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The Startup Ecosystem of Larnaca

Larnaca has 23 startups in our sample database. This represents about 7% of Cyprus’s startups. Larnaca is the 3rd best startup ecosystem in Cyprus.

CITY RANKING

In 2024, the startup scene of Larnaca developed considerably and increased in the Global Ecosystem Index by 216 spots.

National Ranking

3rd
+
1
In Cyprus

Regional Ranking

281st
+
84
In Western Europe

Global Ranking

851st
+
216
Worldwide

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Larnaca Ecosystem Partner logo

Ecosystem

Startup Ecosystem Overview

Startups

Larnaca Top Startup Industries

Fintech icon
Fintech
#268 worldwide

4 startups

Software & Data icon
Software & Data
#733 worldwide

5 startups

Healthtech icon
Healthtech
4 startups

Ecosystem HealthCheck

Larnaca Ecosystem Health Check

The health check tables allow you to look at the performance Larnaca has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global8510194024

ECOSYSTEM

Browse the startup ecosystem database of Larnaca

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Startup Ecosystem Charts

Startup Funding in Larnaca2017 - 2024

Startup Funding in Larnaca 2017 - 2024

From 2022 to 2023, startup funding in Larnaca has decreased by 100%. During this period, the number of deals in Larnaca has decreased by 100%. Since 2017, total startup funding in Larnaca exceeded US$ $2.86M.

Average Funding in 2023

$0.00

Larnaca
Cyprus
-100.00% YoY

Funding in 2023

$0.00

Larnaca
Cyprus
-100.00% YoY

Deals in 2023

0

Larnaca
Cyprus
-100.00% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B02468

Ecosystem

The Startup Ecosystem in Larnaca

Startups in Larnaca excel in Fintech, Software & Data, and and Healthtech. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Larnaca in 2024 is Booknet, SendCrypto, and Spapp Monitoring.

Global Rank

Larnaca is ranked within the top 1000 startup ecosystems globally.

Top Industries

Larnaca’s startups excel particularly in Fintech where it ranks 268 and in Software & Data, and Healthtech. Find out more

Top Cities for Startups in Cyprus - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
+
1
239th
+
192
1.857
00.00
00.00
00.00
2nd
-
1
349th
+
46
1.033
00.00
00.00
00.00
3rd
+
1
851st
new
0.165
00.00
00.00
00.00
4th
-
1
944th
-
130
0.133
00.00
00.00
00.00
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Download CSV file
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Startups

Notable Startups in Larnaca
Booknet startup icon
Booknet
SendCrypto startup icon
SendCrypto
Spapp Monitoring startup icon
Spapp Monitoring

ECOSYSTEM

Why should you join Larnaca's Startup Ecosystem?

Overview

Within Larnaca there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Software & Data, Healthtech. These three industries represent about 57% of the startups represented on the Startup Ecosystem Map of Larnaca.

3rd

National Rank

281st

Regional Rank

Overview

Larnaca is Cyprus' 3rd best startup ecosystem and is ranked 281st in Western Europe. With a population of <0.1M people, Larnaca is ranked 851st in the world. The city has some notable startup success stories including Booknet.

BLOG

Recent Posts

Mon Apr 14 2025

From Service-Based to Product-Based Economy – Lessons from North Macedonia

In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]

Wed Apr 02 2025

Corporate Startup Activity Index 2025

For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index  is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]

Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]