OrganisationDE

Digital Transformation Capital Partners

European venture capital firm; lead investor in Kraken 2026 Series B round

Last refreshed: 24 July 2026

Background

Digital Transformation Capital Partners (DTCP) is a European investment platform, structured as Infra, Growth and Defence strategies, with roughly €4.5bn in assets under management across enterprise SaaS, digital infrastructure and, through its Defence Arm, European strategic-autonomy technology. In July 2026 DTCP Defence led Kraken Technology Group's $175m Series B round, the financing that took the British uncrewed-surface-vessel maker past a $1bn valuation and made it one of Europe's newest defence unicorns. The round also drew the British Business Bank, NATO Innovation Fund and Rheinmetall alongside several venture firms, with DTCP as the anchor investor behind Kraken's push into localised manufacturing.

Common Questions

Who led Kraken Technology Group's Series B round?

DTCP (Digital Transformation Capital Partners), via its DTCP Defence fund, led the $175m round announced in July 2026.

What is DTCP Defence?

DTCP Defence is the defence-focused investment strategy of Digital Transformation Capital Partners, targeting European strategic-autonomy and security technology.

When was DTCP founded?

DTCP was founded in 2015 as a spin-out from Deutsche Telekom, and is headquartered in Hamburg, Germany.

Where is DTCP based?

DTCP is headquartered in Hamburg, Germany, with additional offices in Menlo Park, Tel Aviv, Luxembourg and London.

How much money does DTCP manage?

DTCP manages roughly €4.5bn in assets across its Infra, Growth and Defence investment strategies.

Source Material

DTCP DTCP Defence Leads $175 Million Series B Financing Round in Kraken Technology Group

Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 24 July 2026. Editorial standards.