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Top 55 Cyprus Startups to Watch in 2026

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Cyprus is a growing hub for new companies, particularly in the technology and finance sectors. The island hosts a diverse mix of businesses from early-stage ventures to large, established organizations.

Ride-sharing service inDrive is a leading example, having raised $537M in funding. The ecosystem also includes strong FinTech players like Sumsub, which has secured $37.5M.

Below is our list of 55 Cyprus startups worth keeping an eye on.

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Sumsub builds a full-cycle verification platform to help companies onboard users and prevent fraud. Their solution secures the entire customer journey with customizable checks for identity, documents, and biometric data.

HeadquartersLimassol, Limassol, Cyprus
Year Founded2015
FoundersAndrew Sever, Jacob Sever, Peter Sever, Vyacheslav Zholudev
Funding Amount$37.5M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsFlint Capital

inDrive operates a global mobility platform that puts the power of price negotiation directly into the hands of passengers and drivers. Beyond ride-hailing, their app connects users with a range of urban services, including courier and intercity transportation.

HeadquartersLimassol, Limassol, Cyprus
Year Founded2012
FoundersArsen Tomsky
Funding Amount$537M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusDebt Financing
Top InvestorsGeneral Catalyst, Insight Partners, Bond, LETA Capital

Finery Markets operates a multi-dealer electronic marketplace for institutional participants in the crypto markets. They provide a suite of trading solutions to help institutions manage digital assets and navigate market risk.

HeadquartersLimassol, Limassol, Cyprus
Year Founded2019
FoundersIlia Drozdov, Konstantin Shulga
Funding Amount$5.5M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top Investorsgumi Cryptos Capital (gCC), APA Venture Partners, Unlimit, Floating Point Group, Shima Capital

Simple builds a digital health app that offers AI coaching for intermittent fasting and long-term weight loss. Their platform provides personalized insights to help users build healthier habits and improve their overall wellness.

HeadquartersLimasol, Limassol, Cyprus
Year Founded2018
FoundersAlex Ilinskiy, Mike Prytkov
Funding Amount$40M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsLIQUiDITY Group, Target Global, s16vc, HartBeat Ventures

Fibery builds a no-code work management platform that adapts to a company's unique processes, allowing teams to create their own workspace. The platform connects disparate functions like product, software development, and user feedback to replace a collection of separate tools.

HeadquartersNicosia, Nicosia, Cyprus
Year Founded2020
FoundersMichael Dubakov, Vadim Gaidukevich
Funding Amount$8.3M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsAltaIR Capital, Tal Ventures

Hellas Direct operates a digital-first insurance platform offering car and home policies. Their service uses AI and technology to simplify the entire insurance process for customers, from initial quotes to claims management.

HeadquartersNicosia, Nicosia, Cyprus
Year Founded2011
FoundersAlexis Pantazis, Emilios Markou
Funding Amount€85.8M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsEuropean Bank for Reconstruction and Development, International Finance Corporation, Endeavor Catalyst, Third Point Ventures, Portage Ventures

Bryq builds a talent intelligence platform that helps companies make faster and more objective hiring decisions. Their system uses AI-powered assessments to measure a candidate's skills and personality, moving beyond the traditional resume.

HeadquartersNicosia, Nicosia, Cyprus
Year Founded2017
FoundersAlex Vratskides, Guy Krief, Hassan Chahrour, Markellos Diorinos
Funding Amount$5.4M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsBig Pi Ventures, No Such Ventures
Kea Logo

Kea powers global finance with a single Know Your Business (KYB) solution for banking, stablecoins, and crypto. The platform streamlines compliance by creating one unified verification process for licensed financial entities.

HeadquartersNicosia, Nicosia, Cyprus
Year Founded2023
Founders
Funding Amount€8.5M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsMark Carnegie

EMBIO Diagnostics builds advanced portable biosensors for rapid food safety and environmental testing. Their handheld device uses electrochemical technology to deliver reliable results in minutes, connecting to a cloud platform for immediate data analysis.

HeadquartersNicosia, Nicosia, Cyprus
Year Founded2016
FoundersConstantinos Loizou
Funding Amount$5.1M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsASBISC Enterprises, Asbis, Kinisis Ventures

46 Additional Cyprus Startups Worth Following

Our top picks are just a glimpse into what's happening across Cyprus. Founders are building strong companies in many fields, with gaming and fintech leading the way. Together, these startups have raised hundreds of millions to turn their ideas into reality. Here is a look at the other companies shaping the island's startup community.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
Investing.com logo Investing.comFintech2007$300kSeed
Eschatology Entertainment logo Eschatology EntertainmentGaming2022$15.3MSeries A
ZoidPay logo ZoidPayFintech2017$75MVenture Round
Ask Wire logo Ask WireAnalytics2020€1.7MSeed
Top App Games logo Top App GamesGaming2024$10MVenture Round
GR8 Tech logo GR8 TechGaming2003
Owlcat Games logo Owlcat GamesGaming2018$1MSeed
Covve logo CovveMedia2013€7MSeries A
Heroes Made logo Heroes MadeEducation2022€300kPre-Seed
CAPEX.com logo CAPEX.comFintech2019$21MVenture Round
EnergyIntel logo EnergyIntelEnergy2006$10.6MSeed
Jarvi Games logo Jarvi GamesGaming2021$3MSeed
Skilling logo SkillingFintech2016€10MSeed
Bolsterup logo BolsterupEnterprise2023€500kSeed
Wawllet Enterprises Limited logo Wawllet Enterprises LimitedCrypto2016$36.5MInitial Coin Offering
UnrealKingdoms logo UnrealKingdomsCrypto2022$15.8MUndisclosed
FlexFin logo FlexFinFintech2017€9.2MSeed
Malloc logo MallocEnterprise2020$1.9M
Owlity AI logo Owlity AIAI2022$1.5MSeed
Wargaming logo WargamingGaming1998
Couch Heroes logo Couch HeroesMedia2021€110kSeed
Peech logo PeechMedia2022$550kSeed
Blend logo BlendFood2017€500kSeed
Vestan logo VestanMedia2017$2.5MPre-Seed
Asodesk logo AsodeskAnalytics2015$1MSeed
PlayAmo logo PlayAmoCrypto2015€2.5MVenture Round
SWiP logo SWiPAI2018$3.6MSeed
Headway logo HeadwayMedia2019Series A
NNN Community logo NNN CommunityAnalytics2021$507kSeed
Square Triangle logo Square TriangleGaming2020$1MSeed
eTOLLs EU logo eTOLLs EUTravel2023$626.1kCorporate Round
Avrio logo AvrioAnalytics2020$830kPre-Seed
Mad Curve logo Mad CurveEnterprise2022$1.2MSeed
easyBoat logo easyBoatSports2022€969.7kEquity Crowdfunding
Anymaster logo AnymasterMarketplace2023€350kSeed
Limitless Holding logo Limitless HoldingCrypto2014$12.5MCorporate Round
Gigabyte logo GigabyteHardware1994
Soft2bet logo Soft2betGaming2012
Ascanio logo AscanioAI2015€300kVenture Round
bialoom logo bialoomHealthcare2018€595kGrant
Snap logo SnapHealthcare2022€212.1kEquity Crowdfunding
Unifrutti logo UnifruttiAgTech1946€175MDebt Financing
Shanda Consult Ltd logo Shanda Consult LtdFintech2009€50kPrivate Equity
3CX logo 3CXEnterprise2005
Keeano logo KeeanoAI2019€630kPre-Seed
Game Mavericks logo Game MavericksHardware2016RUB15MSeed

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