Digital Transformation Capital Partners, is a global investment management platform that spun out from Deutsche Telekom in 2015. Headquartered in Hamburg, the firm operates with a specialized focus on digital transformation, managing a diverse portfolio across growth equity and digital infrastructure. DTCP is recognized for its independent, institutional approach, bridging the gap between corporate strategic interests and high performance venture returns. They pride themselves on a data driven investment philosophy, utilizing proprietary models to assess capital efficiency and sustainable growth for the companies they back.
In January 2026, DTCP announced the launch of Project Liberty, a 500 million euro fund dedicated exclusively to defense, security, and resilience technologies. As the firm’s eighth fund and its first focused squarely on the defense sector, Project Liberty is positioned as the largest privately backed initiative of its kind in Europe. The fund is NATO aligned and designed to address the historic underinvestment in European defense by scaling high performing technology companies. It targets approximately 30 portfolio companies with a focus on Series A through Series C stages. The vehicle seeks to capitalize on the convergence of military and civilian technology, prioritizing software defined defense, autonomous platforms, and cyber resilience.
Leadership
The firm is led by Vicente Vento, the Co Founder and CEO, who has overseen the firm’s growth into a platform with over 3 billion euros in assets under management. Thomas Preuß serves as a Managing Partner and is the Chief Investment Officer for the Project Liberty fund, bringing extensive experience in B2B and growth equity. Other key leadership figures include Philipp von Bismarck, who manages the digital infrastructure strategy, and Ole Aguirre, a partner with a background in intelligence and special forces who plays a crucial role in the firm’s defense tech expansion.
Investment Strategy
DTCP employs a rigorous, quantitative investment strategy that favors companies with proven product market fit and high capital efficiency. For its growth equity investments, the firm typically looks for businesses with 3 million to 100 million dollars in ARR and growth rates exceeding 80 percent.
They use a proprietary data model called Flightpath to analyze over 40 key performance indicators, providing founders with objective benchmarks to improve their scaling efforts. In the defense space, their strategy is return driven but strategically focused on European sovereignty and interoperability within the NATO framework.
Notable Investments
The firm has built a robust portfolio of category leaders including:
Notable Exits
DTCP has a strong track record of liquidity events with over 19 successful exits to date. Key realizations include the initial public offering of Auth0 (later acquired by Okta), the acquisition of Signavio by SAP, and the sale of GD Towers to DigitalBridge and Brookfield.
Other
DTCP offers a highly specialized advisory team that works to create measurable synergies between startups and a broad ecosystem of corporate sponsors and industrial partners. They are particularly valuable for companies looking to navigate the complex procurement cycles of large European enterprises or government defense agencies. While they remain independent, their deep rooted connection to Deutsche Telekom and other corporate LPs provides a unique distribution and networking advantage that most traditional VCs cannot replicate.
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