HomeNetherlandsTIIN Capital Holds First Close of Cyber Tech Fund V

TIIN Capital Holds First Close of Cyber Tech Fund V

TIIN Capital

TIIN Capital, a The Hague/ Naarden, The Netherlands-based venture capital firm, held the first closing of its fifth tech fund.

The first closing was closed with support from single family offices and entrepreneurs, including Dutch cybersecurity entrepreneurs Ronald Prins and Menno van der Marel, co-founders of Fox-IT, a prominent global player in the field of cybersecurity.

The final closing of the fund is scheduled for the first half of 2024.

European Cyber Tech Fund V, which has a targeted size of €100m, invests in European cybersecurity scaleups. The firm is committed to supporting the international growth and expansion of European cybersecurity enterprises, with the objective of developing and rolling out ‘made in Europe’ cybersecurity solutions and products.

Fund V has already made an investment in a company in the Netherlands, which is specialized in delivering an AI-powered intelligence platform (OSINT) to governments and organizations worldwide for national and economic security.

Led by Managing Partners Michael Lucassen and Maarten Derks, TIIN Capital has evolved last years into a venture capital investor in European cybersecurity. In 2018, the firm strategically shifted its investment focus from ‘general tech’ to ‘cyber tech’ by launching the Dutch Security TechFund. TIIN Capital’s network of cybersecurity specialists, including Chief Information Security Officers (CISOs), IT security professionals, corporates, governments and entrepreneurs, has expanded across Europe to support fund management by facilitating the exchange of knowledge, scaling experiences and networks, and add value to portfolio companies.

The Dutch Security Tech Fund, the predecessor fund of European Cyber Tech Fund V, invested in eighteen cybersecurity companies and exited four companies in the previous period. Portfolio companies include Eye Security, EcleticIQ, BreachLock, EGERIE, Probely, Syntho.ai and Sygno.