Formula VC

General contacts
Investor type

VC

Founded

2012

AUM

$7 M

Location

Yerevan, Yerevan, Armenia

Investment Ticket

$0-1 m

Investment Stage

Seed Pre-seed

Region of investment

North America
Investor profile last updated: 31 August, 2026

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

Industry

Financial Services Fintech SaaS AI Internet of Things (IoT) Edtech Software Cybersecurity HealthTech

Formula VC Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region 		Size AUM Launch date
Formula VC I
Venture Capital (VC)
Edtech
Fintech
SaaS
Software
AI
Cybersecurity
Internet of Things (IoT)
HealthTech
Pre-seed
Seed
Series A
North America
Europe
Asia
$5-10 m
$7 M
January 2021

Contacts

Name
Title
Email
Social Networks
avatar
Karen Vardanyan Partner
Partner
k•••@•••
LinkedIn
avatar
Grigor Hovhannisyan Partner
Partner
g•••@•••
LinkedIn
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Investment-team contacts for Formula VC — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Formula VC

Formula VC is a venture capital firm. It backs companies at Seed and Pre-seed, writing tickets of $0-1 m.
Formula VC is located in Yerevan, Yerevan, Armenia.
Formula VC was founded in 2012.
Formula VC invests in companies and startups in Financial Services, Fintech, SaaS, AI, Internet of Things (IoT), Edtech, Software, Cybersecurity, HealthTech.
Formula VC invests in companies and startups in North America.
Formula VC invests in companies and startups at Seed, Pre-seed.
Formula VC usually invests $0-1 m on average.
Formula VC has around $7m assets under management.
Formula VC last fund was created/launched in 2021-01-19
Formula VC can be reached through its website formula.vc, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Formula VC — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Formula VC directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 31 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.