Deutsche Telekom Capital Partners

Deutsche Telekom Capital Partners, now operating as T.Capital, is the strategic investment arm of Deutsche Telekom, with around €2.3B under management. The firm runs Ventures and Tech Fund strategies from offices including Hamburg, with growth and scale-up activity across Europe and beyond. Sectors span AI, cybersecurity, infrastructure and connectivity. Industrial-relevant holdings include Quantum Systems in aerial surveillance, NSCALE in AI cloud infrastructure, Filigran in cyber threat intelligence and Black Forest Labs in foundation image models.