Aside from being a great destination for beautiful beaches and exciting vacations, Cyprus is also a great destination for startups and investors. Receiving the title as the "Best Worldwide Climb in the Top 50" award at the 2025 Startup Ecosystem Awards, Cyprus has made great strides in advancing nine places in the global ranking of startup ecosystems. For entrepreneurs and startups seeking funding, Cyprus offers a vibrant ecosystem with over 3,000 innovative SMEs and numerous VCs and angel investors. In this article, we have compiled a comprehensive list of VC funds and angel investors in Cyprus that can provide you with the capital you need to excel in this market.
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Venture Capitalist Funds in Cyprus
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2025
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: Nous, Zoe, Plum, Stagedoor, Zencargo
Year of Inception: 2012
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: -
Year of Inception: 2010
Stage: Pre Seed, Seed
Focus: Technology, Digital Health, Mobility, FinTech, AI-enabled Enterprise Software
Notable Portfolio: MEIN, Vault, Perennial AI, Firebolt, Dynamiq, Zeely
Year of Inception: 2017
Stage: Pre Seed, Seed, Series A
Focus: Games & Entertainment
Notable Portfolio: Appmagic, Sad Car Studios, Skickh, Weappy, Gameram
Year of Inception: 2007
Stage: Pre Seed, Seed, Series A
Focus: Technology
Notable Portfolio: Playkot, Belka Games, Mobilipay, HypeAuditor, Wachanga
Year of Inception: 2018
Stage: Pre Seed, Seed, Series A
Focus: Technology, SaaS, Fintech, Cybersecurity, Legal & Legaltech, MedTech, Apps, Marketplace
Notable Portfolio: Ziglu, Vitl, Stratiphy, Zazoo, Fundmypitch, VITL, Lucidity
Year of Inception: 2016
Stage: Pre Seed, Seed, Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: Renova, Zenia, Andata, Vochi, CopyMonkey, Borzo
Year of Inception: 2015
Stage: Seed
Focus: FinTech
Notable Portfolio: Equiti, Genesis Vision, Advanced Markets
Year of Inception: 2019
Stage: Seed, Series A, Series B
Focus: Financial Services
Notable Portfolio: HockeyStack, Adsby, Debite, ikas, Ango Hub
Year of Inception: 2019
Stage: Seed, Series A
Focus: IT Technology
Notable Portfolio: Fluent Forever, Otis, ROOK, HuLoop, Bairro, Adwisely
Year of Inception: 2021
Stage: Seed, Series A
Focus: Healthcare, BioTech, Synthetic Biology, Electronics & Photonics, Robotics / Drones, IoT, AI, Advanced Manufacturing, CleanTech, Aerospace / UAVS, VR/AR/XR, Web3.0 / Blockchain
Notable Portfolio: -
Year of Inception: 2016
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: DailyPay, Raisin, Banuba, Facemetrics, Dronefence
Year of Inception: 2018
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Threedium, Ascanio, Heroes Made, Fit Match, Irerobot
Year of Inception: 2017
Stage: Seed, Series A, Series B
Focus: Gaming
Notable Portfolio: HeroCraft, Reaction Games, Pizza Club Games, Red Hood Games
Year of Inception: 2008
Stage: Seed, Series A, Series B
Focus: Home & Local Services, FoodTech, HealthTech
Notable Portfolio: Cleanly, Miso, Armut, Washmen, TopDoctors
Year of Inception: 2019
Stage: Seed, Series A, Series B
Focus: Online Education, FoodTech, E-commerce
Notable Portfolio: All Right, Bairro, udemy, Flexport, Breadfast
Year of Inception: 2015
Stage: Seed, Series A, Series B
Focus: Technology
Notable Portfolio: Peek, Uber, Hyperloop
Year of Inception: 2017
Stage: Series A
Focus: AdTech
Notable Portfolio: BlockBank, Finom, Wheely, Wayflyer, YANGI, Biotex
Year of Inception: 2016
Stage: Series A, Series B, Series C
Focus: Technology, Web 3.0 & Blockchain, Space & SpaceTech, BioTech & Wellness
Notable Portfolio: Bounty Media, Wyden, Cubios, WOWCube
Angel Investors in Cyprus
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: NIPD Genetics, StudentLife, Stagedoor, Yumbles
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Fluidity, ZeroLend, Elixir, Velar, Ridotto, Monsoon
Closing Thoughts on VCs and Angel Investors in Cyprus
Emerging as an innovation hub in the Mediterranean, Cyprus has made an impressive climb in global startup rankings; achieving the largest improvement among the top 50 startup ecosystems worldwide. The country's strategic location, serving as a gateway between Europe, Asia, and Africa, coupled with its favorable tax regime, has attracted significant venture capital investments. For entrepreneurs seeking funding in Cyprus, the landscape is becoming increasingly promising.
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Frequently Asked Questions on VCs and Angel Investors in Cyprus
How is Cyprus' venture capital and startup ecosystem structured?
Rising from the 15th to 10th place in the the European Innovation Scoreboard with a 39% performance boost in six years, the startup ecosystem in Cyprus is experiencing significant growth. Cyprus is positioning itself as a regional hub for research, innovation, and technology, acting as a gateway to Europe while offering access to high-growth markets. As of 2025, the ecosystem comprises over 3,000 innovative SMEs. Furthermore, the venture capital market in Cyprus is expected to reach US$324.10 million in total capital raised by 2025, with the Later Stage market dominating at a projected volume of US$138.40 million. The country's strategic approach to fostering innovation and entrepreneurship includes targeted funding programs, tax incentives, and talent attraction initiatives. Combined with the country's strategic location, coupled with its robust infrastructure and supportive business environment, Cyprus has attracted international startups and VCs and is projected to generate 25% of new jobs in the tech sector over the next decade.
Which sectors attract the most investment from Cypriot VCs and angels?
Cypriot VCs and angel investors are focusing their investments on the following key sectors:
FinTech
Technology and Software
Gaming
AI and Deep Tech
Blockchain and Cryptocurrency
HealthTech
What investment stages and ticket sizes do Cypriot VCs typically target?
Cypriot VCs typically target early-stage investments, focusing on pre-seed, seed, and Series A rounds. The ticket sizes vary depending on the stage and the specific VC firm. For pre-seed and seed rounds, investments generally range from €50,000 to €500,000, with some VCs like Bigspace Investments offering up to €100,000 for these early stages. For Series A rounds, the investment amounts can be significantly higher, potentially reaching €1-2 million or more. GEM Capital, for instance, targets investments of $1-2 million as an initial equity investment for pre-seed, seed, and Series A stages. It's worth noting that the Cypriot VC ecosystem is still developing, with a limited number of local VC firms. Some international VCs with a presence in Cyprus, like TA Ventures, may offer larger ticket sizes and invest in later stages as well, potentially up to Series B or beyond.
What are the alternatives to VC and angel investment for startups in Cyprus?
Startups in Cyprus can explore several funding alternatives:
Crowdfunding: Platforms like Crowdbase offer investment-based crowdfunding.
Public Sector Grants: Various grants are available through governmental structures.
Accelerators and Incubators: Organizations like Cyprus Seeds, IDEA Innovation Center, and ARIS provide support and potential funding.
EU Funding Programs: Various EU-backed initiatives offer funding opportunities.
How can a startup connect with angel investors and VCs in Cyprus?
To connect with angel investors and venture capitalists (VCs) in Cyprus, consider the following steps:
Engage with CYBAN (Cyprus Business Angels Network): CYBAN is the only established angel network in Cyprus which offer opportunities to pitch to investors and provide mentorship and networking support
Participate in Cyprus International University's StartUp Studio (CIUSS): CIUSS offers mentorship, funding opportunities, and networking events to support startups
Utilize investor databases such as Angel Match, AngelList, EquityNet, Vestbee.
Attend industry events, workshops, and seminars
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