Deutsche Telekom, one of the largest telecommunications companies in the world today, has announced a new fund named Deutsche Telekom Capital Partners (DTCP) that will launch operations in early 2015 with around €500 million ($620 million) of capital to invest.
T-Venture, the existing investment branch of DT established in 1998, will simultaneously stop investing in startups and manage the existing portfolio of around 100 companies. New investments will be carried out via DTCP.
DTCP is planned to manage a fund of about €500 million over 5 year period. If materialize, the fundings will have doubled DT’s total investment in tech ventures and startups with special focus on Germany’s growing startup ecosystem.
DTCP will also be the advisory organ for Deutsche Telekom on existing investments in STRATO, Interactive Media, Scout, Deutsche Telekom Innovation Pool (TIP) and T-Venture, according to the press release.
Thorsten Langheim, Senior Vice President, Group Corporate Development, who will be responsible for DTCP at Deutsche Telekom, said in a statement, “As a hybrid fund, DTCP combines the strengths of a large corporate group with the speed and expertise of an investment fund, and expands Deutsche Telekom’s spectrum considerably. We are opening up new opportunities for ourselves to increase the value of our own investments that are not part of our core business in the long term. And our private equity approach will allow us to invest in more mature companies that have to date been outside the reach of a purely venture capital focus”.