# T.Capital

T.Capital is a Private Equity based in Hamburg, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hamburg, Germany
- **Region:** Europe
- **Address:** Am Sandtorpark 2, 20457 Hamburg, Germany
- **Founded:** 2023
- **Assets under management:** €2.3 billion (per the firm, 2025)
- **Website:** t.capital

## About

Our investments come with the opportunity to access markets, expertise and partnerships that help businesses scale faster and smarter.

## Sectors

- AI/ML
- Cybersecurity
- Cloud Infrastructure
- Enterprise Software
- IoT
- Defence
- Connectivity
- Digital Twin & Automation
- ClimateTech
- AdTech
- Consumer
- EdTech
- Device-as-a-Service
- Quantum Computing

## Offices

- Frankfurt, Germany
- Berlin, Germany
- London, United Kingdom

## People

- Oliver Schmäschke — Managing Partner
- Thorsten Langheim — Chairman
- Julia Kainz — Head of Tech Fund and Venture Investments
- Maneesh Sharma — Partner, Tech Fund
- Till Sutor — Partner, Tech Fund

## Questions

### Who makes investment decisions at T.Capital?

Managing Partner Oliver Schmäschke steers the overall investment strategies and operations, while the Ventures and Tech Fund teams operate with dedicated partners. Julia Kainz leads the combined Tech Fund and Venture Investments group from Deutsche Telekom's side. The Tech Fund partnership includes Maneesh Sharma, formerly a Managing Director at Aleph Capital, and Till Sutor, who spent six years at Berlin-based private equity firm Elvaston Capital (per the firm, 2025).

### How does T.Capital source proprietary deal flow?

Deal flow is heavily relationship-driven and anchored in Deutsche Telekom's global commercial network. Portfolio companies such as ElevenLabs and Perplexity gain direct distribution through Deutsche Telekom's subscriber base and enterprise sales channels, which drives a significant volume of warm introductions. The team also sources through co-investor relationships built from prior DTCP funds and through the hub:raum early-stage program's alumni network.

### What investment stages does T.Capital target?

The Ventures arm covers early-stage and growth-stage rounds, including seed through Series B and later. The Tech Fund targets buyout, expansion, and late-stage growth positions, especially in software and managed service providers. The portfolio reflects this split — recent 2025 rounds include seed-stage AI infrastructure plays like Nscale alongside later-stage Series B observability platform Dash0.

### How is T.Capital related to DTCP?

DTCP was the investment platform co-founded by Thorsten Langheim and others inside Deutsche Telekom that has since split into two separate entities. T.Capital is the renamed and refocused strategic investment arm of Deutsche Telekom, while DTCP continues independently as a growth equity and digital infrastructure manager. Oliver Schmäschke was COO of both platforms before becoming Managing Partner of T.Capital outright.

## Related profiles

- [T&S Capital](https://altss.com/profile/tands-capital)
- [Tag Equity Partners](https://altss.com/profile/tag-equity-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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