European Investment Fund invests in TIN Capital’s Cybersecurity Fund

• Invest-NL increases its commitment; joint mission to make Europe more digitally secure and autonomous

Amsterdam – The European Investment Fund (EIF) has invested €20 million in TIN Capital’s European Cyber Tech Fund V, strengthening the fund’s position as a leading investor in European cybersecurity scale-ups. Apart from the EIF as cornerstone investor, Invest-NL has joined with an additional commitment, following its earlier participation. Alongside these institutional partners, regional investment funds, family offices, and private investors - such as successful entrepreneurs from Europe’s cybersecurity sector - are also participating.

With EIF’s participation, which is supported under the European Commission’s InvestEU programme, the fund has achieved a final closing of over €80 million, providing significant capacity to invest in promising European cybersecurity companies ready to take their next growth step

The involvement of EIF and Invest-NL underscores TIN Capital’s mission to contribute to a safer, more resilient, and more autonomous Europe. The need for this is evident. Europe is facing uncertainties as a result of geopolitical developments and, next to that, European regulations that play a key role in strengthening cybersecurity across the EU, such as NIS2, the Cybersecurity Act (CSA) and DORA, will come into effect in the near future.

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

Since the fund’s first closing, European Cyber Tech Fund V has made several strategic investments that contribute to this overarching goal. These include an investment in a company that uses advanced datasets to provide critical insights for the economic and national security of NATO countries. The fund has also invested in companies that make cybersecurity more efficient and accessible, strengthen the security of software supply chains and cloud infrastructure, and advance the privacy-tech sector—enabling the safe use, sharing, and storage of data for analytics.

In many of these solutions, artificial intelligence (AI) plays a key role in enhancing efficiency, effectiveness, and scalability.

“This investment is about securing Europe’s future in a rapidly changing digital world.” added EIB Group Vice-President Robert de Groot. “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.”

“Cyber security is essential to provide a safe and protected digital landscape for citizens and businesses and to guard critical entities and essential services.” Says Cecilia Thorfinn, Acting Head of Representation of the European Commission in the Netherlands. “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.”

Background information:

The European Investment Fund (EIF), part of the EIB Group, designs venture and growth capital, guarantees and microfinance instruments that absorb part of the risk that is taken by a wide range of selected financial intermediaries when they finance small businesses, individuals, and infrastructure projects, thereby improving access to finance in Europe. This encourages funds to invest, banks to lend, and private investment to be crowded in to boost innovation, competitiveness and climate action, as well as improve sustainability, social impact, and skills. 

Invest-NL is the National Promotional Institution of the Netherlands, committed to driving a sustainable and innovative future. We accelerate and finance major societal transitions in the fields of Agrifood, Biobased & Circular Economy, Deep Tech, Energy, and Life Sciences & Health. As a system player, we connect innovative entrepreneurs, financiers, knowledge institutions, and governments—both in the Netherlands and abroad. We remove barriers, mobilise capital, and help develop emerging sectors. Through capital, expertise, and new financial instruments, we invest in tomorrow’s solutions.

Founded in 1998, TIN Capital is recognized as one of Europe’s leading cybersecurity investors. Driven by the mission to build a safe, prosperous, and cyber-resilient Europe, TIN Capital began investing in cybersecurity in 2018 through its Dutch Security TechFund. In Q4 2023, the firm launched the European Cyber Tech Fund V, focused on supporting European startups and scale-ups that strengthen national, economic, and digital security. The fund targets Series A and B rounds in best-in-class cybersecurity companies on their path to global leadership.

Press contacts:

EIB Group: Tim Smit | +352691 286423 | t.smit@eib.org

Invest-NL: Wander van der Kolk | wander.vanderkolk@invest-nl.nl

European Commission: Koen Blankenstijn | koen.blankenstijn@ec.europa.eu

TIN Capital: Michael Lucassen | lucassen@tincapital.vc | www.tincapital.vc | LinkedIn: www.linkedin.com/company/tincapital/