Deutsche Telekom establishes new fund

DTCP will have a fund volume of €500m to be invested over a five-year period. The investment managers involved in the venture will also advise Deutsche Telekom on some of its existing investments.

T-Venture will remain active in order to look after its 100 portfolio companies and to conduct follow-on financing for these businesses. It will, however, be closed to new investments.

The new fund will invest not only in start-ups but also in more mature companies that fall outside of T-Venture's focus.

T-Venture was founded in 1998 and has launched four funds during the period, according to unquote" data. It invests between €500,000-5m in the telecommunications and technology sectors and prefers a holding period of between five to seven years. Its last new investment was in consumer security and privacy suite ZenMate. T-Venture participated in the €3.2m series-A funding round, led by Holtzbrinck Ventures.

Deutsche Telekom provides network, mobile communications and internet services for consumers and business customers. The company, which has 229,000 employees worldwide, generated revenues of €60.1bn in the 2013 financial year.

unquote" recently highlighted the opportunities still to be found in the telecommunications market in Germany – you can read our analysis here.

Vicente Vento is senior vice president of M&A at Deutsche Telekom and has been appointed CEO-designate of DTCP.

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• Topics
• DACH
• Venture
• Technology
• Germany
• T-Venture
• Holtzbrinck Ventures