Accel leads $11m series-A for Tines

Index Ventures and previous backer Blossom Capital also took part in the investment.

The funding is an extension of the $4.1m series-A round led by Blossom Capital in October 2019.

Tines intends to use the fresh capital to scale up its team in Dublin, further develop its platform and enlarge its customer base in the US and Europe.

In addition, part of the financing will be used to build up the company's commercial and engineering teams, including in-house research and development units.

Accel is currently investing via Accel London VI, which closed on $575m in May 2019. The vehicle invests in early- and growth-stage companies based across Europe and Israel, operating in the software-as-a-service, e-commerce and IT sectors. The VC firm's previous investments include Spotify, BlaBlaCar, Monzo, Deliveroo, Prezi, Supercell and Rovio.

Company
Founded in 2018 and based in Dublin, Tines is a cybersecurity automation specialist that provides security analysts with a platform to automate their manual tasks. The company claims to have already built a customer base composed of more than 10 companies operating in a wide variety of sectors, including Box, Auth0 and McKesson.

People
Accel – Seth Pierrepont (partner).
Index Ventures – Shardul Shah (partner).
Tines – Eoin Hinchy, Thomas Kinsella (co-founders).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Accel Ventures
• Index Ventures
• Ireland
• Venture