Amsterdam’s TIN Capital secures additional €15M to boost European cybersecurity startups

Amsterdam-based TIN Capital, a Dutch venture capital firm founded in 1998, has secured an additional €15M from Dutch investors for its second cybersecurity fund, the European Cyber Tech Fund V. 

This contribution adds to earlier commitments totalling tens of millions of euros. The investment is part of an ongoing fundraising round. The final close is expected in the coming months, with the fund targeting a total size of more than €80M.

Investors supporting TIN Capital

Public investors Invest-NL, InnovationQuarter, and ROM Region Utrecht, along with private investors and family offices from the Netherlands, are supporting this funding round. 

Their involvement highlights a shared view that Europe must increase its investment in cybersecurity solutions developed within the region. In the Netherlands, there is a strong focus on strengthening digital systems and advancing technology with European origins.

Johan Stins of impact investor Invest-NL, says, “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. By investing now in European cybersecurity  innovations, we are taking responsibility for safeguarding Europe’s digital future.”

Alex Bos of InnovationQuarter, adds, “This investment aligns perfectly with our focus on defence and security. 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.”

Jeffrey Williams from ROM Regio Utrecht, mentions, “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.”

TIN Capital: European cybersecurity investors

Founded in 1998, TIN Capital has focused on cybersecurity investments since 2018, beginning with its Dutch Security TechFund. 

In the final quarter of 2023, the firm launched the European Cyber Tech Fund V, aimed at supporting European cybersecurity companies in A and B funding rounds. The fund targets firms with scalable technologies, established intellectual property, and international growth plans.

TIN Capital’s portfolio includes companies such as SignPath, Eye Security, BreachLock, EGERIE, and EclecticIQ. The firm views recent backing from Dutch investors as confirmation of its ongoing investment approach in the European cybersecurity sector.

Speaking about the latest development, Michael Lucassen, Managing Partner at TIN Capital, says, “We are delighted with the trust of these Dutch investors. 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.”