Formula VC

Overview

Formula VC is a venture capital firm based in Yerevan, Armenia, focusing on early-stage investments in startups across various sectors. The firm aims to support talented and innovative teams through their early-stage journey, providing resources and guidance to help them become global players in their respective domains. Their investment approach spans multiple stages, from pre-seed through Series B and beyond, allowing them to support companies throughout their growth trajectory. Formula VC's portfolio includes companies in sectors such as artificial intelligence, internet of things, software as a service, fintech, climate tech, consumer goods, aerospace & defense, healthcare, education, media, retail, transportation, energy, agriculture, real estate, and more. Their inclusion of climate tech as a focus area alongside more traditional sectors suggests an investment thesis that encompasses both established industries and emerging themes around sustainability and environmental impact. The firm's leadership team includes Grigor Hovhannisyan and Karen Vardanyan, who bring extensive experience and a strong network to the firm. Their global network and deep industry expertise enable them to connect exceptional founders with high-growth opportunities, providing proprietary access to deals with growth potential. Formula VC's advisory board comprises individuals from global innovation and financial hubs, and their team is actively involved in international innovation ecosystems, further enhancing their ability to support startups on a global scale.

Investment Focus

• Innovative and scalable business models
• Strong founding teams with a clear vision
• Potential for significant market impact
• Alignment with Formula VC's investment thesis and focus areas

Portfolio Companies