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.
