German investment firm DTCP has closed the first €455 million of its DTCP Defence Fund I, with backing from European institutional and strategic investors including Nordic investors EIFO, Danica and SmartCap, alongside Deutsche Telekom and Porsche SE. The fund will invest in early-growth and growth-stage defence, security and resilience technologies, focusing on areas such as AI, autonomous systems, cyber defence, secure communications and space, primarily through Series B and later rounds. DTCP Defence has already invested in Norwegian defence technology company Six Robotics, which develops autonomy and orchestration software for unmanned systems, and UK-based Kraken Technology Group, while a third investment is underway. As part of the...
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