DTCP today announced the launch of “Project Liberty,” a new €500 million defense and resilience technology fund focused on Europe.
The fund follows a Europe-led, NATO-aligned investment strategy, with the flexibility to invest selectively in technology companies from NATO member states and close allies where such technologies are strategically relevant to European security, interoperability, and critical supply chains.
With a target size of €500 million, Project Liberty is the largest privately managed venture capital initiative to date in Europe with a dedicated focus on defense, security, and resilience technologies.
DTCP’s existing portfolio already includes defense and security technology companies such as Quantum Systems, Anomali, and Axonius.
Hamburg, Frankfurt, Berlin, Luxemburg, January 16, 2026 – DTCP, a global investment management platform with more than €3 billion in assets under management, today announced the launch of Project Liberty, its eighth fund and its first dedicated exclusively to defense, security, and resilience technologies.
The fund is independently managed by DTCP and targets institutional investors, family offices and corporate investors. Its objective is to support the growth of high-performing European defense and dual-use technology companies and to contribute to Europe’s long-term technological capability and security resilience.
While Europe remains the clear investment focus, Project Liberty may also selectively invest in defense and security technologies from NATO member states and close allies where such investments are strategically relevant to European security interests.
Vicente Vento, CEO of DTCP, commented:
“Project Liberty represents a highly consistent extension of our role as a specialist investment platform. Defense and resilience have been converging with technology and infrastructure investing for more than a decade—precisely where DTCP, through DTCP Growth and DTCP Infra, has deep expertise and numerous touchpoints with the defense industry. There are few areas that fit more naturally with our existing platforms.
At the same time, we see a compelling long-term investment opportunity. For decades, Europe has underinvested in defense while geopolitical risks have steadily increased. In parallel, we are witnessing a profound technological transformation across the entire value chain—from surveillance and sensing to software-defined systems, advanced materials, autonomous platforms, and satellite and communications infrastructure.
As major Western governments have now embarked on a long-term and irreversible path to modernize their defense capabilities, we are highly confident in the structural growth prospects of this sector for decades to come.”
DTCP Expands Its Defense Tech Investments with New Fund
DTCP has been investing successfully in IT- and security technologies for more than a decade. Its existing portfolio has a strong focus on cybersecurity and AI companies, including Arctic Wolf, Axonius, Zenity, Anomali and Ox Security. This is complemented by dual-use companies such as the German defense tech unicorn Quantum Systems.
These investments underscore DTCP’s proven expertise in building and scaling technology-driven companies at the intersection of digital transformation, security, and infrastructure.
Thomas Preuß, Managing Partner at DTCP and Chief Investment Officer of Project Liberty:
“We named the fund Project Liberty because it is about more than capital alone. Technological capability is a core prerequisite for Europe’s sovereignty, security, and democratic stability. Our objective is to support the development of a strong European security architecture through targeted investments in scalable, high-performance technologies.
At the same time, Project Liberty follows a clear, return-driven investment approach. We combine capital with deep operational expertise, an international network, and long-standing experience working with industrial partners and public-sector stakeholders. In this sector, access, governance, and the ability to scale are critical—and this is where we believe DTCP brings distinct value as a long-term, active investor.”
Up to 30 Investments in Defense Tech Companies Planned
With Project Liberty, DTCP is actively investing in European defense and dual-use technology companies across Series A to C financing stages. The fund plans to make investments in up to 30 companies, with an average investment size of approximately €20 million.
The investment focus is on companies that complement existing defense and security systems or advance them through new technological approaches. Key areas of focus include software solutions, cyber defense, artificial intelligence, and autonomous systems.
About DTCP
DTCP is a global investment management platform founded in 2015. The firm manages approximately €3 billion across multiple technology and infrastructure funds and has completed more than 50 investments worldwide, including over 19 successful exits.
DTCP’s growth portfolio includes companies such as Groq (Nvidia), Cognigy (Nice), LeanIX (SAP), Signavio (SAP), Auth0 (Okta), Fastly (IPO), Pipedrive (Vista Equity Partners), and Quantum Systems. DTCP has offices in Hamburg, Frankfurt, Berlin, Luxembourg, London, San Francisco, and Tel Aviv.