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Nicosia's startup ecosystem shows a strong concentration in financial and insurance technology.
For instance, digital insurance company Hellas Direct has raised €85.8M. Crypto payments firm ZoidPay has also secured $75M in funding.
Below is our list of 51 Nicosia startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Hellenic Bank serves as a leading financial institution in Cyprus, providing a wide range of banking services to individuals and businesses. The systemic bank offers personal accounts, loans, and investment products while also delivering corporate and international banking solutions.
Fibery builds a highly adaptable work management platform that unifies disparate company workflows into a single connected space. Their no-code tool is designed to replace a scattered collection of apps and grow with a company's needs.
Hellas Direct has built a digital-first insurance platform that provides car, home, and mobility coverage. The company uses a full-stack model and artificial intelligence to streamline the entire process from underwriting to claims.
Bryq offers a talent intelligence platform designed to help companies make faster and more objective hiring decisions. Their software uses skills-based assessments to identify the best candidates and support internal talent development.
Kea provides a unified Know Your Business (KYB) solution built to power global finance operations. Their platform streamlines compliance for institutions by creating a single verification process across banking, stablecoins, and crypto.
EMBIO Diagnostics develops portable biosensor devices for rapid, on-site chemical analysis. Their platform uses a combination of biotechnology and IoT hardware to deliver real-time results for the food safety, health, and environmental industries.
Investing.com runs a financial platform that gives traders and investors access to real-time data, charts, and news. Their tools cover global markets, allowing users to follow stocks, commodities, and cryptocurrencies in one place.
Eschatology Entertainment develops immersive, hardcore games set within a unique and persistent living world. The studio focuses on creating deep gameplay experiences designed to challenge dedicated players.
ZoidPay offers a crypto card that enables users to perform peer-to-peer transactions and in-store payments. Their platform is designed to provide instant liquidity for crypto assets, making them spendable like traditional currency at merchants.
Ask Wire built a B2B data analytics platform to provide banks, insurers, and investors with actionable real estate insights. Their service focuses on delivering comprehensive property data and market intelligence for markets across the Balkans.
Those ten companies are exciting, but they represent just a fraction of the city's startup activity. Founders are building all sorts of new businesses, with many focusing on gaming, fintech, and media. You'll find companies that are brand new alongside others that have been growing for years. Here are the other startups that are helping define the city's tech landscape.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Gaming | 2024 | $10M | Venture Round | |
| Gaming | 2018 | $1M | Seed | |
| Media | 2013 | €7M | Series A | |
| Education | 2022 | €300k | Pre-Seed | |
| Fintech | 2019 | $21M | Venture Round | |
| Energy | 2006 | $10.6M | Seed | |
| Gaming | 2021 | $3M | Seed | |
| Fintech | 2016 | €10M | Seed | |
| Enterprise | 2023 | €500k | Seed | |
| Crypto | 2016 | $36.5M | Initial Coin Offering | |
| Crypto | 2022 | $15.8M | Undisclosed | |
| Fintech | 2017 | €9.2M | Seed | |
| Enterprise | 2020 | $1.9M | — | |
| AI | 2022 | $1.5M | Seed | |
| Gaming | 1998 | — | — | |
| Media | 2021 | €110k | Seed | |
| Media | 2022 | $550k | Seed | |
| Food | 2017 | €500k | Seed | |
| Media | 2017 | $2.5M | Pre-Seed | |
| Analytics | 2015 | $1M | Seed | |
| Crypto | 2015 | €2.5M | Venture Round | |
| AI | 2018 | $3.6M | Seed | |
| Media | 2019 | — | Series A | |
| Analytics | 2021 | $507k | Seed | |
| Gaming | 2020 | $1M | Seed | |
| Travel | 2023 | $626.1k | Corporate Round | |
| Analytics | 2020 | $830k | Pre-Seed | |
| Enterprise | 2022 | $1.2M | Seed | |
| Sports | 2022 | €969.7k | Equity Crowdfunding | |
| Marketplace | 2023 | €350k | Seed | |
| Crypto | 2014 | $12.5M | Corporate Round | |
| Hardware | 1994 | — | — | |
| Gaming | 2012 | — | — | |
| AI | 2015 | €300k | Venture Round | |
| Healthcare | 2018 | €595k | Grant | |
| Healthcare | 2022 | €212.1k | Equity Crowdfunding | |
| AgTech | 1946 | €175M | Debt Financing | |
| Fintech | 2009 | €50k | Private Equity | |
| Enterprise | 2005 | — | — | |
| AI | 2019 | €630k | Pre-Seed | |
| Hardware | 2016 | RUB15M | Seed |
