Three Venture Capital investment firms see Cyprus as the next up and
coming global Entrepreneurship hub and as a result they agreed to join
forces to create the 750 million USD Cyprus Fund. Columbia Capital,
Kleiner Perkins and Sequoia Capital announced the fund in an effort to
be the first to land on the island ahead of the tsunami of multitude of
investors planning to join. The funds are attracted by the abundance of
deal flow, the mature ecosystem, the common stakeholder goals, the
expertise and the regulations and legislation conducive to high risk
investments.
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