Share this article
SoftBank, Deutsche Telekom Back $300M Fund With Web3 Component
The fund from DTCP launched in March and is still raising money. It is expected to close in 2023.
By Brandy Betz
Updated May 11, 2023, 6:52 p.m. Published Sep 20, 2022, 1:36 p.m.
Digital Transformation Capital Partners (DTCP), which started as the venture capital arm of German telecommunications company Deutsche Telekom and now operates independently, has completed the first closing of its latest fund with $300 million in committed capital. The fund invests in tech-focused industries including cybersecurity, artificial intelligence, fintech and Web3.
Launched in March, investors in the Growth Equity III Fund included Deutsche Telekom and Japanese conglomerate SoftBank along with institutional investors such as pension funds and family offices. DTCP will continue raising capital, and the fund is targeted to close to new investments in 2023, according to the press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The fund will write checks of $20 million to $25 million for about 25 equity investments in early to growth-stage companies in Europe, Israel and the U.S. The first investment from the fund was $15 million for conversational AI startup Cognigy.ai.
SoftBank, which has about $419 billion in assets under management, has become a noted investor in crypto companies. Recent investments have included the $66 million round for Web3 infrastructure startup InfStones in June and a $75 million commitment to crypto exchange Bullish the following month.
Read more: SoftBank Reports Record Quarterly Loss
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand
Crypto's 24/7 trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
알아야 할 것:
- Nasdaq plans to expand stock and exchange-traded product trading to 23 hours a day, five days a week, according to a Reuters report.
- The move follows similar initiatives by the New York Stock Exchange and reflects growing global demand for extended market access.
- Always-on cryptocurrency trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
Top Stories
