Deutsche Telekom announces $620 million tech fund

German telecom giant Deutsche Telekom announced it is creating a $620 million investment fund for new and mature tech startups in an effort to “considerably expand the scope and volume of its investments in venture capital and technological innovation.”

The new company will be called Deutsche Telekom Capital Partners  or DTCP. The fund will invest in companies over the next five years and replaces the telecom company’s previous smaller investment vehicle, T-Venture. The new fund will more than double its investment commitments.

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Source: Venture Beat

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