Fundraising Fox

Formula VC

Venture capital

Yerevan · Pre-Seed–Series A · 9 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Formula VC positions itself around proprietary deal access and a global network spanning founders of unicorns and decacorns, VC partners, and executives from FAANG, Fortune 100, and multinational firms. The firm emphasizes Armenia as a strategic bridge between European and Asian markets and a rising global innovation hub, citing developments such as the NVIDIA AI Factory. It highlights first-mover access to frontier areas including quantum computing, space tech, deep tech, and generative AI, supported by a strong advisory board drawn from global innovation and financial hubs.

Invests inAI & Machine LearningDeep TechFintechIoTQuantum ComputingSaaSSpace TechArmeniaAsia-PacificEuropeGlobalMiddle East & North AfricaUnited States

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Series A
Check
$1.2M – $10M
HQ
Yerevan, AM
Leads rounds
Follows
Instruments
Equity
Founded
2021
Tracked investments
32

Team · 9 people

from the firm's website
Hagop Aynedjian· Limited Partner & Advisorin

A venture capitalist and angel investor focused on fintech, edtech, healthtech, and AI.

What they invest in

from 23 of 32 portfolio companies

AI & Machine Learning ×13SaaS ×9Creator Economy ×5Deep Tech ×3Digital Health ×3Healthtech ×3HR Tech ×3Robotics ×3

HQs:United States×7

Investments · 32 tracked

founders shown can be your intro path
10Web10web.ioin𝕏

10Web is an AI-powered website builder that enables users to create fully functional websites without technical skills.

AI & Machine LearningCreator EconomySaaS

Areg AIareg.ai
Audigo Labsaudigolabs.comin

Audigo makes wireless smart microphones and a companion mobile app (iOS and Android) that let musicians and social media creators record multitrack audio and video with synced multi-mic capture and in-app mixing.

ConsumerCreator EconomyHardwareMedia & EntertainmentSan Francisco, US

Bluequbitbluequbit.io

BlueQubit provides a cloud platform with managed GPU-based quantum simulators and an SDK for running large-scale quantum simulations and hybrid variational circuits.

Cloud ComputingDeep TechQuantum ComputingLos Angeles, US

Hayk Tepanyan(Director)Hrant Gharibyan(Executive Officer, Director)

CodeSignal, Inc.codesignal.comin𝕏

CodeSignal provides an educational ebook guide for talent teams on implementing AI hiring tools, covering readiness assessment, solution selection, and compliant usage practices.

AI & Machine LearningEdTechHR Tech

Coinstatscoinstats.appin𝕏

CoinStats is a crypto portfolio tracker that connects users' wallets and exchanges to track, buy, swap, and stake assets across 120+ blockchains, 300+ wallets/exchanges, and thousands of DeFi protocols.

Crypto & Web3Fintech

Deepsatdeepsat.space
DeepSatdeepsat.com
Docusdocus.ai

Docus provides an AI layer for diagnostic labs, offering clinical interpretation reports, follow-up recommendations, compliance validation, digital requisitions, and context-aware AI assistants for doctors and patients.

AI & Machine LearningDigital HealthHealthtech

Easydmarceasydmarc.comin𝕏

EasyDMARC is an email security and authentication platform for setting up and managing DMARC, SPF, and DKIM records to prevent domain spoofing and phishing and improve email deliverability.

CybersecurityEnterprise SoftwareSaaS

Expperexpper.techin𝕏

Expper Technologies builds Robin, a research-backed therapeutic robot that provides emotional support, engagement, and care alongside clinicians in healthcare settings such as pediatrics and geriatrics.

Digital HealthHealthtechRobotics

Gecko Roboticsgeckorobotics.comin𝕏

Gecko Robotics builds robots equipped with sensors and cameras to inspect industrial structures like boilers for structural defects, replacing dangerous manual inspections at height.

Advanced ManufacturingAI & Machine LearningDeep TechRoboticsPittsburgh, US

Jake Loosararian(Founder/CEO)Troy Demmer(Founder/COO)

BoardGaetano Crupi(Director)Andrew Davis(Director)Trae Stephens(Director)

Getagentgrowgetagentgrow.com
Getaqeelgetaqeel.com

Aqeel offers a fully digital financing platform that lets US small business manufacturers apply for credit facilities and receive early payouts of up to 90% on their outstanding invoices.

FintechSaaS

Hexacthexact.ioin𝕏

Hexact builds no-code tools for web monitoring, data scraping, and AI-powered knowledge management, including its Hexomatic product for automating data extraction and workflows.

AI & Machine LearningData & InfrastructureSaaS

Krispkrisp.aiin𝕏

Krisp builds real-time voice AI products that enhance communication through noise cancellation, accent conversion, voice translation, transcription, and summarization across audio hardware and applications.

AI & Machine LearningFuture of WorkSaaS

Pearchpearch.aiin

Pearch.ai provides a white-label AI sourcing API that serves as the sourcing backend for AI recruiting platforms and also powers matching in consumer products.

AI & Machine LearningHR TechSaaS

PicsArtpicsart.comin𝕏Feb 2021

Picsart offers a command-line interface that provides access to over 130 AI models for generating images, videos, and audio content, integrating tools from leading providers like Flux, Sora, Runway, and ElevenLabs.

AI & Machine LearningCreator EconomyDeveloper ToolsMiami Beach, US

Michael Vernal(Director)Hovhannes Avoyan(Executive Officer, Director)Tammy Nam(Executive Officer)Mikayel Vardanyan(Executive Officer)Kevin Boon(Executive Officer)Serena Dayal(Director)

Prodmapprodmap.aiin𝕏

ProdMap is a knowledge platform that structures an organization's documents, code repositories, architecture decisions, and policies into a queryable knowledge base that AI agents can access at runtime via MCP.

AI & Machine LearningDeveloper ToolsSaaS

Robinrobotrobinrobot.comin𝕏

Expper Technologies builds Robin, a research-backed therapeutic robot that provides emotional support and patient engagement in clinical settings such as pediatrics and geriatrics.

Digital HealthHealthtechRobotics

Servicetitanservicetitan.amin

ServiceTitan builds software for the home services industry, providing tools to manage and run home service businesses.

Construction TechEnterprise SoftwareSaaSGlendale, US

Ara Mahdessian(Co-founder & CEO)Vahe Kuzoyan(Co-founder & President)

Skillhubskillhub.ai

Skillhub is a mobile app that teaches programming through AI tutors, gamified coding puzzles, and real-time line-by-line code feedback.

AI & Machine LearningConsumerEdTech

Starshuntstarshunt.aiin

StarsHunt provides an AI recruiting agent that sources, researches, and screens candidates for a company's specific open roles, using LinkedIn and public web data plus a voice agent ("Emma") that conducts live candidate calls and produces briefs.

AI & Machine LearningFuture of WorkHR Tech

Super Annotatesuperannotate.comin𝕏

<UNKNOWN>

Data & InfrastructureSan Francisco, US

Tigran Petrosyan(Executive Officer, Director)Vahan Petrosyan(Executive Officer, Director, Promoter)Russell Mathias(Executive Officer)

BoardTJ Nahigian(Director)Louis Coppey(Director)

Symvolsymvol.io
Ticketmonsterticketmonster.ai
Usetragusetrag.com
Viralmangoviralmango.com

ViralMango is a media kit builder that lets social media influencers create customizable media kits using drag-and-drop templates to showcase their reach, content, and past partnerships.

Creator EconomyMarketing TechSaaS

Waveyewaveye.comin

Waveye develops ultra high-resolution imaging radar technology with integrated artificial intelligence for detection and sensing applications.

AI & Machine LearningDeep TechHardware

Wirestockwirestock.ioin𝕏
Zoomerangzoomerang.app

Zoomerang is a video creation app offering AI-generated art and videos, template-based tools, and ad creative examples for making brand and advertising videos.

AI & Machine LearningCreator EconomyMarketing Tech

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Formula VC invest at?
Formula VC invests at the Pre-Seed, Seed, Series A stages.
What is Formula VC's typical check size?
Formula VC typically writes checks of $1.2M – $10M.
What sectors does Formula VC focus on?
Formula VC focuses on AI & Machine Learning, Deep Tech, Fintech, IoT, Quantum Computing, SaaS, Space Tech.
Where is Formula VC located?
Formula VC is headquartered in Yerevan, AM.
Does Formula VC lead rounds?
Formula VC typically participates in rounds rather than leading them.

Similar investors

Featured in lists