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Cyprus-Based Avanti Raises €300,000 Through Crowdfunding On Crowdx

by THEFUTURE.TEAM

September 17, 2024

Cyprus-based startup Avanti has successfully raised €300,000 through the crowdfunding platform Crowdx, marking a significant milestone in its growth journey. The funding round highlights the growing role of crowdfunding in the local startup ecosystem and Avanti’s potential to scale within the competitive tech landscape.

Avanti, which focuses on developing cutting-edge solutions in the travel and hospitality industry, attracted wide interest from both local and international investors. The successful crowdfunding campaign demonstrates the increasing confidence in Cyprus’ startup ecosystem and the willingness of individual investors to back innovative ventures.

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A Strategic Funding Move

Crowdfunding has become an increasingly popular financing mechanism for startups seeking to raise capital without relying on traditional venture capital or bank loans. Avanti’s decision to raise funds through Crowdx is particularly strategic, as it allowed the company to leverage a broad base of investors while also fostering a community around its brand.

The €300,000 raised will be directed towards product development, expansion efforts, and scaling its operations across new markets. The company is poised to enhance its offerings in the travel-tech sector, focusing on improving the customer experience and creating digital solutions tailored to the evolving needs of the hospitality industry.

The travel and tourism industry is undergoing a digital transformation, driven by changing consumer behaviour, sustainability demands, and the need for enhanced operational efficiency. Startups like Avanti, which are nimble and innovative, are in an ideal position to take advantage of these shifts, positioning themselves for growth in a rapidly evolving market.

A Boost for Cyprus’ Startup Ecosystem

Avanti’s successful crowdfunding campaign is also a reflection of the maturing startup ecosystem in Cyprus. While traditionally dominated by sectors like tourism and financial services, the island is increasingly becoming a hub for tech startups, bolstered by supportive government policies and growing access to funding.

Crowdfunding, in particular, has emerged as a critical funding avenue for Cypriot startups. Platforms like Crowdx have facilitated easier access to capital for early-stage companies, offering an alternative to more traditional forms of fundraising. This trend signals the growth of Cyprus as a hub for tech-driven innovation and entrepreneurship.

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Cyprus: A Global Leader in Longevity and Healthcare Efficiency

by News Editor

May 9, 2025

In an eye-opening study conducted by renowned universities Brown and Harvard, Cyprus emerges as a global leader in longevity while maintaining low healthcare expenditures. The study, led by Cypriot professor Irini Papanikola, uncovers insightful data on Cyprus’s healthcare efficiency.

Key Findings

Published in the prestigious Journal of the American Medical Association Internal Medicine, the study highlights that Cyprus boasts some of the lowest mortality rates among high-income countries while ensuring affordable healthcare. This research has drawn significant attention, featured in media outlets across America and Europe.

Understanding Avoidable Mortality

The study examines avoidable mortality (deaths preventable through timely healthcare) across U.S. states and 40 high-income countries from 2009 to 2021. Remarkably, Cyprus presents some of the lowest avoidable mortality rates, showcasing the efficiency of its healthcare system even amid global challenges such as the COVID-19 pandemic.

Trends and Challenges

From 2009 to 2019, most high-income countries saw a decrease in avoidable mortality; however, this trend reversed for many, including Cyprus, during the pandemic years. The findings emphasize the critical role of robust public health systems in sustaining positive health outcomes.

The Path Forward

Despite the pandemic, Cyprus’s overall performance remains commendable. To achieve success, experts suggest addressing broader health determinants, focusing on preventive measures like road safety and mental health support through collaborative efforts.

Conclusion

Overall, Cyprus stands out as a beacon of healthcare efficiency, managing to reduce avoidable mortality with relatively low costs. This achievement underscores the country’s adeptness in providing high-quality healthcare, although continued research into population needs is vital for ongoing improvements.