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)Featured
Mobile game developer.
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Latest Funding
$3.3 Million · Seed
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Employees
1 to 10
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Investors
The Games Fund, GEM Capital
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Business Model
B2C
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Industries
Gaming, Mobile
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Locations
Limassol
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Contact
•••••@madeonearth.games
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Featured
Skilling provides forex, market, trading platforms, and financial services.
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Latest Funding
$11 Million · Seed
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Employees
11 to 50
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Investors
Optimizer Invest
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Business Model
B2B, MARKETPLACE
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Industries
Fintech, Investing
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Locations
Nicosia
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Contact
•••••@skilling.com
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Featured
a leading multi-dealer electronic marketplace for institutional participants and a trading solutions provider for crypto markets
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Latest Funding
$5.5 Million
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Employees
11 to 50
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Investors
Shima Capital, G1 Ventures
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Industries
Fintech, Crypto & web3
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Locations
Limassol
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Contact
•••••@finerymarkets.com
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List of 26 top tech companies in Cyprus
Get access to the Seedtable database with +15k companies (26 from Cyprus)ZoidPay is a crypto card that enables users to perform peer-to-peer transactions and in-store payments.
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Latest Funding
$75 Million
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Industries
Fintech, Crypto & web3, Payments
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Locations
Nicosia
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Employees
51 to 100
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Business Model
B2C
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Contact
•••••@zoidpay.com
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Developer of MMO action games for mobile.
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Latest Funding
$3 Million · Seed
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Industries
Gaming, Mobile
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Locations
Nicosia
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Employees
11 to 50
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Business Model
B2C
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Investors
Play Ventures
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Contact
•••••@jarvigames.com
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Create and sell online courses, all-in-one
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Latest Funding
$32 Million · Series A
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Industries
Edtech, Ecommerce
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Locations
Limassol
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Employees
101 to 250
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Business Model
B2B, SAAS
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Investors
Insight Venture Partners
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Contact
•••••@learnworlds.com
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Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and artificial intelligence.
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Latest Funding
$38 Million
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Locations
Nicosia
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Employees
51 to 100
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Contact
•••••@hellasdirect.gr
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Bryq provides human resources services.
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Latest Funding
$4 Million · Seed
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Industries
Hiring and Recruitement
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Locations
Nicosia
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
No Such Ventures
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Contact
•••••@bryq.com
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One verification platform to secure the whole customer journey
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Latest Funding
$6 Million · Series A
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Industries
Fintech, Legal Tech, Cybersecurity, Privacy and Security, Mobility & Transportation, Identity Management
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Locations
Limassol
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Employees
251 to 500
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Business Model
B2B, SAAS
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Contact
•••••@sumsub.com
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Malloc is a privacy and data security startup backed by Y Combinator. Malloc's Antistalker protects your phone from spyware.
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Latest Funding
$2 Million · Seed
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Industries
Mobile, Privacy and Security
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Locations
Nicosia
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Y Combinator
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Contact
•••••@mallocprivacy.com
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We’re solving the toughest payment challenges to deliver growth-ready payment infrastructure.
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Latest Funding
$2 Million
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Industries
Fintech, Mobile, Payments
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Locations
Limassol
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@bridgerpay.com
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Construction management software for SMBs.
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Latest Funding
$1.3 Million · Pre Seed
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Industries
Proptech & Real Estate
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Locations
Nicosia
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@buildbuild.io
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AI-powered social media listening and image recognition platform, trusted by 600+ major brands and agencies worldwide.
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Latest Funding
$2 Million · Series A
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Industries
AI, Machine Learning, Media and Entertainement, Data and Analytics, Sales and Marketing, Business Intelligence
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Locations
Limassol
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Employees
101 to 250
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Business Model
B2B, SAAS
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Investors
Investment AB Kinnevik, VNV Global
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Contact
•••••@youscan.io
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ZERO10 is the leading AR-fashion platform providing innovative tech solutions for brands entering the digital world.
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Latest Funding
$1.5 Million · Pre Seed
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Industries
CPG & Consumer Goods, AR / VR, Fashion, Mobile
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Locations
Limassol
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@zero10.app
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Eschatology Entertainment is a Cyprus-based game developers that creates an immersive hardcore experiences in a unique living game world.
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Latest Funding
$4 Million
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Industries
Gaming
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Locations
Nicosia
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Employees
11 to 50
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Contact
•••••@eschatologyentertainment.com
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Promed Bioscience is a provider of manufacture and supply of highly purified research and medical grade collagen from animal tissue.
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Latest Funding
$800 Thousand
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Industries
Biotech, Pharma, Manufacturing
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Locations
Limassol
- Employees
-
Contact
•••••@promedbioscience.com
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Mad Curve is a business predective analytics platform.
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Latest Funding
$1.2 Million · Seed
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Industries
Business Intelligence
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Locations
Nicosia
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@madcurve.com
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New way to discover mobile games
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Latest Funding
$400 Thousand · Pre Seed
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Industries
Gaming, Mobile, Media and Entertainement
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Locations
Limassol
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Employees
1 to 10
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Business Model
B2C, MARKETPLACE
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Contact
•••••@skich.app
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The AutoInvest platform that even beginners can use to automatically invest – just like a hedge fund or bank.
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Latest Funding
$1.3 Million · Seed
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Industries
Fintech
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Locations
Limassol
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Employees
1 to 10
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Business Model
B2B, SAAS
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Contact
•••••@vlvt.ai
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Food ordering website for university students
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Industries
Foodtech
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Locations
Nicosia
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Employees
1 to 10
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Contact
•••••@myunifood.com
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Geenio is a SaaS tool for small and medium companies that want to build e-learning processes from the scratch.
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Locations
Nicosia
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Employees
11 to 50
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Contact
•••••@geen.io
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The #1 online booking engine for holiday dialysis.
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Industries
Travel Tech
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Locations
Nicosia
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Employees
11 to 50
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Contact
•••••@booknowmed.com
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SME-Focud one-stop-shop for IT & Digital Marketing Services
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Locations
Nicosia
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Employees
1 to 10
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Contact
•••••@bluefoxtechnology.com
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PlayAmo is a popular online casino platform
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Industries
Fintech, Community & Lifestyle
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Locations
Nicosia
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Employees
11 to 50
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Contact
•••••@playamo.com
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Mobile game developer.
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Industries
Gaming, Mobile
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Locations
Limassol
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Employees
1 to 10
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Contact
•••••@rth.games
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The world lightest and powerful solar energy storage
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Industries
Proptech & Real Estate, Energy & Nuclear
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Locations
Nicosia
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Employees
11 to 50
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Contact
•••••@wattsbattery.com
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