Deutsche Telekom is launching what is expected to be one of the largest venture investing funds in Europe.
Deutsche Telekom Capital Partners (DTCP) will have a fund volume of EUR 500 million for a 5-year period, effectively doubling the company’s existing investments with T-Venture. DTCP will also advise Deutsche Telekom on existing investments in STRATO, Interactive Media, Scout, Deutsche Telekom Innovation Pool (TIP) and T-Venture.
“DTCP combines the expertise and strength of a large corporation with the agility and flexibility of a small investment company: the best of both worlds to take Deutsche Telekom forward,” said Tim Höttges, CEO of Deutsche Telekom.
“I’m excited about the job of unifying Deutsche Telekom’s innovation investments in one place, and being able to attract world-class talent to Germany to create a truly unique innovation engine,” said Vicente Vento, currently Senior Vice President of Mergers & Acquisitions at Deutsche Telekom and CEO-designate of DTCP.
DTCP will launch in early 2015.
