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33East is a venture capital firm providing capital and strategic support to early-stage technology companies. Specializing in pre-seed and seed investments from €100,000 to €1,000,000, the firm targets scalable businesses, particularly in deep tech and AI. It focuses on nurturing innovation within Cyprus, preparing portfolio companies for global impact.
Co-founded in early 2024 by Demetrios Zoppos and Yiannis Eftychiou, 33East stemmed from their insight into Cyprus's need for dedicated early-stage venture capital. Zoppos, an entrepreneur and angel investor with over 20 years in tech, and Eftychiou, a seasoned VC professional, combined their expertise to form the firm's strategic approach.
The firm partners with ambitious technical founders linked to Cyprus, building solutions for complex global challenges. 33East's vision is to transform Cyprus into a thriving innovation and entrepreneurship hub. This aims to attract and retain top talent, establishing the region as a key player in the international technology landscape.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 18, 2026 | xmemory | $4.0M Pre-Seed | 33East, AAl VC, Begin Capital, Fly Ventures, Inovia Capital | Alexey Dosovitskiy, Konstantin Vinogradov, Mark Shmulevich, Vadim Barshtak |