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
13
Website
formula.vcInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Wirestock | May 2026 | Series A | Co-investor |
| BlueQubit | Dec 2024 | Seed | Co-investor |
| DeepSat, Inc. | Sep 2024 | Seed | Co-investor |
| Wirestock | May 2024 | Series A | Co-investor |
| Audigo Labs | Apr 2024 | VC Round | Co-investor |
Key People
Grigor Hovhannisyan
General Partner
Karen Vardanyan
General Partner
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
