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Formula VC

Formula VC

Yerevan, Yerevanformula.vc

Overview

Formula VC is a venture capital firm based in Yerevan, Armenia, that invests in early-stage technology startups. The firm's main focus is on projects in SaaS, IoT, and AI from Armenia and surrounding regions. It aims to support talented and innovative teams through their early growth stages to become global players. The firm looks for companies that are bootstrapped or funded by angel groups, with a sustainable ARR of over $100k or an active user base of more than 100k.

Portfolio Companies

10

Website

formula.vc

Investments

CompanyDateStageLead
WirestockMay 2026Series ACo-investor
BlueQubitDec 2024SeedCo-investor
WirestockMay 2024Series ACo-investor
Audigo LabsApr 2024VC RoundCo-investor
Prodmap AIDec 2023Pre SeedLead
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Key People

Grigor Hovhannisyan

General Partner

Karen Vardanyan

General Partner

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersYerevan, Yerevan
Year FoundedN/A

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