cyprus startups — Cyprus startups are establishing themselves within Europe’s tech landscape, showcasing a growing entrepreneurial ecosystem. According to Olga Codina from EU-Startups, the island’s startup scene has matured significantly, as evidenced by ten companies founded since 2021 that reflect this development.
- The growth of these startups demonstrates that Cyprus is carving out a distinct place in Europe’s tech landscape, blending innovation with a rich cultural heritage.
Cyprus startups: Emerging Companies Highlighting Growth
Codina noted that the Southern European startup ecosystem “continues to steadily advance and secure its niche.” While Cyprus may not yet compete with the largest European hubs, it is increasingly fostering entrepreneurial ambition and facilitating cross-border collaboration.
A Strategic Launchpad for Founders
Cyprus’s strategic geographical position at the crossroads of Europe, the Middle East, and Africa provides a unique advantage for local startups. This location allows founders to target multiple markets simultaneously, combining local talent with a global outlook.
Sector Diversity Among Startups
The startups emerging from Cyprus are diversifying across various sectors, including gaming, SaaS, B2B software, Web3, AI, and digital infrastructure. Notably, areas such as EdTech and tourism-related technology illustrate how innovation is flourishing alongside established industries.
Healthcare Innovation with Blood-GPT
Among the notable companies is Blood-GPT, a healthcare startup based in Nicosia, which was founded in 2025. The company is developing an AI platform that analyses blood test results for clinics and telemedicine providers. This white-label application integrates seamlessly into existing workflows, providing instant personalised health recommendations and automated reports. The platform also offers diet and lifestyle guidance based on individual biomarker deviations, aiming to streamline clinical processes and enhance patient care. Blood-GPT has successfully raised €1 million to support its initiative.
Construction Technology: Bolsterup
Another promising company is Bolsterup, launched in Nicosia in 2023. This startup connects developers, contractors, architects, engineers, and suppliers through a shared digital blueprint. By enabling users to create professional portfolios and identify collaboration opportunities, Bolsterup addresses long-standing issues of fragmentation and limited digital visibility in the construction sector. It has raised approximately €506,000 for its growth and development.
A New Wave in Gaming
In the gaming sector, Eschatology Entertainment stands out with its commitment to narrative-driven gameplay. Based in Lakatamia, this studio is currently developing a title set in an atmospheric alternative apocalyptic Wild West, drawing on the expertise of over 65 professionals from eight countries. With a notable history working on acclaimed titles like Half-Life 2 and Dishonored, Eschatology secured €10.2 million in a seed round led by KRAFTON to support its ambition of producing AAA games for a global audience.
EdTech Advancements with Heroes Made
Heroes Made, an EdTech company from Nicosia, integrates emotional intelligence learning into primary education. Founded in 2021, its SaaS platform features over 210 story-based activities and allows teachers to track progress through real-time emotion monitoring. The company has successfully raised around €300,000 and expanded into the US market in January 2024.
Multiplayer Gaming Innovations
KEK Entertainment, established in Limassol in 2021, focuses on creating high-quality multiplayer gaming experiences. The company has raised €9.4 million to develop its first tactical mobile action title, facilitating cross-platform capabilities across mobile devices, PCs, and consoles.
Similarly, Nice Plans Studio, another Limassol-based startup, is working on a fast-paced 3v3 shooter designed specifically for smartphones. The company raised €3.6 million, including a €3 million round in 2025, and is preparing for a Series A funding round to expand its development efforts.
Real Estate Innovations: Placy
In the realm of real estate, Placy is automating workflows related to property sales, management, and short-term rentals. Founded in 2023, its AI agents manage lead generation, property searches, and appointment scheduling across more than 50 languages. The startup has secured €1.28 million in pre-seed funding to further develop its technology.
Health and Wellness Applications
SOULA, another Limassol-based startup, focuses on supporting women during pregnancy and postpartum through its digital health application. Founded in 2021, the platform utilises a chatbot and personalised programmes to enhance maternal wellbeing, having raised €1.2 million to date.
Casual Gaming Ventures with Studio42
Studio42, established in Limassol in 2024, is dedicated to developing casual and hybrid-casual puzzle games. The company employs rapid experimentation cycles, testing up to ten game concepts annually. With €3.2 million in seed funding, Studio42 has successfully moved its first title from concept to live testing within just two months.
Competitive Multiplayer Experiences with Top App Games
Lastly, Top App Games, a multiplayer studio founded in Nicosia in 2024, is developing PvP experiences such as LUDUS: Merge Arena. Players can collect units, build decks, and compete globally in real-time battles. The company has secured €9.3 million to enhance its live operations and expand its international reach.
The growth of these startups demonstrates that Cyprus is carving out a distinct place in Europe’s tech landscape, blending innovation with a rich cultural heritage.
