In a major boost for the Cypriot startup ecosystem, Svelta Ltd. has successfully closed its latest funding round, securing €850,000 from a group of experienced angel investors. The investment reflects the growing role of angel capital in fuelling innovation in Cyprus and comes shortly after the company’s appearance on Dragons’ Den Greece, underscoring confidence in Cyprus-born innovation and technology.
The funds will be used to accelerate Svelta’s product development, strengthen its logistics SaaS platform, and expand its international presence. Svelta’s technology already powers hundreds of daily deliveries for leading brands, offering advanced route optimisation, operational automation, and seamless e-commerce integrations.
“This funding is a strong vote of confidence in our vision to transform last-mile delivery,” said Christis Plastiras, Founder and CEO of Svelta Ltd. “It marks an exciting new chapter for Svelta as we scale our technology and expand to new markets.”
Investors were impressed by Svelta’s ability to deliver efficiency and automation to last-mile delivery, a critical challenge for retailers and couriers worldwide. Among its capabilities are advanced routing, real-time tracking, and driver management, but the most anticipated development is the Svelta Grid, a shared-economy feature that will connect businesses with flexible delivery capacity on demand. This innovation is expected to redefine how last-mile logistics operates in Cyprus and beyond.
About Svelta Ltd
Svelta Ltd is a Cyprus-based technology company developing specialized software solutions for businesses in transportation and logistics. Through a modular and flexible system, the platform offers tools for fleet management, route optimisation, cost calculation, real-time tracking, and more.
For more information about Svelta Ltd. and its logistics technology solutions, visit www.svelta.io and www.sveltacourier.com
Contact person for Media: Stella Zapiti | 99793252 | [email protected]
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