69 Best Startups in Cyprus to Watch in 2024

The Definitive Seedtable Ranking of Startups in Cyprus

We track 22,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 30 start-ups . with an aggregate funding of $298M. The average funding per company in this subset is $10.0M. The list encompasses 7 founders. 22 executives. It includes data on 29 professionals within these filtered companies.

Last update to the database: Nov 12, 2024. See changelog.

Mika Games

Mobile gaming studio.

GamingMobile

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2023-01-01

Employees:

1 - 10

Seedtable Rank:

# 794

Total Raised: $10.00M

Last Funding: $10.00M (Series A)

Key People:

Peter Zhalau - COO

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Talos Trading

Talos Trading is a developer of institutional-grade technology infrastructure for digital assets trading and support for the full lifecycle of that trading, including price discovery, execution, and settlement.

Financial servicesBlockchain and cryptocurrencyCryptocurrency

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

🇬🇧 London, England

United Kingdom

🇬🇧 Londonderry County Borough, Northern Ireland

United Kingdom

🇸🇬 Woodlands, North West

Singapore

🇺🇸 New York, New York

United States

Founded:

2018-01-01

Seedtable Rank:

# 2507

Total Raised: $105.00M

Last Funding: $105.00M (Series B)

Key People:

Anton Katz - CEO

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Magify

Business intelligence and LiveOps platform for game developers.

GamingSoftware as a service (SaaS)Business intelligence (BI)

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2023-01-01

Seedtable Rank:

# 2507

Total Raised: $1.15M

Last Funding: $1.15M (Seed)

Key People:

Evgeniy Kurenkov - CEO

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LearnWorlds

Create and sell online courses, all-in-one

EdtechEcommerce

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2014-01-01

Employees:

101 - 250

Seedtable Rank:

# 3938

Total Raised: $33.12M

Last Funding: $32.00M (Series A)

Key People:

Panos Siozos - CEO

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ZoidPay

Crypto card enabling peer-to-peer transactions and in-store payments.

FinTechCrypto & web3Payments

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Employees:

51 - 100

Seedtable Rank:

# 3989

Total Raised: $75.00M

Last Funding: $75.00M (Unknown)

Key People:

Mihai Popescu - CTO
Mircea Muscalu - Chief Technology Officer

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Skilling

Platform offering forex trading, market analysis, and financial services.

FinTechInvesting

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Employees:

11 - 50

Seedtable Rank:

# 4707

Total Raised: $11.07M

Last Funding: $11.07M (Seed)

Key People:

Michael Kamerman - Chief Executive Officer

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Hellas Direct

Digital insurance platform offering comprehensive coverage using advanced technology and AI.

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2011-01-01

Employees:

51 - 100

Seedtable Rank:

# 5385

Total Raised: $37.96M

Last Funding: $37.96M (Unknown)

Key People:

Alexis Pantazis - Co-Founder and Executive Director

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BridgerPay

We’re solving the toughest payment challenges to deliver growth-ready payment infrastructure.

FinTechMobilePayments

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2017-01-01

Employees:

11 - 50

Seedtable Rank:

# 5579

Total Raised: $6.00M

Last Funding: $2.00M (Unknown)

Key People:

Yaron Hershcovich - CTO & Co-founder

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ZERO10

AR-fashion platform offering tech solutions for brands to enter the digital world.

CPG & Consumer GoodsAR / VRFashion

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

11 - 50

Seedtable Rank:

# 5579

Total Raised: $4.00M

Last Funding: $1.50M (Pre Seed)

View full profile

#10

YouScan

AI-powered social media listening and image recognition platform, trusted by 600+ major brands and agencies worldwide.

AIMachine learningMedia and Entertainement

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

101 - 250

Seedtable Rank:

# 6093

Total Raised: $2.00M

Last Funding: $2.00M (Series A)

Key People:

Ivan Korneliuk - Chief Technology Officer

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#11

Sumsub

One verification platform to secure the whole customer journey

FinTechLegal TechCybersecurity

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

251 - 500

Seedtable Rank:

# 6093

Total Raised: $6.00M

Last Funding: $6.00M (Series A)

Key People:

Kanayo Agwunobi - PR Manager

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#12

Eschatology Entertainment

AAA games developer.

Gaming

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2022-01-01

Employees:

51 - 200

Seedtable Rank:

# 6185

Total Raised: $15.30M

Last Funding: $4.00M (Unknown)

Key People:

Fuad Kuliev - CEO
Dmytro Kostiukevych - CTO
Boris Nikolaev - COO

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#13

Kek Entertainment

Crossplay mobile gaming platform.

GamingMobile

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2021-01-01

Employees:

11 - 50

Seedtable Rank:

# 6249

Total Raised: $8.00M

Last Funding: $8.00M (Seed)

Key People:

Oleg Poroshin - Co-Founder
Kirill Volkov - Chief Technology Officer

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#14

Made on Earth Games

Mobile game developer.

GamingMobile

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2021-01-01

Employees:

1 - 10

Seedtable Rank:

# 6864

Total Raised: $3.25M

Last Funding: $3.25M (Seed)

Key People:

Yuriy Krasilnikov - Chief Executive Officer, co-founder|Managing Director

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#15

Velvet AutoInvest

The AutoInvest platform that even beginners can use to automatically invest – just like a hedge fund or bank.

FinTech

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

1 - 10

Seedtable Rank:

# 6864

Total Raised: $1.30M

Last Funding: $1.30M (Seed)

Key People:

Jonathan Hirsch - Co-Founder & CMO

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#16

Malloc

Platform that protects your phone from spyware.

MobilePrivacy and Security

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2020-01-01

Employees:

1 - 10

Seedtable Rank:

# 8000

Total Raised: $2.12M

Last Funding: $2.00M (Seed)

Key People:

Maria Terzi - Co-Founder & CEO

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#17

Mad Curve

Platform that provides predictive analytics for businesses.

Business Intelligence

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2022-01-01

Employees:

11 - 50

Seedtable Rank:

# 8254

Total Raised: $1.20M

Last Funding: $1.20M (Seed)

Key People:

Nikita Okan - Chief Executive Officer & Founder

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#18

Jarvi Games

Developer of MMO action games for mobile.

GamingMobile

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2021-01-01

Employees:

11 - 50

Seedtable Rank:

# 8254

Total Raised: $3.00M

Last Funding: $3.00M (Seed)

Key People:

Ihor Lysenko - CTO & Co-Founder

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#19

Finery Markets

a leading multi-dealer electronic marketplace for institutional participants and a trading solutions provider for crypto markets

FinTechCrypto & web3

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

11 - 50

Seedtable Rank:

# 8254

Total Raised: $5.50M

Last Funding: $5.50M (Unknown)

Key People:

Konstantin Shulga - CEO

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#20

Skich

New way to discover mobile games

GamingMobileMedia and Entertainement

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

1 - 10

Seedtable Rank:

# 9132

Total Raised: $0.40M

Last Funding: $0.40M (Pre Seed)

Key People:

Ivan Zenkovich - Co-founder & CPO
Sergey Budkovski - Co-founder & CEO
Vital Ozierski - Chief Technology Officer

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#21

ProMed BioSciences

Promed Bioscience is a provider of manufacture and supply of highly purified research and medical grade collagen from animal tissue.

BiotechPharmaManufacturing

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Seedtable Rank:

# 10029

Total Raised: $0.80M

Last Funding: $0.80M (Unknown)

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#22

Bryq

Platform offering human resources solutions.

Hiring and Recruitement

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2017-01-01

Employees:

11 - 50

Seedtable Rank:

# 10513

Total Raised: $1.42M

Last Funding: $1.42M (Seed)

Key People:

Markellos Diorinos - Co-Founder & CEO

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#23

Obelisk Studio

Independent game development platform.

Gaming

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2022-01-01

Employees:

11 - 50

Seedtable Rank:

# 10513

Total Raised: $2.00M

Last Funding: $2.00M (Pre Seed)

Key People:

Artem Dorokhin - Founder
Alexander Vershinin - Co Founder & Art Director

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#24

buildbuild

Construction management software for SMBs.

Proptech & Real Estate

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2021-01-01

Employees:

11 - 50

Seedtable Rank:

# 10513

Total Raised: $1.25M

Last Funding: $1.25M (Pre Seed)

Key People:

Sergey Buzlanov - Co-Founder & CFO

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#25

MyUnifood

Food ordering website for university students

Foodtech

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2011-01-01

Employees:

1 - 10

Seedtable Rank:

# 17190

View full profile

#26

Blue Fox Technology

SME-Focud one-stop-shop for IT & Digital Marketing Services

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2011-01-01

Employees:

1 - 10

Seedtable Rank:

# 17190

View full profile

#27

Made on Earth Games

Mobile game developer.

GamingMobile

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Founded:

2021-01-01

Employees:

1 - 10

Seedtable Rank:

# 17190

View full profile

#28

booknowmed.com

The #1 online booking engine for holiday dialysis.

Travel Tech

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2017-01-01

Employees:

11 - 50

Seedtable Rank:

# 20536

View full profile

#29

Geenio

SaaS tool for small and medium companies to create e-learning processes from scratch.

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2012-01-01

Employees:

11 - 50

Seedtable Rank:

# 20536

View full profile

#30

Crex24

Cryptocurrency exchange.

Blockchain and cryptocurrencyCryptocurrencyCryptocurrency exchange

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

11 - 49

Seedtable Rank:

# 20536

View full profile

#31

Cryptology

Cryptology is a digital asset trading platform.

Financial servicesFinanceBlockchain

Location:

🇨🇾 Limassol, Limassol District (Leymasun)

Cyprus

Employees:

11 - 49

Seedtable Rank:

# 20536

View full profile

#32

WATTS BATTERY

The world lightest and powerful solar energy storage

Proptech & Real EstateEnergy & Nuclear

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Employees:

11 - 50

Seedtable Rank:

# 20536

Key People:

Yuri Vlasov - Founder and CEO

View full profile

#33

PlayAmo

Online casino platform offering a variety of digital gambling games and services.

FinTechCommunity & Lifestyle

Location:

🇨🇾 Nicosia, Nicosia District (Lefkoşa)

Cyprus

Founded:

2015-01-01

Employees:

11 - 50

Seedtable Rank:

# 20536

View full profile

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69 Best Startups in Cyprus to Watch in 2024

The Definitive Seedtable Ranking of Startups in Cyprus

Location:

Industry:

Mika Games

Talos Trading

Magify

LearnWorlds

ZoidPay

Skilling

Hellas Direct

BridgerPay

ZERO10

YouScan

Sumsub

Eschatology Entertainment

Kek Entertainment

Made on Earth Games

Velvet AutoInvest

Malloc

Mad Curve

Jarvi Games

Finery Markets

Skich

ProMed BioSciences

Bryq

Obelisk Studio

buildbuild

MyUnifood

Blue Fox Technology

Made on Earth Games

booknowmed.com

Geenio

Crex24

Cryptology

WATTS BATTERY

PlayAmo

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