Formula VC invested in Audigo Labs

The Formula VC venture fund has announced an investment in the startup Audigo Labs.

Audigo Labs enables effortless, mobile-centric audio and video creation: recording, live streaming, multi-user collaboration, editing, and distribution. Audigo is a true one-stop-shop for today’s modern creators who want to produce great sounding audio and video content - anytime, anywhere.

"Audigo Labs is revolutionizing the way modern creators produce audio and video content. We're thrilled to support their innovative approach to mobile-centric creation,"noted Karen Vardanyan, General Partner of the Formula VC venture fund.

This is the 17th startup in the portfolio of the venture fund. In total, Formula VC invested 3 million dollars in Armenian startups.