Berlin, 27. Januar 2026 – YPOG has advised the international investment platform DTCP on the launch of “Project Liberty,” a new European venture capital fund focusing on defense, security, and resilience technologies. With a target volume of EUR 500 million, Project Liberty is the largest privately managed venture capital fund in Europe focused exclusively on investments in this segment.
The fund pursues a European-oriented, NATO-compatible investment strategy and targets institutional investors, family offices, and corporate investors. The investment focus is on highly scalable European defense and dual-use technology companies in the Series A to C financing phases. In addition, selective investments in companies from NATO member states and close strategic partner countries outside Europe are possible. A total of up to 30 investments with an average investment amount of around EUR 20 million are planned.
DTCP has a long track record of success at the intersection of technology, security, and infrastructure. Its existing portfolio includes companies in the fields of cybersecurity, AI, and defense tech, including Quantum Systems, which YPOG has already advised on several financing rounds and acquisitions. With Project Liberty, DTCP is bundling its expertise in the defense sector for the first time in a standalone, thematically focused fund vehicle.
"Project Liberty marks a milestone for the European venture capital market in the defense and security sector. Structuring a fund of this magnitude requires not only in-depth regulatory expertise, but also a deep understanding of geopolitical conditions, security-related technologies, and the specific governance requirements of this sector. We are very pleased to have advised DTCP on the establishment of this strategically highly relevant fund," says Jens Kretzschmann, partner at YPOG.
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 25 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.
Team
Jens Kretzschmann (Lead, Funds), Partner, Berlin
Lennart Lorenz (Regulatory), Partner, Hamburg
Andreas Kortendick (Funds), Partner, Cologne
Robert Schramm (Funds), Associated Partner, Berlin
Martin Braun (Tax), Senior Associate, Cologne
Nicolas Fischer (Funds), Associate, Berlin
Johannes Gehring (Funds), Associate, Berlin
Dr. Nick Tamburello (Funds), Associate, Hamburg
Contact
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 180 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Cologne, Hamburg, Munich, Cambridge and London.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog