Formula 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
14
Website
formula.vcInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Hexowatch | Dec 2021 | Pre Seed | Lead |
| Waveye | Feb 2024 | Pre Seed | Co-investor |
| DeepSat, Inc. | Sep 2024 | Seed | Co-investor |
| StarsHunt | Jun 2024 | Pre Seed | Co-investor |
| BlueQubit | Dec 2024 | Seed | Co-investor |
For institutional investors. Book with your work email.
Key People
Grigor Hovhannisyan
General Partner
Karen Vardanyan
General Partner
Rem Darbinyan
Limited Partner
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Formula VC based?
Formula VC is headquartered in Yerevan, Yerevan, Armenia.
When was Formula VC founded?
Founding year information for Formula VC is not publicly available.
How many portfolio companies does Formula VC have?
Formula VC has 14 portfolio companies in Caplight's dataset.
What are some companies in Formula VC's portfolio?
Portfolio companies visible on Caplight include Hexowatch, Waveye, DeepSat, Inc., StarsHunt, BlueQubit.
What was Formula VC's most recent investment shown here?
Formula VC's most recent investment in this portfolio sample was in BlueQubit in 2024.
What sectors does Formula VC focus on?
Formula VC focuses on Cybersecurity, Frontier & Industrial Tech, Consumer & Commerce, Media, Entertainment & Gaming, Healthcare & Life Sciences, Healthcare & Life Sciences, Consumer & Commerce, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Consumer & Commerce, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Mobility, Transportation & Logistics, Media, Entertainment & Gaming, Frontier & Industrial Tech, Enterprise Software.
What company stages does Formula VC focus on?
Formula VC typically invests at the Early stage.
What is Formula VC's AUM?
Formula VC's assets under management are estimated between $7.0M and $7.0M.