Kinisis Ventures Launches KV Fund II to Accelerate Cypriot Innovation

by THEFUTURE.TEAM

September 16, 2024

Kinisis Ventures has announced the launch of its new fund, KV Fund II, marking a significant expansion in its mission to foster innovation in Cyprus. With this strategic move, the venture capital firm aims to empower early-stage tech startups and entrepreneurs, positioning itself as a key player in the island’s growing startup ecosystem.

Founded with a vision to support companies that have high growth potential, Kinisis Ventures has long been committed to nurturing the next wave of innovators. The newly launched KV Fund II, with a target size of €50 million, builds on the success of the original fund, which had a crucial role in seeding and scaling several successful startups across Europe and North America. The firm’s latest initiative will focus on providing capital and mentorship to tech companies at critical stages of development, to turn these ventures into globally competitive players.

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Expanding Local Opportunities in a Global Context

KV Fund II represents not only an influx of financial support but also a bridge to international markets. With Cyprus evolving as a tech hub in recent years, the fund offers local startups access to a global network, a significant advantage for emerging companies looking to scale. By focusing on companies that exhibit strong potential for cross-border expansion, Kinisis Ventures is setting the stage for Cypriot companies to integrate into the global tech landscape.

Moreover, the fund aligns well with Cyprus’ strategic objective of fostering entrepreneurship, especially in sectors such as fintech, healthtech, and clean energy. KV Fund II is expected to fuel further growth in these industries, with a focus on disruptive technologies and solutions that address both local and global challenges.

Kinisis Ventures’ decision to expand comes at a critical time for Cyprus, a country that has increasingly attracted attention as an emerging tech ecosystem. Over the last decade, the island has seen a rise in both the number and quality of startups, thanks in part to government-backed initiatives aimed at fostering innovation and entrepreneurship.

The launch of KV Fund II is timely, reflecting Cyprus’ growing reputation as a centre for business and innovation. The fund’s focus on early-stage startups will likely stimulate further growth and innovation, positioning Cyprus as a key player in the global tech scene.

With the continued support of venture capital firms like Kinisis Ventures, Cyprus is poised to strengthen its position as a promising destination for tech investment and innovation. The future of the island’s tech ecosystem looks bright, and KV Fund II is set to play a pivotal role in shaping that future.

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Aegean Airlines Reports Higher Revenue And Profit In 2025

by THEFUTURE.TEAM

March 12, 2026

Financial Performance Overview

Greek air carrier Aegean Airlines delivered a solid financial performance in 2025, reporting increased revenue, profits, and passenger volumes as it advanced its expansion strategy. The consolidated revenue rose by 5% to reach €1.86 billion for the year, buoyed by a combination of network growth and heightened winter demand.

Expansion Strategy And Market Position

Capacity growth remained a central part of the airline’s strategy. Aegean Airlines offered 21 million available seats across domestic and international routes in 2025, representing a 6% increase compared with the previous year. The airline also expanded capacity during traditionally weaker travel periods to reduce the impact of seasonality. As a result, the annual load factor reached 82.5%, while total passenger traffic increased to 17.3 million, nearly one million more than in 2024.

Profitability And Dividend Proposal

Operating performance improved during the year. EBITDA reached €421.5 million, while pre-tax profit rose 17% to €192.1 million. Net profit increased 14% to €147.8 million. Additional costs related to European environmental regulations and the use of Sustainable Aviation Fuel added €43.3 million to operating expenses during the year. Lower fuel prices and a favorable euro exchange rate helped offset part of this impact. The board of directors has proposed a dividend of €0.90 per share, which will be submitted for approval at the upcoming annual general meeting.

Outlook Amid Geopolitical Volatility

Chief executive Dimitris Gerogiannis said the airline’s performance in 2025 was supported by network expansion, the delivery of new aircraft and higher capacity during off-peak travel periods. Looking ahead, he noted that rising geopolitical tensions in the Middle East could affect operations. Flights to the region represent approximately 4–5% of the airline’s total scheduled activity, and disruptions could influence demand and fuel costs. Higher fuel prices are expected to affect performance during the first quarter. Nevertheless, strong cash reserves and existing fuel hedging strategies are expected to help the airline manage potential volatility.

Debt Repayment And Financial Stability

The company also strengthened its balance sheet by repaying a €200.3 million common bond loan on March 12, 2026. The payment settled all obligations linked to the bond issued in March 2019. By the end of 2025, Aegean Airlines reported €955.1 million in cash, cash equivalents and financial investments, highlighting a strong liquidity position.

Conclusion

Aegean Airlines’ performance in 2025 reflects a well-executed blend of strategic expansion and fiscal discipline, positioning the carrier for continued success despite a challenging global environment. The company’s ability to sustain operational efficiency and profitability while managing external risks sets a compelling example for the aviation industry as it navigates an era of heightened market uncertainties.

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