Kìklos Teatro evolved from the Cultural Association Fantàsia founded by Paola Coletto in 1994. The idea for Fantàsia was inspired from the combined experiences she encountered after co-founding a theatre company in London, working & living with the Findhorn Foundation in Scotland and having studied with Jacques Lecoq at his theater school in Paris. As a result, she founded a center dedicated to the research of art and self-development. She hosted workshops & seminars on a national & international level and invited others to work there, allowing them to develop their own personal visions toward their creative and spiritual work. The later development of Fantàsia was helped in part by the collaboration developed with Giovanni Fusetti. After some years of collaborating and a common desire to continue this work in different directions focusing on theatre, they invited the American Sean Kaplan to co-found this new organisation, Kìklos Teatro.

During the first season, the co-founders invited Malachi Bogdanov, the England based director of the theater company's premiere production of L'Anconitana by Ruzante, to join them. As a result, the advisory board to the Kìklos Teatro organisation was created and the four in collaboration oversaw the collective work of the Theatre Company, International Theatre School and Educational Outreach Programme.

In June 2002, Paola resigned as President of the organization, assuming the work of the International Theatre Company and Educational Outreach department. She definitively left at the conclusion of its 2002-2003 scholastic season. Soon after, she created the multimedia company Holon Productions sas where she is Managing Director.

In that same year, the remaining members decided to leave the organization to pursue their individual visions; Sean is continuing to develop projects from the Theatre Company and Educational Outreach Program of Kìklos Teatro in collaboration with Holon Productions for companies based in the US.
Malachi founded the Cultural Association Manikè, an international center that hosts theatre workshops based in Sardinia, Italy. Giovanni is continuing his personal pedagogical research with what was the International Theatre School of Kìklos Teatro, autonomously as President of the Cultural Association Kìklos: International School of Theatre Creation.