Formula VC launches its new Formula VC II fund

Formula VC announces the launch of its new Formula VC II Fund.

With a total investment capacity of $30 million, the new fund aims to support 35-40 tech startups, accelerating their growth and further positioning Armenia as a global tech hub.

“We are proud to launch Formula VC II Fund, which will empower the next generation of Armenian startups, helping them achieve global success. This initiative will not only foster technological growth but also strengthen Armenia’s position as a leading innovation hub,” said Grigor Hovhannisyan, Co-Founder of Formula VC.

The official launch event for Formula VC II Fund will be held soon in Yerevan, gathering investors, government officials, and international partners to celebrate this milestone.

Formula VC is a venture capital fund that invests in early-stage startups, with a mission to support Armenian-founded companies and help them expand into global markets.

Founded in 2021, Formula VC has already invested in 22 Armenian-founded companies through Formula VC I Fund, many of which have achieved international success in fields such as cybersecurity, artificial intelligence, quantum technologies, and more.