Formula VC
Venture capitalYerevan · Pre-Seed–Series A · 9 people tracked
Investment thesis
Formula VC backs visionary teams during their crucial growth stages, leveraging an extensive global network of decacorn, unicorn, FAANG, Fortune 100 and MNC connections plus a global advisory board. The firm emphasizes proprietary deal access and positions itself around the fast-emerging Armenian technology ecosystem, which it presents as a strategic bridge between EU and India/Asia. It highlights frontier areas such as quantum computing, space tech, deep tech and generative AI, spotlighting Armenia's growing infrastructure (including an NVIDIA AI Factory), strong engineering talent, and a highly diverse workforce as reasons for early-mover investment there.
Source: firm website, verified Aug 7, 2026.
Team · 9 people
from the firm's website
What they invest in
from 26 of 32 portfolio companiesAI & Machine Learning ×17SaaS ×11Creator Economy ×6Developer Tools ×4Enterprise Software ×4Robotics ×4Data & Infrastructure ×3Deep Tech ×3
HQs:United States×11
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×42 founders×63 founders×2
Investments · 32 tracked
founders shown can be your intro path
10Web provides a white-labeled website generation API that enables platforms to automatically create WordPress sites from user-submitted business data, assets, and branding information.
AI & Machine LearningCreator EconomyDeveloper ToolsE-commerceEnterprise SoftwareSaaS
Sergey Markosyan(Co-founder & CTO)Armen Saghatelyan(Co-founder & CDO)Tigran Nazaryan(Co-founder & CInO)Narek Torosyan(CEO)in
Co-investorsAI FundSierra Ventures
Aqeel provides flexible trade financing to small and mid-sized manufacturers in the US, allowing them to delay payment for raw materials until after they've shipped and received customer payment.
Advanced ManufacturingFintechSaaSUnited States, US
Areg.AI offers an AI- and robotics-driven platform for autonomous monitoring, inspection, and maintenance of solar assets, aimed at solar operations and asset management teams.
AI & Machine LearningCleantechEnergyRobotics
Hayk Harutyunyan(Co-Founder & CEO)inArtavazd Minasyan(Co-Founder & CIO)in
Co-investorsGranatus Ventures
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
Armen Nazarian(Founder)in
Co-investorsTechstarsZag Capital
BlueQubit provides a cloud platform and SDK for running large-scale quantum circuit simulations on managed GPU-based simulators, along with quantum machine learning algorithms.
Cloud ComputingDeep TechQuantum ComputingLos Angeles, US
Hayk Tepanyan(Director)inHrant Gharibyan(Executive Officer, Director)in
Co-investorsChaac VenturesCreative Destruction Lab (CDL)Financial Venture StudioGranatus VenturesNycaNyca Partners+4 more
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 TechSan Francisco, US
Tigran Sloyan(Founder)in
Co-investorsA.Capital VenturesCM VenturesGranatus VenturesIndex VenturesMenlo VenturesXG Ventures
Co-investorsGranatus Ventures
EasyDMARC provides email authentication and protection services for financial institutions to prevent phishing and spoofing attacks while maintaining compliance with regulations like PCI DSS.
CybersecurityEnterprise SoftwareFintechSaaSUS, US
Gerasim Hovhannisyan(Co-Founder, Chief Executive Officer)
Co-investorsCuriosity VCRadian CapitalAcrobator Ventures
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
Co-investorsAiSprouts VCSmartGateVC
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)inTroy Demmer(Founder/COO)in
BoardGaetano Crupi(Director)inAndrew Davis(Director)inTrae Stephens(Director)in
Co-investorsAlpha PartnersBase Venture Management, Inc.Drive CapitalFifth Down CapitalFriends Family CapitalFundersClub+18 more
Co-investorsK5 Global
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 WorkSaaSBerkeley, US
Arto Minasyan(Founder)inDavit Baghdasaryan(Founder)in
Co-investorsBerkeley SkyDeck FundCM VenturesGranatus VenturesRTP GlobalSierra VenturesSmartGateVC+1 more
Prelaunch is a product validation platform that tests early-stage product concepts using real audiences who leave a deposit to signal genuine purchase intent, offering AI-led customer interviews, A/B price testing, business model evaluation, and a real-time analytics dashboard.
AI & Machine LearningMarketing TechSaaS
Co-investorsGranatus Ventures
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
Co-investorsYellow Rocks!
Picsart offers a command-line tool that generates images, video, and audio from the terminal, providing access to 130+ AI models across the three media types.
AI & Machine LearningCreator EconomyDeveloper ToolsMiami Beach, US
Hovhannes Avoyan(Executive Officer, Director)inMikayel Vardanyan(Executive Officer)inTammy Nam(Executive Officer)inKevin Boon(Executive Officer)inArtavazd Mehrabyan(Executive Officer)inCraig Foster(Executive Officer)in
Co-investorsCoreline VenturesDCM VenturesEBRD Venture Capital Investment ProgrammeG SquaredGraph VenturesRTP Global+4 more
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
Co-investorsSmartGateVC
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)inVahe Kuzoyan(Co-founder & President)in
Co-investorsBessemer Venture PartnersGeek VenturesMucker Capital
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
SuperAnnotate is a data platform used to build, manage, and refine training data for AI and machine learning models.
AI & Machine LearningData & InfrastructureSaaSSan Francisco, US
Tigran Petrosyan(Co-founder)inVahan Petrosyan(Co-founder)inDavit Badalyan(Founder)inRussell Mathias(Executive Officer)in
BoardTJ Nahigian(Director)inLouis Coppey(Director)in
Co-investorsArgonautic VenturesGlynn Capital ManagementGranatus VenturesPlay Time VenturesPoint NineRuna Capital+4 more
ViralMango builds technology tools for content creators to facilitate authentic connections between creators and brands while supporting audience growth and engagement.
Creator EconomyMarketing TechSaaS
Waveye builds imaging radars for multi-modal AI applications, aimed at enabling safe interaction between humans and machines.
AI & Machine LearningDeep TechHardwarePalo Alto, US
Gor Hakobyan(Founder)in
Co-investorsGranatus VenturesSmartGateVC
Wirestock operates a data infrastructure platform that connects creative professionals with AI companies to create, curate, and license high-quality multimodal training data including images, video, music, and design work.
AI & Machine LearningCreator EconomyData & Infrastructure
Mikayel KhachatryanAshot MnatsakanyanVladimir KhoetsyanHovhanness Kuloghlyan
Co-investors2048 VenturesGraph VenturesNava VenturesYellow Rocks!
Portfolio news
latest coverage across their companies
BlueQubit · interestingengineering.com · Jul 26, 2026
Super Annotate · tipranks.com · Jul 17, 2026
Gecko Robotics · tsginvest.com · Apr 23, 2026
Waveye · trysignalbase.com · May 30, 2025
Areg AI · areg.ai · May 21, 2025
Frequently asked questions
- How many investments has Formula VC made?
- Formula VC has 26 tracked investments.
- 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.
- Who does Formula VC co-invest with?
- Formula VC most often shares deals with Granatus Ventures, SmartGateVC, Graph Ventures, among 59 tracked co-investors.
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