Deutsche Telekom Capital Partners (DTCP), a venture capital and private equity arm of Deutsche Telekom, has announced the launch of a €350 million fund. This fund, the second of its kind, is aimed at supporting growth-stage technology companies with a focus on Europe, Israel, and the United States. The fund will primarily target businesses in the areas of cloud computing, artificial intelligence, cybersecurity, and network infrastructure.

DTCP has already invested in more than 50 businesses across Europe, the US, and Israel. The new fund will build on the success of its predecessor, a €250 million fund launched in 2015, which has been fully invested.

DTCP’s latest fund is backed by institutional investors and Deutsche Telekom itself. The telecom giant is keen to invest in companies that can help it stay ahead in the fast-paced world of technology and telecommunications. The fund’s launch underlines Deutsche Telekom’s commitment to fostering innovation and supporting the growth of technology companies.

The new fund is expected to make investments ranging from €4 million to €15 million. It is part of Deutsche Telekom’s broader strategy to maintain a competitive edge by investing in cutting-edge technologies and companies.

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