Piney secures €1.2m to expand its European footprint, showcasing Cyprus as a hub for European startups

Piney, a proud Cypriot startup, has successfully secured €1.2 million in funding, marking a significant milestone for the local entrepreneurial scene.

Founded and launched in Cyprus by a Cypriot team, Piney’s success showcases the island as a growing hub for European startups. Investors include Uni.fund, VENTERI Capital, and an Angel Investor, while YourHero/Douleutaras retains a major stake after helping incubate Piney during its early stages.

A Cypriot Success Story

Piney started with a simple idea: make short-term rental property management easier and more reliable. The company offers a comprehensive suite of services for Short Term Rental Property Managers, like cleaning, laundry, ironing, amenity sourcing, and linen management. Property managers can seamlessly track and manage these services through Piney’s technology platform, ensuring consistent and high-quality results.

What began in Cyprus has grown to support over 1,300 properties across Europe, completing more than 4,000 cleanings per month, always delivering on the principles of efficiency, reliability, and seamless technology integration. Piney currently operates in Cyprus, Greece, and Portugal, and with the latest funding, it’s gearing up to expand into Spain, Italy, and France.

“We are incredibly proud to have built Piney from Cyprus,” said Nicolas Chrysostomou, founder and CEO of Piney. “This funding validates our vision and shows that Cyprus has the talent and ecosystem to launch companies that can thrive across Europe.”

Fueling Growth and Innovation

The €1.2 million investment will drive Piney’s expansion into new markets and accelerate technology development. The company aims to strengthen its customer support, enhance its platform, and grow its supplier network, making its services even more accessible to property managers.

Investors were impressed by Piney’s scalable business model, operational efficiency, and portfolio growth which includes some major European property managers.

“This investment demonstrates the potential of Cypriot startups to excel on a European level,” said Sotiris Papantonopoulos, Unifund. “Piney is proof that with the right ecosystem and approach, startups for any market are capable of producing innovative companies ready to lead in their sectors.”

As Piney enters this exciting new chapter, it remains dedicated to delivering top-tier service to property managers while setting new industry standards.

For more information about Piney, visit www.piney.eu.