TIN Capital

TIN Capital benefits from a 25-year-old network that began as a club of 1,000 informal investors and now includes family offices, corporates, and institutional LPs. Its second office sits inside The Hague's Security Delta, Europe's largest cybersecurity cluster, putting the team in daily contact with founders, government agencies, and corporate security buyers. The firm also co-invests regularly alongside other European VCs and is an active member of the European Cyber Security Organization.

TIN Capital is a venture capital firm structured as a professional fund manager. It began in 1998 as an informal investor network and launched its first formal fund in 2006. Since 2018, the firm has operated as a specialist cybersecurity investor based in the Netherlands.

TIN Capital (co-)leads direct funding rounds in European startups and scale-ups. The firm's disclosures emphasize direct equity investments rather than fund-of-funds commitments, and it highlights specific co-investors on its website alongside named portfolio companies.

TIN Capital invests from seed through Series C, requiring a proven product-market fit in the company's home market before writing a check. Ticket sizes range from €1 million to €10 million, depending on the stage and capital need.

Since 2018, TIN Capital has invested exclusively in cybersecurity, IoT security, privacy-enhancing technologies, national and economic security tech, and cyber liability insurtech. It does not allocate to generalist software, consumer internet, or non-security enterprise technology. Earlier legacy portfolio companies in parking tech, medical devices, and shipping automation sit in older vintages and are no longer part of the active strategy.

TIN Capital actively co-invests with other venture capital firms, corporates, and government-backed partners. Its website explicitly lists co-investors and demonstrates a track record of syndicating rounds in its portfolio companies.

Managing partners Michael Lucassen and Maarten Derks lead the firm, bringing 50 years of combined private equity and venture capital experience. The partnership group includes Roel Reijnen, Reinout vander Meûlen, and Bart Houlleberghs — three exited startup founders — providing operator perspective at the investment-committee level.