What Cyprus Business Angels Network does

Cyprus Business Angels Network (CYBAN), founded by Andreas Koupparis in 2013, is the only angel investment network in Cyprus. It operates a two-sided marketplace that connects early-stage Cypriot startups with a curated membership base of high-net-worth individuals, entrepreneurs, board members, and finance professionals, while serving startups with screening, investor readiness support, and introduction services. Core activities include quarterly Company Presentation Events held in Nicosia, a members-only CYBAN Dashboard launched in October 2024 in partnership with equity crowdfunding platform Crowdbase, and consulting services for portfolio and prospective companies. The network screens 100+ business plans per year and selects roughly 15 to present to members, having facilitated over €4.75M of investment across approximately 11 portfolio companies since inception, including NIPD, Studentlife, Teachngo, Yumbles, 11pets, Stagedoor, Bottega Amaro, Maria Aristidou, Istorja, AIGAION House, and Trends.

CYBAN generates revenue through three streams: annual membership fees of €500 for individuals and €1,500 for corporate members, a 5% success fee on capital raised via introductions, and ancillary consulting and EU project co-funding. The organization is a member of the European Business Angels Network (EBAN) and GBAN, and has participated in EU-funded projects SCIENT (2015) and SPRING (2019). CYBAN played an instrumental role in shaping the Cyprus Income Tax Law Amendment (Law 135(I) of 2016) that established tax incentives for angel investing in the jurisdiction. Strategic partners include Crowdbase, Kinisis Ventures, 33EAST, Eurobank Cyprus, and PwC.

The organization is small (1–10 employees) and based in Nicosia, operating with a lean cost structure and a long-tenured, community-led model. Its strategic posture has shifted modestly toward digital infrastructure and pan-European programming through the Dashboard launch and EU project participation, while retaining its position as the principal — and sole — formally organized angel-investment venue in Cyprus.

Name

Cyprus Business Angels Network

Legal name

Cyprus Business Angels Network

Website

https://cyban.com.cy

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Cyprus Business Angels Network (CYBAN) is the only angel investment network in Cyprus, connecting early-stage startups with HNW individual and corporate investors through curated pitch events, a members-only Dashboard, and success-based fees.

Ownership category

akta.pro rank

Product category

Angel Investment Network

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investing network
• Early-stage investment
• Startup funding
• Private investor network
• Venture capital Cyprus

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Membership Fees: Individual investors pay €500 per year for membership, while corporate members (VCs, family offices, investment companies) pay €1,500 per year. This provides access to deal flow, networking events, and investment opportunities.
2. Success Fees: CYBAN charges a 5% success fee on funds raised through introductions made by the network, paid upon completion of the funding process. No upfront fees are charged for business plan review, initial meetings, or pitch presentations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Cyprus Business Angels Network is a member-based angel investing organization that connects private angel investors with early-stage Cyprus-based startups seeking seed and pre-seed capital. It curates deal flow, hosts quarterly Company Presentation Events, and operates a member-only digital dashboard (CYBAN Dashboard) to surface investments and manage member engagement. Members pay annual subscription fees and CYBAN charges a success fee on capital successfully raised through network introductions.

Product overview

Cyprus Business Angels Network (CYBAN) operates as a single unified angel investment platform serving as the only Angel Investment Network in Cyprus. The core offering consists of an angel investment network connecting innovative startups with experienced angel investors, supported by quarterly Company Presentation Events, a consulting services division for startup support, and a dedicated CYBAN Dashboard (developed with Crowdbase) for investor management. CYBAN has invested over €4.75M in 11 portfolio companies across diverse industries including biotechnology (NIPD Genetics), student services (StudentLife), SaaS (Teachngo), e-commerce (Yumbles, Istorja), pet care (11Pets), entertainment (Stagedoor), hospitality (Bottega Amaro), fashion (Maria Aristidou), and more. The organization also participates in EU projects including SPRING (family business succession) and SCIENT (entrepreneurship for PhD students).

Differentiator

Problem solved

Functional benefit

Products and services

• CYBAN Membership (Individual and Corporate Angel Investor Memberships) Annual membership program granting individual angel investors (€500/year) and corporate members (€1,500/year) access to curated deal flow, pitch events, and network resources in Cyprus.
• Quarterly Company Presentation Events Quarterly pitch events held in Cyprus where pre-screened early-stage startups present to CYBAN's angel investor members for potential seed and pre-seed investment.
• CYBAN Dashboard A member-only digital dashboard (developed with Crowdbase) that gives CYBAN angel investors a centralized view of deal flow, startup profiles, and investment opportunities surfaced through the network.

Quantifiable outcome

• 10 of 11 invested companies remain operational and some are doing exceptionally well
• +1 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• CrowdbasecoreTechnology or Integration · 8 October 2024CYBAN collaborated with Crowdbase to launch an exclusive angel investor dashboard. This innovative platform serves CYBAN's network of angel investors, providing seamless access to investment opportunities, news, event details, and updates in a single user-friendly interface. Crowdbase is an equity crowdfunding platform licensed by CySEC.
• EBAN (European Business Angels Network)coreOthersCYBAN is a full member of EBAN, the pan-European representative for early stage investors, with over 150 member organizations in more than 50 countries. CYBAN organizes angel investing workshops where experienced investors from EBAN share knowledge with members.
• GBAN (Global Business Angels Network)coreOthersCYBAN is a full member of GBAN, a global community of business angel networks coordinated by the Global Entrepreneurship Network (GEN), which interfaces with entrepreneurs, policymakers, early-stage finance actors, and leading entrepreneurial support programs.
• PwCminorOthersProfessional services firm that provided assistance to CYBAN's operations and startup ecosystem development in Cyprus.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• New York Angels: Active, selective angel network in a major financial center with a curated screening process and member pitch events; comparable to CYBAN in operating model if not in geographic scale.
• Golden Seeds: Angel network with a curated screening process and member pitch events targeting high-growth startups; mirrors CYBAN's selective 15-of-100 approach to deal selection.
• Alliance of Angels: Pacific Northwest angel network that runs monthly pitch sessions and syndicates investments among members; functionally comparable to CYBAN's quarterly events and member-driven deal flow.
• Keiretsu Forum: One of the world's largest angel investor networks with chapters across the US and globally; the most direct analogue to CYBAN's model of organized angel syndicates investing in early-stage companies.
• Tech Coast Angels: One of the largest US angel networks that screens and presents curated startup pitches to member investors through regular events—structurally identical to CYBAN's quarterly Company Presentation Events.
• Cambridge Angels: UK-based angel network associated with the Cambridge tech ecosystem that syndicates early-stage investments through a vetted membership model, comparable in structure and target-stage focus to CYBAN.
• Band of Angels: Silicon Valley-based angel group that screens and syndicates early-stage investments; operates an exclusive membership model closely comparable to CYBAN's curated deal flow approach.

Broad incumbents

• European Business Angels Network (EBAN): Pan-European trade body of which CYBAN is a full member; EBAN sits above individual country networks as a broad incumbent in the same ecosystem and provides industry infrastructure CYBAN relies on.
• Global Business Angels Network (GBAN): Global umbrella community coordinated by the Global Entrepreneurship Network (GEN) that connects business angel networks worldwide; CYBAN is a full member and uses this affiliation for international visibility.

Others

• Crowdbase: CySEC-licensed equity crowdfunding platform that partnered with CYBAN to build its investor dashboard in 2024; an enabling technology peer rather than a direct competitor, but a potential disintermediation vector.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fileminders
• Facebookfacebook.com/CyprusBusinessAngelsNetwork
• LinkedInlinkedin.com/company/cyban-cyprus-business-angels-network-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cyprus Business Angels Network