As Cyprus continues to emerge as a hub for innovation and entrepreneurship, its venture capital landscape is becoming increasingly active and diverse. With a strategic position between Europe, the Middle East, and Asia, Cyprus attracts a wide range of investors looking to back innovative startups across various industries. In this article, we spotlight the most active venture capital firms based in Cyprus, exploring their leadership, investment focus, and notable portfolio companies that are driving growth within the region and beyond.

GEM Capital

• 🏦 HQ: Paphos, Cyprus

• 👨‍💻👩‍💻 Leadership: Anatoly Paliy, Roman Gurskiy, Kirill Gurskiy

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Deus Craft, NUVO, TraceAir

Joint Journey

• 🏦 HQ: Limassol, Cyprus

• 👨‍💻👩‍💻 Leadership: Sergey Dashkov

• 🔢 Number of Investments: 100-150

• 🎯Target Stages: Seed to Series B

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: MYR, Electroneek, CheckMe

ULTRA.VC

• 🏦 HQ: Limassol, Cyprus

• 👨‍💻👩‍💻 Leadership: Eugene Valuev

• 🔢 Number of Investments: 10-50

• 💵 Average Investment Ticket: €70K-€300K

• 👜 Notable Portfolio companies: IAWY, Govar, Stry

Cyprus has become a fertile ground for startups, thanks to the growing presence of venture capital firms like Joint Journey, GEM Capital, and ULTRA.VC. These investors are playing a pivotal role in accelerating innovation and nurturing the next generation of global companies. As these firms continue to expand their portfolios, Cyprus is poised to further establish itself as a key player in the global VC ecosystem, fostering opportunities for both local and international entrepreneurs.