DTCP Closes $300 Million Growth Equity III Fund

Berlin — First closing of $300 million Growth Equity III Fund for DTCP. The fund was laun­ched in March 2022 and has raised capi­tal from new and exis­ting inves­tors, inclu­ding Deut­sche Tele­kom and Soft­Bank Group Inter­na­tio­nal, as well as other insti­tu­tio­nal inves­tors, pension funds, corpo­ra­ti­ons and family offices. DTCP plans to conti­nue to raise substan­tial capi­tal for the fund and aims to complete fund­rai­sing in 2023. A YPOG team led by Jens Kretz­schmann advi­sed DTCP on the first closing.

In line with DTCP’s successful data-driven invest­ment stra­tegy, the Growth Equity III Fund invests in cloud-based enter­prise soft­ware and soft­­ware-as-a-service (SaaS) compa­nies in cyber­se­cu­rity, Web3, AI, fintech, verti­cal SaaS solu­ti­ons, and IT appli­ca­ti­ons and cloud infra­struc­ture soft­ware. The Fund is seeking appro­xi­m­ately 25 equity invest­ments of $20 million to $25 million for early growth or expan­sion stage compa­nies, typi­cally as part of a Series B through D or late stage finan­cing round. The fund focu­ses on leading compa­nies in Europe, Israel and the USA that have a solid market posi­tion and a tech­no­lo­gi­cal edge.

Thomas Preuss, Mana­ging Part­ner at DTCP Growth, said, “Our GE III fund is a conti­nua­tion of a proven stra­tegy, and we would like to thank our exis­ting and new inves­tors for their support and trust. With one of the largest specia­list teams for cloud-based enter­prise soft­ware in Europe, we aim to conti­nue support­ing outstan­ding entre­pre­neurs and market leaders in the fast-growing cloud-based enter­prise soft­ware ecosys­tem and create attrac­tive co-inves­t­­ment oppor­tu­ni­ties for our investors.”

Consul­tant DTCP: YPOG

Jens Kretz­schmann (Lead, Funds), Part­ner; Andreas Korten­dick (Tax), Part­ner ; Lenn­art Lorenz (Regu­la­tory), Part­ner; Martin Braun (Funds, Tax), Asso­ciate; Dr. Niklas Ulrich (Regu­la­tory), Senior Asso­ciate; Michael Blank (Funds), Asso­ciate; Stefa­nie Nagel (Regu­la­tory, ESG), Associate

About DTCP

DTCP is an inde­pen­dent invest­ment manage­ment plat­form focu­sed on digi­tal trans­for­ma­tion. DTCP Infra invests in fiber optic networks, mobile towers and data centers. DTCP Growth invests in leading compa­nies that provide cloud-based enter­prise soft­ware. The driving force behind the company’s stra­te­gies is the belief that the conver­gence of networks and the Inter­net will create more wealth, trans­form more busi­nesses and unleash more inno­va­tion than any other deve­lo­p­ment in the history of tech­no­logy. DTCP and its part­ner compa­nies have offices in Hamburg, London, Luxem­bourg, San Fran­cisco, Seoul and Tel Aviv. https://www.dtcp.capital

About YPOG

YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax and Tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Cologne.