Profile

Formula VC is aimed at taking the talented and innovative teams through their early stage journey. Vision: Armenia as an innovation hub Formula VC has a mission to support startups with its network and resources in early stages of growth to become global players in their domain. Formula VC’s main focus is on the projects engaged in SAAS, IoT and AI from Armenia and nearby regions. The projects we look at: Stage: funded by angel groups/ other pre-seed vehicles or bootstrapped, Performance: generate sustainable ARR of $100k+ or possess an active user base of 100k+ Strong team actively involved in innovation ecosystems across Armenia and Europe Early access to deals with growth potential Pioneer early stage venture fund in Armenian emerging innovation ecosystem Interconnected infrastructure, such as business angel network, startup incubator, international fund investing in IoT Solid advisory board from global innovation and financial hubs