Dutch VC fund TIN Capital bags an additional €15 million for their ‘European Cyber Tech Fund V’

Amsterdam-based VC fund TIN Capital has secured an additional €15 million for their cybersecurity fund ‘European Cyber Tech Fund V’ – the final close is expected in the coming months, with a target fund size exceeding €80 million.​

This funding round is supported by Invest-NL, InnovationQuarter, and ROM Regio Utrecht, alongside several private investors and family offices from the Netherlands.

“We are delighted with the trust of these Dutch investors,” says Michael Lucassen, Managing Partner at TIN Capital. “With our second cybersecurity fund, we are building on the success of our first, which supported several promising European cybersecurity companies. The Netherlands can take a leading role in making Europe more secure and in building strong European cybersecurity champions.”

TIN Capital, an acronym for ‘The Investors Network’, was founded in 1998 and has focused solely on cybersecurity investments since 2018. Portfolio companies include SignPath, BreachLock, Eye Security, EGERIE, and EclectiqIQ. They are an active member of the European Cyber Security Organization (ECSO) and have a second office at Security Delta (HSD) in The Hague.

Their main investment focus are in the fields of cybersecurity, IoT Security, Privacy Enhancing Technologies, National and Economic Security Tech, and Cyber Liability InsurTech.

Their typical investment ranges from €1-10 million, depending on the stage—ranging from Seed to Series C. They back companies with proven product-market fit in their home markets. According to their website, ideal candidates are either ready to scale or already in the process of scaling up.

“The geopolitical climate and increasing digital threats make it essential for Europe to strive for technological autonomy. This is something the Netherlands can and should play a key role in,” says Johan Stins, Impact Investor at Invest-NL. “By investing now in European cybersecurity innovations, we are taking responsibility for safeguarding Europe’s digital future.”

Since 1998, TIN Capital has successfully launched 7 funds:​​

• TIIN Tech Fund I (2006-2018)
• TIIN Tech Fund II (2009-2023)
• TIIN Tech Fund III (2012-Present)
• TIIN Tech Fund IV/Dutch Security Tech Fund (2019-Present)
• TIIN Next Phase Fund/Berk IV (2014-2018)
• TIIN Buy-Out & Growth Fund (2007-2020)
• European Cyber Tech Fund V (2023-Present)

“This investment aligns perfectly with our focus on defense and security,” says Alex Bos of InnovationQuarter. “Within a broad public-private ecosystem, in which we collaborate among others with the Ministry of Defence, we are fostering technological innovation in the field of security. Cybersecurity is an increasingly important part of this. Through our investment in TIN Capital’s fund, we provide European, and specifically Zuid-Holland-based, startups and scale-ups with access to the crucial growth capital that is still lacking in the cybersecurity sector.”

TIN Capital believes that Europe can no longer delay investing in high-quality, European cybersecurity solutions. The urgency to enhance digital resilience and develop strategic technologies rooted in Europe is strongly felt in the Netherlands – according to TIN Capital.

Jeffrey Williams from ROM Regio Utrecht adds: “With its central location, strong knowledge institutions, and a growing cluster of companies and talent, Utrecht Region is a natural driver of digital resilience. Our investment in TIN Capita’s fund aligns with that role and strengthens the broader cybersecurity ecosystem.”

The fund is set to invest in 12 startups with the potential to become a leader in their segment.

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