Funding & Investment · Ben Buzz · Jan 19, 2026

DTCP Launches €20M Fund for Security and Dual-Use Startups in Defence Sector

DTCP has launched a €20 million fund under Project Liberty to support security and dual-use startups in the European defence sector, focusing on Series A to C financing stages. Consequently, Nordic pension funds are expected to boost their investments in defence infrastructure, with significant increases anticipated during 2026-2027.

DTCP has announced the launch of a €20 million fund aimed at supporting startups specializing in security and dual-use technologies within the defence sector. This initiative is part of Project Liberty, which concentrates on European defence investments.

Investment Focus and Background

DTCP, with over a decade of experience in investing in IT and security, is setting its sights on startups operating within key areas such as software, cyber defence, artificial intelligence (AI), and autonomous systems. The fund specifically targets companies in their Series A to C financing stages, providing crucial support for early to mid-stage businesses looking to scale their operations.

Portfolio and Strategic Areas

DTCP's investment portfolio already includes a variety of cybersecurity and AI companies. The new fund will further expand this portfolio by focusing on security and dual-use technologies. Dual-use technologies refer to innovations that have both civilian and military applications, a sector that has been gaining traction due to its versatility and potential for broad applications.

Increased Interest and Regional Focus

There is a growing interest from pension funds in the defence sector, driven by increased defence spending in Nordic countries. These governments have been ramping up their expenditures in response to evolving security challenges. Consequently, Nordic pension funds are expected to boost their investments in defence infrastructure, with significant increases anticipated during 2026-2027.

Targeting Nordic and European Markets

The newly launched fund will primarily target the Nordic and broader European defence infrastructure. By focusing on dual-purpose product development, DTCP aims to contribute to a more robust and secure defence landscape in these regions. The emphasis on dual-use technologies is particularly strategic, given their capacity to address both civilian and military needs, thereby maximizing the impact and applicability of the innovations supported by this fund.

“Project Liberty is a pivotal part of our strategy to enhance Europe's defence capabilities through targeted investments in innovative technologies.”

The launch of this €20 million fund marks a significant step in DTCP's ongoing commitment to bolstering security and dual-use capabilities in the defence sector. By aligning with both current market needs and future trends, DTCP is positioning itself as a key player in the evolving landscape of European defence investments.

FAQs

What is the total size of the fund launched by DTCP?
The total size of the fund launched by DTCP is €20 million.
What types of financing stages does the fund target?
The fund targets startups in their Series A to C financing stages.
What is the expected investment period for the fund?
The expected investment period for the fund is 2026-2027.
What sectors does the fund focus on?
The fund focuses on startups specializing in security and dual-use technologies within the defence sector.
What is meant by dual-use technologies?
Dual-use technologies refer to innovations that have both civilian and military applications.
Which geographical markets does the fund primarily target?
The fund primarily targets the Nordic and broader European defence infrastructure markets.
Why is there increased interest from pension funds in the defence sector?
Increased interest from pension funds is driven by rising defence spending in Nordic countries in response to evolving security challenges.