EIF injects €20M into Amsterdam-based TIN Capital’s Cyber Tech Fund V, pushing final close past €80M

The EIF has joined other investors in supporting TIN Capital’s latest fund, which focuses on cybersecurity investments across Europe.

The European Investment Fund (EIF) has invested €20M in Amsterdam-based TIN Capital’s European Cyber Tech Fund V. The investment strengthens the fund’s resources for supporting cybersecurity scale-ups across Europe.

Invest-NL has also joined with an additional commitment, following its earlier participation. Other participants include regional investment funds, family offices, and private investors from the European cybersecurity sector.

With EIF’s contribution, backed by the European Commission’s InvestEU programme, the fund has reached a final closing of more than €80M.

Cecilia Thorfinn, Acting Head of Representation of the European Commission in the Netherlands, adds, “Cyber security is essential to provide a safe and protected digital landscape for citizens and businesses and to guard critical entities and essential services. By supporting TIN Capital’s Cybersecurity Fund via InvestEU, we take another step in ensuring that Europe remains an attractive place for businesses to settle and thrive.”

Capital utilisation

The fund will use this capital to invest in European cybersecurity companies seeking to expand operations.

Michael Lucassen, Managing Partner at TIN Capital, says, “Cybersecurity is no longer a luxury; it is an absolute necessity for Europe’s economic and societal stability. Together with the EIF  and our other investors, we are building European champions capable of competing with the  world’s leading players.”

The participation of EIF and Invest-NL aligns with TIN Capital’s goal of advancing cybersecurity capacity in Europe. The investment comes as the region prepares for new regulations, including NIS2, the Cybersecurity Act, and DORA, which aim to enhance cybersecurity standards across the EU.

TIN Capital’s Cyber Tech Fund expands portfolio

Since its first closing in October 2023, TIN Capital’s European Cyber Tech Fund V has made several investments aligned with its focus on strengthening Europe’s cybersecurity ecosystem.

The fund has invested in a company that applies large datasets to generate insights relevant to the economic and national security of NATO countries. It has also backed companies working to improve cybersecurity access, reinforce the protection of software supply chains and cloud systems, and develop privacy-focused technologies that support secure data use, sharing, and storage for analytical purposes.

Artificial intelligence is a central element in many of these solutions, helping to improve their efficiency, performance, and scalability across various cybersecurity applications.

Robert de Groot, EIB Group Vice-President, says, “This investment is about securing Europe’s future in a rapidly changing digital world. Through the EIF’s investment in TIN Capital’s  Cybersecurity Fund, we help strengthen Europe’s resilience and ability to protect critical digital  infrastructure and systems.”

Brief about TIN Capital

Founded in 1998, TIN Capital is a VC firm that invests in companies that strengthen Europe’s cybersecurity and digital infrastructure.

TIN Capital began investing in cybersecurity in 2018 through the Dutch Security TechFund. In 2023, it launched the European Cyber Tech Fund V to support startups and scale-ups that contribute to national, economic, and digital security. The fund focuses on Series A and B investment rounds in cybersecurity companies across Europe.

The firm’s name, TIN Capital, stands for The Investors Network. It originated as The Informal Investors Network, established by a group of entrepreneurs. Initially investing on a case-by-case basis, the network expanded into a community of more than 1,000 investors.

As investment needs grew, the group launched TIN Capital as a structured fund manager. Over time, it brought in family offices, corporations, and institutional investors as limited partners.