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Formula VC
AddedFeb 16, 2024
UpdatedJun 28, 2026
Formula VC

Formula VC

Formula VC: Nurturing startups in SAAS, IoT, and AI from Armenia and nearby regions to become global leaders.

HQ
Yerevan, Yerevan, AM
Founded
2021
Overview
Compare
Employees
Website

Formula VC is dedicated to nurturing startups in the SAAS, IoT, and AI sectors from Armenia and nearby regions, helping them evolve into global leaders. The organization focuses on early-stage projects that have been funded by angel groups or other pre-seed vehicles, or those that are bootstrapped. These projects must generate sustainable annual recurring revenue (ARR) of $100k+ or have an active user base of 100k+. Formula VC leverages its extensive network and resources to support these startups during their critical growth phases.

Formula VC has made significant strides in the startup ecosystem by providing essential support and investment to promising ventures. The firm’s portfolio includes a variety of innovative companies that have benefitted from its strategic guidance and resources. Key figures associated with Formula VC include Grigor Hovhannisyan, Karen Vardanyan, Sona Veziryan, and Sona Mirzoyan, who play pivotal roles in steering the organization’s mission. Through its efforts, Formula VC has contributed to the growth and success of numerous startups, fostering technological advancement and economic development in the region.

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Formula VC - Quick Facts

Who are Formula VC's competitors?

Companies similar to Formula VC include Formulate Ventures, Formus Capital, Shastra VC and founders.ai.

When was Formula VC founded?

Formula VC was founded in 2021.

Where is Formula VC's headquarters located?

Formula VC's headquarters is located in Yerevan, Yerevan, AM.

How many employees does Formula VC have?

Formula VC has 5 employees as of Feb 4, 2024.

Formula VC - Classification

Ownership
  • Venture Capital
Technology
  • AI
  • SaaS
Geographic Exposure
  • Global
Revenue
  • Recurring
Customer
  • Startup
Main Product
  • Startup Support
Tags
  • Financial
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software