Key Takeaways
- • Cyprus Mail profiles six organisations shaping the island's startup ecosystem: Kinisis Ventures, 33East, Crowdbase, ASBIS, Galactic Beacon and Innoport, spanning venture capital, crowdfunding, corporate investment and accelerators.
- • 33East's inaugural fund completed a second closing in January 2026, reaching €35 million, according to the firm's published update.
- • Kinisis Ventures' second fund, KV Fund II, invests in pre-seed and seed-stage businesses with typical cheques of €300,000 to €500,000.
- • Crowdbase, authorised by CySEC and holding a European crowdfunding licence, has backed easyBoat (€469,718 from 141 investors) and Snap (€212,061 from 44 investors).
- • ASBIS became a founding corporate partner of Plug and Play Cyprus in April 2026, alongside Tototheo Global, Mastercard and ECOMMBX, in a government-backed initiative.
Summary
Cyprus Mail examines a growing network of investors supporting the island's startup ecosystem, which combines venture capital funds, crowdfunding platforms, corporate investors and accelerators. According to the article, these actors address different constraints facing young businesses, from early funding to customer acquisition and international expansion.
Kinisis Ventures was established to help early-stage businesses with Cypriot links compete internationally, particularly in the United States. Its first fund, Kinisis Venture Fund I, is described as Cyprus' first regulated venture capital fund focused on locally registered startups with international growth potential. The second fund, KV Fund II, is actively investing in pre-seed and seed-stage companies, with typical investments of €300,000 to €500,000. Its portfolio spans three-dimensional technology, biomaterials, sensors and robotics, including Cyprus-based automation company Autonomics.
33East, a Cyprus-focused venture capital firm, was set up to address a shortage of private investment for young companies. Its inaugural fund completed a second closing in January 2026, reaching €35 million, according to the firm's published update. The fund is sector-agnostic, favouring technology businesses with international potential, and provides support on hiring, product development, strategy, branding and later fundraising. An acceleration component is intended for entrepreneurs who need early funding to test an initial concept. The fund has backed Piney, which is seeking growth in the United States.
Crowdbase connects businesses with investors through an online crowdfunding platform. It received authorisation from the Cyprus Securities and Exchange Commission (CySEC) and subsequently obtained a European crowdfunding licence. Its campaigns have covered startups and property projects. Early campaigns included easyBoat, which raised €469,718 from 141 investors, and Snap, which secured €212,061 from 44 investors. Crowdbase says its team invests alongside the community in each campaign. The article notes that crowdfunding carries risks and investors may lose some or all of their capital.
ASBIS, a technology distributor and solutions provider, combines direct investment in companies working in medical diagnostics, robotics, smart devices, environmental technology and artificial intelligence with accelerator support. In April 2026 it became a founding corporate partner of Plug and Play Cyprus, joining Tototheo Global, Mastercard and ECOMMBX in an initiative launched with the Cyprus government. The programme focuses on sectors including financial technology, regulatory technology, gaming, shipping and energy.
Galactic Beacon Ventures is the venture capital arm of Cyprus-headquartered Columbia Group, drawing on the parent's maritime services experience. Its stated interests include maritime, logistics, energy and leisure. Innoport, the venture arm of the Schulte Group, invests internationally, particularly in Europe and Asia, in early-stage companies developing shipping and logistics technology. It has investment team members based in Cyprus, although its focus is global rather than exclusively Cypriot.
Kinisis Ventures was established to help early-stage businesses with Cypriot links compete internationally, particularly in the United States. Its first fund, Kinisis Venture Fund I, is described as Cyprus' first regulated venture capital fund focused on locally registered startups with international growth potential. The second fund, KV Fund II, is actively investing in pre-seed and seed-stage companies, with typical investments of €300,000 to €500,000. Its portfolio spans three-dimensional technology, biomaterials, sensors and robotics, including Cyprus-based automation company Autonomics.
33East, a Cyprus-focused venture capital firm, was set up to address a shortage of private investment for young companies. Its inaugural fund completed a second closing in January 2026, reaching €35 million, according to the firm's published update. The fund is sector-agnostic, favouring technology businesses with international potential, and provides support on hiring, product development, strategy, branding and later fundraising. An acceleration component is intended for entrepreneurs who need early funding to test an initial concept. The fund has backed Piney, which is seeking growth in the United States.
Crowdbase connects businesses with investors through an online crowdfunding platform. It received authorisation from the Cyprus Securities and Exchange Commission (CySEC) and subsequently obtained a European crowdfunding licence. Its campaigns have covered startups and property projects. Early campaigns included easyBoat, which raised €469,718 from 141 investors, and Snap, which secured €212,061 from 44 investors. Crowdbase says its team invests alongside the community in each campaign. The article notes that crowdfunding carries risks and investors may lose some or all of their capital.
ASBIS, a technology distributor and solutions provider, combines direct investment in companies working in medical diagnostics, robotics, smart devices, environmental technology and artificial intelligence with accelerator support. In April 2026 it became a founding corporate partner of Plug and Play Cyprus, joining Tototheo Global, Mastercard and ECOMMBX in an initiative launched with the Cyprus government. The programme focuses on sectors including financial technology, regulatory technology, gaming, shipping and energy.
Galactic Beacon Ventures is the venture capital arm of Cyprus-headquartered Columbia Group, drawing on the parent's maritime services experience. Its stated interests include maritime, logistics, energy and leisure. Innoport, the venture arm of the Schulte Group, invests internationally, particularly in Europe and Asia, in early-stage companies developing shipping and logistics technology. It has investment team members based in Cyprus, although its focus is global rather than exclusively Cypriot.
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