DTCP backs Norwegian defence tech as new €455M fund expands across Nordics

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 fund’s expansion, DTCP plans to open a new office in Copenhagen in 2027, strengthening its presence in Denmark and the wider Nordic defence and technology ecosystem and creating an additional base for sourcing and supporting companies across Northern Europe. DTCP is a global investment management firm focused on technology and infrastructure investments, with a particular focus on growth-stage enterprise software, digital infrastructure and mission-critical technology companies. As of September 2026, the firm manages €5 billion in assets and has more than 60 professionals across the world, with Copenhagen set to become part of its European footprint in 2027. Its investment activities span areas including enterprise technology, digital infrastructure and defence-related technologies. Through its DTCP Defence strategy, the firm invests in companies developing technologies for defence, security and resilience, including artificial intelligence, autonomous systems, cyber defence, secure communications and space technologies. DTCP Defence Fund I will invest in early-growth and growth-stage technology companies working across defence, security and resilience. Its investment focus includes AI, autonomous systems, cyber defence, secure communications and space technologies, with a particular emphasis on Series B and later funding rounds. The fund will primarily target European companies, while also investing selectively in businesses from NATO member states and close allies where their technologies are considered strategically relevant to European defence, interoperability or critical supply chains. Three Nordic investors are participating in the Security. Watson brings more than a decade of experience in private equity, growth and venture investing. She previously worked as a Partner at Lakestar and spent seven years at Goldman Sachs across its Strategic Investments and Growth Equity teams. The team will focus on identifying and supporting technology companies as they move through growth stages, while DTCP’s broader platform will provide additional investment and operational capabilities. With €455 million secured at first close, investments already made in Norway and a Copenhagen headquarters planned for 2027, DTCP is positioning its new defence strategy with a clear connection to the Nordic and wider European technology ecosystem. Click here to read more VC news.