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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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Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.