Amsterdam-based VC fund TIN Capital has secured a further €15 million for his or her cybersecurity fund ‘European Cyber Tech Fund V’ – the ultimate shut is predicted within the coming months, with a goal fund dimension exceeding €60 million.
This funding spherical is supported by Make investments-NL, InnovationQuarter, and ROM Regio Utrecht, alongside a number of personal buyers and household places of work from the Netherlands.
“We’re delighted with the belief of those Dutch buyers,” says Michael Lucassen, Managing Accomplice at TIN Capital. “With our second cybersecurity fund, we’re constructing on the success of our first, which supported a number of promising European cybersecurity firms. The Netherlands can take a number one position in making Europe safer and in constructing sturdy European cybersecurity champions.”
TIN Capital, an acronym for ‘The Traders Community’, was based in 1998 and has centered solely on cybersecurity investments since 2018. Portfolio firms embrace SignPath, BreachLock, Eye Safety, EGERIE, and EclectiqIQ. They are an energetic member of the European Cyber Safety Group (ECSO) and have a second workplace at Safety Delta (HSD) in The Hague.
Their principal funding focus are within the fields of cybersecurity, IoT Safety, Privateness Enhancing Applied sciences, Nationwide and Financial Safety Tech, and Cyber Legal responsibility InsurTech.
Their typical funding ranges from €1-10 million, relying on the stage—starting from Seed to Collection C. They again firms with confirmed product-market match of their residence markets. In response to their web site, supreme candidates are both able to scale or already within the strategy of scaling up.
“The geopolitical local weather and growing digital threats make it important for Europe to try for technological autonomy. That is one thing the Netherlands can and will play a key position in,” says Johan Stins, Affect Investor at Make investments-NL. “By investing now in European cybersecurity improvements, we’re taking duty for safeguarding Europe’s digital future.”
Since 1998, TIN Capital has efficiently launched 7 funds:
- TIIN Tech Fund I (2006-2018)
- TIIN Tech Fund II (2009-2023)
- TIIN Tech Fund III (2012-Current)
- TIIN Tech Fund IV/Dutch Safety Tech Fund (2019-Current)
- TIIN Subsequent Section Fund/Berk IV (2014-2018)
- TIIN Purchase-Out & Progress Fund (2007-2020)
- European Cyber Tech Fund V (2023-Current)
“This funding aligns completely with our give attention to protection and safety,” says Alex Bos of InnovationQuarter. “Inside a broad public-private ecosystem, through which we collaborate amongst others with the Ministry of Defence, we’re fostering technological innovation within the discipline of safety. Cybersecurity is an more and more necessary a part of this. Via our funding in TIN Capital’s fund, we offer European, and particularly Zuid-Holland-based, startups and scale-ups with entry to the essential development capital that’s nonetheless missing within the cybersecurity sector.”
TIN Capital believes that Europe can now not delay investing in high-quality, European cybersecurity options. The urgency to boost digital resilience and develop strategic applied sciences rooted in Europe is strongly felt within the Netherlands – based on TIN Capital.
Jeffrey Williams from ROM Regio Utrecht provides: “With its central location, sturdy data establishments, and a rising cluster of firms and expertise, Utrecht Area is a pure driver of digital resilience. Our funding in TIN Capita’s fund aligns with that position and strengthens the broader cybersecurity ecosystem.”
The fund is ready to spend money on 12 startups with the potential to grow to be a pacesetter of their phase.
