6:29:42 AM PDT - Tuesday, October 4th, 2022

DTCP taps SoftBank as an anchor LP for its next $500-600M fund  

By Editor - Tue Sep 20, 2:39 am

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Last week, we got a glimpse of how SoftBank is pulling away from some of its more exuberant investing of the past years, when news broke that it had sold its entire stake in edtech startup Kahoot , at a loss. This week, we’re getting a look at what SoftBank is doing to diversify how it deploys capital with a little less direct risk to itself: DTCP  says that SoftBank has taken a major stake in its next fund, part of a $300 million tranche that it has raised to double down on growth rounds in Europe. For background, DTCP is a fund that started as the venture arm of Germany’s telco Deutsche Telekom but is now run as an independent firm — DT remains an investor, but in a little piece of pivotal rebranding, DTCP now stands for “Digital Transformation Capital Partners”. Others in this first close include DT, as well as unnamed institutional, pension fund, corporate, and family office investors. This fund, DTCP’s third, is a mark of how far the European ecosystem has come along when it comes to growth rounds: once it would have been a rarity to raise growth rounds in this region, with the more promising startups founded in Europe decamping to the U.S. to tap investors there if they wanted to scale. These days, it’s more likely they may find that investment closer to home.

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DTCP taps SoftBank as an anchor LP for its next $500-600M fund

  • Comments Off on DTCP taps SoftBank as an anchor LP for its next $500-600M fund

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