Kinisis Ventures has announced the launch of KVF II. This is a new investment vehicle similar to KVF I and comes closely after the recent tie-ups with investors from the USA. The beginning of KVF II is a primary achievement in the continuous improvement of the startup ecosystem in Cyprus and opportunities that can be developed further.
Introduction of KVF II
Kinisis Ventures is a business accelerator with a significant focus on the Cypriot market, which has helped numerous local startups. The launch of KVF I, the first Cyprus-based VC fund to be licensed by CySEC for investment in Cyprus-based startups, opened the door for institutional and private capital into the ecosystem. The positive outcome realized through KVF I and engaging partnerships of the United States made it possible with the introduction of KVF II.
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The Cyprus Equity Fund was recently established and the CyBAN was reshaped last year, which have been major steps to increase local participation and investment. These evolutions have offered the right impetus to move from the investment phase of KVF I to the value-added phase and enhance the basis of KVF II.
Vision and Mission of KVF II
KVF II’s investment is expected to benefit from the positive trends revealed in the startup industry of Cyprus, as well as the cooperation with new American investors. The fund primarily focuses on sourcing, supporting, and preparing budding startups that have the potential for disrupting industries, shifting markets, and generating successful exits within the US market.
Chris Droussiotis, another partner at Kinisis Ventures, said that the launch of the KVF II fits the partners. As a continuation of its mission to assist startups in attaining growth in the United States, Kinisis Ventures plans to use capital, expertise, and collaboration to enhance the experience of its portfolio companies. As for the investment approach, one of the best examples is Threedium, which was on the KVF I list since its early stages and has already shown incredible results, with a major part of its revenues coming from the USA.
Expanding Partnerships with the US-based Investors
The involvement of US-based investors is integral to KVF II’s strategy. In this way, by being more active around the target investors based in the US, co-investment, and deal-flow reviews, Kinisis Ventures seeks to deliver additional value to its portfolio firms. The team of Kinisis Ventures with experienced multi-disciplinary background together with the company’s proximity to New York co-investors is a huge competitive strength in sourcing and supporting promising startups.
Yiannos Georgiades, an adviser at Kinisis Ventures, noted that such arrangements are valuable offers for incubation and funding for commercialization under one entity. This integrated model enhances the delivery of support systems to the startups to facilitate their expansion and meet growth milestones.
Collaboration between Kinisis Ventures and its Investors
The collaboration between Kinisis Ventures and its investors can result in the creation of new approaches and achievements in different sectors. While Kinisis Ventures can gain information from its partners, the firm can work with these partners to explore new opportunities and advance the state of the art to create value for its portfolio companies.
Conclusion
The launch of Kinisis Venture Fund II represents a major achievement in the constant strive to improve the conditions of the Cypriot startup environment. With a strong focus on US partnerships and the success achieved by KVF I, Kinisis Ventures is assured to foster further advancement in the sector. As KVF II moves into this new phase of its growth the tech world will be waiting to see the role it is to play in the future of startups not only in Cyprus but also on a global level.
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