GEOS → Europe → Cyprus

26 Cyprus Startups to Watch (and Work for) in 2023

The momentum in Europe's startup ecosystem is palpable, and Cyprus continues to play a role in this growth story. Last year, Cyprus startups showcased their mettle, attracting investment and generating interest across the globe.

Last year, startups in Cyprus raised $190 Million in capital and so far this year, they've raised $5.8 Million, even though 2023 has seen slower investment activity globally. This is a testament to Europe (and Cyprus's) resilience.

As we get into the end of 2023, we've curated a list of the top Cyprus startups like Made on Earth Games, Skilling and Finery Markets that are making waves. We update this list monthly by tracking 17,000 technology companies in Europe in our database and sort them dynamically using our Seedtable score, ensuring objectivity.

Changelog

Last update: November 2, 2023. Updated the Investor Score. See changelog .

Rankings are calculated using our Seedtable score – a 1 to 100 score that uses quantitative and qualitative data points (examples are money raised or employees over time) to signal the momentum behind a company. A score closer to 100 indicates a company worth watching closely.

Featured companies in Cyprus

Get access to the Seedtable database with +17,000 companies (26 from Cyprus)

Made on Earth Games madeonearth.games

Featured

Mobile game developer.

Latest Funding
$3.3 Million · Seed
Employees
1 to 10
Investors
The Games Fund, GEM Capital
Business Model
B2C
Industries
Gaming, Mobile
Locations
Limassol
Contact
•••••@madeonearth.games
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Skilling skilling.com

Featured

Skilling provides forex, market, trading platforms, and financial services.

Latest Funding
$11 Million · Seed
Employees
11 to 50
Investors
Optimizer Invest
Business Model
B2B, MARKETPLACE
Industries
Fintech, Investing
Locations
Nicosia
Contact
•••••@skilling.com
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Finery Markets finerymarkets.com

Featured

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

Latest Funding
$5.5 Million
Employees
11 to 50
Investors
Shima Capital, G1 Ventures
Industries
Fintech, Crypto & web3
Locations
Limassol
Contact
•••••@finerymarkets.com
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ALL CITIES IN Cyprus

List of 26 top tech companies in Cyprus

Get access to the Seedtable database with +15k companies (26 from Cyprus)

ZoidPay zoidpay.com

ZoidPay is a crypto card that enables users to perform peer-to-peer transactions and in-store payments.

Latest Funding
$75 Million
Industries
Fintech, Crypto & web3, Payments
Locations
Nicosia
Employees
51 to 100
Business Model
B2C
Contact
•••••@zoidpay.com
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Jarvi Games jarvigames.com

Developer of MMO action games for mobile.

Latest Funding
$3 Million · Seed
Industries
Gaming, Mobile
Locations
Nicosia
Employees
11 to 50
Business Model
B2C
Investors
Play Ventures
Contact
•••••@jarvigames.com
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LearnWorlds learnworlds.com

Create and sell online courses, all-in-one

Latest Funding
$32 Million · Series A
Industries
Edtech, Ecommerce
Locations
Limassol
Employees
101 to 250
Business Model
B2B, SAAS
Investors
Insight Venture Partners
Contact
•••••@learnworlds.com
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Hellas Direct hellasdirect.gr

Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and artificial intelligence.

Latest Funding
$38 Million
Locations
Nicosia
Employees
51 to 100
Contact
•••••@hellasdirect.gr
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Bryq bryq.com

Bryq provides human resources services.

Latest Funding
$4 Million · Seed
Industries
Hiring and Recruitement
Locations
Nicosia
Employees
11 to 50
Business Model
B2B, SAAS
Investors
No Such Ventures
Contact
•••••@bryq.com
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Sumsub sumsub.com

One verification platform to secure the whole customer journey

Latest Funding
$6 Million · Series A
Industries
Fintech, Legal Tech, Cybersecurity, Privacy and Security, Mobility & Transportation, Identity Management
Locations
Limassol
Employees
251 to 500
Business Model
B2B, SAAS
Contact
•••••@sumsub.com
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Malloc mallocprivacy.com

Malloc is a privacy and data security startup backed by Y Combinator. Malloc's Antistalker protects your phone from spyware.

Latest Funding
$2 Million · Seed
Industries
Mobile, Privacy and Security
Locations
Nicosia
Employees
1 to 10
Business Model
B2B, SAAS
Investors
Y Combinator
Contact
•••••@mallocprivacy.com
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BridgerPay bridgerpay.com

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

Latest Funding
$2 Million
Industries
Fintech, Mobile, Payments
Locations
Limassol
Employees
11 to 50
Business Model
B2B, SAAS
Contact
•••••@bridgerpay.com
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buildbuild buildbuild.io

Construction management software for SMBs.

Latest Funding
$1.3 Million · Pre Seed
Industries
Proptech & Real Estate
Locations
Nicosia
Employees
11 to 50
Business Model
B2B, SAAS
Contact
•••••@buildbuild.io
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YouScan youscan.io

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

Latest Funding
$2 Million · Series A
Industries
AI, Machine Learning, Media and Entertainement, Data and Analytics, Sales and Marketing, Business Intelligence
Locations
Limassol
Employees
101 to 250
Business Model
B2B, SAAS
Investors
Investment AB Kinnevik, VNV Global
Contact
•••••@youscan.io
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