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Cyprus Startups Raise More Than €12 Million In Early 2026

by THEFUTURE.TEAM

May 15, 2026

Overview Of An Accelerating Startup Scene

Cyprus’ startup ecosystem recorded strong momentum during the first months of 2026, with seven locally based companies collectively raising more than €12 million across sectors including artificial intelligence, robotics, proptech, fintech and mobile gaming. The funding rounds involved investors from Cyprus, Greece, Latvia and Eastern Europe, highlighting growing international interest in the regional technology market.

Regional Spotlight: Leading Funding Rounds

Aina, headquartered in Limassol, raised $1 million in a seed funding round for its AI-powered recruitment platform focused on automating interviews and hiring processes. The company, founded by Natallia Mikhnovets, said the platform has already supported more than 2,000 interviews and over 300 successful placements.

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Meanwhile, Naoma, based in Nicosia, secured $440,000 in a pre-seed round led by ULTRA.VC with participation from Sparkle Ventures and angel investors. The startup is developing an AI-powered video sales platform designed to provide real-time product demonstrations without scheduled sales calls.

Innovative Developments And Strategic Investments

Autonomics raised $1 million in a bridge round led by Kinisis Ventures through its KV Fund II. The company, working alongside ASBISc Enterprises, develops autonomous cleaning systems powered by its SPARC fleet orchestration platform, which is already operating at the Four Seasons Astir Palace hotel in Athens. At the same time, Resitech secured €640,000 after Athens-listed fintech group Qualco acquired a 34% minority stake in the business. The Nicosia-based company specialises in B2B real estate analytics and data services across Cyprus and Greece.

Scaling Up And Preparing For Summer

In April, Moving Doors raised $6 million in the largest funding round recorded by a Cyprus-based startup so far this year. The Limassol-based proptech company, now under the majority ownership of Greek private equity firm Golden Age Capital, operates a platform managing around 500 serviced apartments across Cyprus, Athens and Dubai, with the acquisition forming part of a broader European expansion strategy targeting 3,500 units.

During the same month, INXY secured an additional $4 million in seed financing led by Flashpoint, bringing its total seed funding to $7 million. The company provides stablecoin and crypto-to-fiat payment infrastructure for sectors including gaming, advertising and SaaS, while Founder and CEO Ruslan Zholik said demand for stablecoin payments increased fivefold this year.

Meanwhile, Soloband Games completed a Series A funding round backed by Zubr Capital, although financial terms were not disclosed. The mobile gaming studio’s flagship title, World Tour Merge, has surpassed one million downloads and was developed with input from industry veterans previously involved with studios including Playrix and Melsoft.

Looking Ahead To The Doers Summit

Attention within the local startup ecosystem is now turning toward the Doers Summit, scheduled for May 21-22 in Limassol, where organisers expect more than 10,000 founders, investors and operators to attend. The event is expected to further strengthen Cyprus’ growing position as a regional hub for startups, investment and technology innovation.

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Lithuania And Cyprus Forge Enhanced Partnership In Tourism And Defence

Expanding Cooperation Beyond The Surface

Kristupas Vaitiekūnas highlighted opportunities for closer cooperation between Lithuania and Cyprus during his visit to Nicosia for the informal ECOFIN meeting. Speaking to the Cyprus News Agency, the Lithuanian finance minister said both countries share common challenges and could expand collaboration in areas including tourism, defence and financial services.

Addressing Shared Challenges

Finance Minister Kristupas Vaitiekūnas said Lithuania and Cyprus face similar security and economic pressures despite their geographic differences. Particular attention was given to emerging security threats, including drone-related risks, alongside the importance of maintaining resilient financial sectors. According to Vaitiekūnas, stronger coordination in those areas could deliver long-term economic and strategic benefits for both countries.

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Focus On Fiscal Stability And Energy Security

Discussions at the ECOFIN meeting are expected to focus on Europe’s economic outlook, energy market volatility and fiscal stability. Kristupas Vaitiekūnas warned that instability in the Middle East could continue affecting oil markets and broader economic performance across Europe. Housing affordability was also identified as a growing challenge, with rising property prices in cities such as Vilnius reflecting broader pressures seen across European markets.

Coordinated Energy Strategy And Future Investments

The Lithuanian finance minister also called for a more coordinated European approach to energy and economic resilience. Vaitiekūnas suggested that targeted and temporary policy measures could prove more effective than large-scale structural reforms in addressing short-term pressures. Lithuania continues to increase investment in renewable energy generation and storage infrastructure as part of efforts to strengthen energy independence and begin producing surplus electricity by 2028.

Support For Ukraine And Enhancing Defence Funding

Finance Minister Kristupas Vaitiekūnas reaffirmed Lithuania’s support for Ukraine, describing the war as a broader struggle tied to European security and democratic values. He also backed accelerating Ukraine’s accession process to the European Union, arguing that deeper integration would strengthen regional stability and economic prosperity. Vaitiekūnas welcomed the EU’s SAFE programme, which is expected to support Lithuania’s defence capabilities while contributing additional assistance to Ukraine.

Looking Ahead To A More Unified Europe

Addressing the European Union’s future budget framework, Kristupas Vaitiekūnas said increased funding for security and defence represented a positive development. At the same time, he warned that reductions in cohesion funding and agricultural support could negatively affect purchasing power and long-term European unity. Lithuania is expected to place continued emphasis on Ukraine and regional security ahead of its upcoming EU Council Presidency in early 2027.