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Alternative Assets  + VC  |  November 8, 2022
Investment Management Firm, Digital Transformation Capital Partners to Invest $300M in High Tech Startups
Joe Palmisano
By: Joe Palmisano

Digital Transformation Capital Partners to Invest $300M in High Tech Startups

Digital Transformation Capital Partners, an independent investment management firm focused on digital transformation, announced the first closing of its Growth Equity III Fund at $300 million.

The fund invests in tech-focused industries including cybersecurity, artificial intelligence, fintech and Web3. The firm plans to continue to raise significant capital and aims to close fundraising in 2023.

The funds injected will target about 25 equity investments in the range of $20 to $25 million for businesses in Series B to D or late-stage funding rounds, focusing on Europe, Israel, and the US.

Launched in March 2022, the Fund is backed by new and existing investors including Deutsche Telekom and Japanese conglomerate SoftBank Group International, alongside other institutional, pension fund, corporate, and family office investors.

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Digital Transformation Capital Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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