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DTCP Raises €455 Mn for New Defence and Security Technology Fund

Sep 24, 2026 | By Oliver Bennett

DTCP Raises €455 Mn for New Defence and Security Technology Fund

DTCP has announced the first closing of its DTCP Defence Fund I, with €455 million in commitments from European institutional and strategic investors.

SUMMARY

  • DTCP has secured €455 million for the first closing of its DTCP Defence Fund I.
  • Investors include Deutsche Telekom, Porsche SE, EIFO, Danica and SmartCap.
  • The fund has already invested in Six Robotics and Kraken Technology Group.

The investor group includes Deutsche Telekom, Porsche SE, EIFO, Danica, and SmartCap.

DTCP has also created a dedicated investment team focused on defence, security, and resilience technologies. The team is led by Partners Ole Aguirre and Georgia Watson and brings experience across the technology and growth investment sectors.

The fund has already invested in Six Robotics and Kraken Technology Group, while a third investment is currently in progress.

Along with the new investment team, DTCP has expanded its wider defence platform by adding more investment and operational expertise to support the fund’s activities.

Thomas Preuß, Managing Partner and Chief Investment Officer of DTCP Growth: “The Fund addresses a critical need in Europe: accelerating the development and scaling Europe’s own strategic capabilities. This requires not only significantly more European capital, but also investors who understand how to identify, support and scale mission-critical technology companies.”

Tim Höttges, CEO of Deutsche Telekom: “Europe must take greater responsibility for its own security. As an operator of critical infrastructure that millions of people and businesses depend on every day, Deutsche Telekom has a clear role to play. We backed DTCP’s Defence Fund to help scale the defence and security technologies that protect our infrastructure and strengthen Europe’s ability to defend itself. I am delighted to see Porsche SE, EIFO, Danica, and SmartCap joining this initiative. Their commitment sends a powerful signal: European security is a shared responsibility that we must back with capital and action. Together, we are building a truly European initiative to protect what matters to us all.”

DTCP is a global investment management firm with €5 billion in assets under management as of September 2026. The firm focuses on growth-stage enterprise software, digital infrastructure and technology companies that play an important role in business operations.

DTCP has more than 60 professionals working across Hamburg, Frankfurt, Berlin, London, Luxembourg, San Francisco, Tel Aviv and Valencia. The firm is also expanding its European presence with Copenhagen.

DTCP Defence focuses on technologies that can support European security, sovereignty and resilience. Its investment areas include artificial intelligence, autonomous systems, cyber defence, secure communications and space technologies.

The fund targets mission-critical technology companies working on solutions that can strengthen Europe’s ability to respond to security and defence challenges.

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