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# Cyprus VC firm 33East launches with EUR 26 million EIF backed first close
- URL: https://sovereigntymonitor.eu/news/2025-02-27-33east-eif-cyprus-fund-launch/
- Published: 2025-02-27T12:00:00.000Z
- Updated: 2026-10-25T05:02:11.000Z
- Description: Cyprus venture firm 33East held its official launch with the European Investment Fund and EIB, confirming a EUR 26 million first close for pre-seed and seed startups, the EIF's first Cypriot VC investment.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, #news, #reported, #ai-drafted

Reported AI-drafted [Cyprus Mail, 28 February 2025](https://cyprus-mail.com/2025/02/28/33east-fund-launch-unites-cyprus-startup-ecosystem?ref=sovereigntymonitor.eu)

**What it does not test.** Does not establish the fund's final target size or how many startups have so far received capital.

**How this item counts.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)