Formula VC

Formula VC Formula VC is aimed at taking the talented and innovative teams through their early stage journey.

🚀 As 2025 comes to a close, we’re reflecting on a year marked not only by steady progress, but by real traction, portfol...
26/12/2025

🚀 As 2025 comes to a close, we’re reflecting on a year marked not only by steady progress, but by real traction, portfolio momentum, and meaningful founder wins at Formula VC.

This year was about backing strong teams and seeing that belief turn into tangible growth, product breakthroughs, and expanding global reach across our portfolio.

✔️ Formula VC Fund I continued to scale its portfolio, bringing the total to 22 startups, including three new strategic investments this year alongside two follow-on investments, reinforcing our long-term commitment to founders we believe in.
✔️ Formula VC Fund II built a strong early portfolio, now comprising 8 startups, with 7 new investments completed during the year.
✔️ Across both funds, we deployed $2.8M in total investments, working closely with founders through growth milestones, challenges, and long-term strategy.

Today, the combined valuation of companies across our portfolios exceeds $700M, reflecting the strength of the teams and markets we’ve backed.

We’re proud of the momentum our portfolio companies have built and grateful to the founders who trust us as long-term partners, as well as to the partners who help strengthen the ecosystem year after year.

Looking ahead to 2026, we remain committed to building patiently, investing responsibly, and supporting ambitious founders with global vision.


Formula VC Team 💜

🧠⚡ Another edition of the IT Intellectual Cup, another great team experience!From collaboration to healthy competition, ...
15/12/2025

🧠⚡ Another edition of the IT Intellectual Cup, another great team experience!
From collaboration to healthy competition, it was a fun way to connect and challenge ourselves outside the office.

Congrats to the winners, and thanks to the organizers for bringing everyone together!

🌍 At EMERGING Valley 2025, Grigor Hovhannisyan, General Partner at Formula VC, joined the panel “Angels Without Borders”...
08/12/2025

🌍 At EMERGING Valley 2025, Grigor Hovhannisyan, General Partner at Formula VC, joined the panel “Angels Without Borders” to discuss the rise of Euro-Mediterranean angel investing.

🔎 The session brought together investors building cross-border pathways for early-stage capital. Grigor spoke about Armenia’s evolving angel landscape, the importance of trusted networks, and Formula VC’s mission to empower founders scaling across markets.

🤝 Thank you to Emerging Valley for bringing together investors, builders, and innovators who believe in cross-border collaboration.

🚀 Karen S Vardanyan, General Partner at Formula VC, took part in the “Investing in Deeptech: Building Scalable Euro-Afri...
04/12/2025

🚀 Karen S Vardanyan, General Partner at Formula VC, took part in the “Investing in Deeptech: Building Scalable Euro-African AI & Hardware Powerhouses” panel at Emerging Valley 2025 in Aix-Marseille-Provence.

🔎 The discussion centered on building resilient deeptech companies, scaling AI and hardware across continents, and fostering cooperation between European and African innovation ecosystems. Karen shared insights from Formula VC’s experience supporting founders building globally competitive technologies.

👏 Our thanks to the organizers for hosting a summit that continues to connect ecosystems and spark impactful conversations.

Հպարտ ենք մեր գործընկեր C-Quadrat Ampega Armenia-ի հաջողությամբ։ Հայաստանում առաջինը լինելը՝ կենսաթոշակային ֆոնդի ակտիվն...
13/11/2025

Հպարտ ենք մեր գործընկեր C-Quadrat Ampega Armenia-ի հաջողությամբ։ Հայաստանում առաջինը լինելը՝ կենսաթոշակային ֆոնդի ակտիվները վենչուրային կապիտալում ներդնելու հարցում, մեծ պատասխանատվություն է։
Շնորհակալ ենք մեր գործընկերներին վստահության համար, և վստահ ենք՝ միասին կստեղծենք իրական արժեք:

💼 During DigiTec 2025, Karen S Vardanyan, General Partner at Formula VC, joined the panel “Who Funds the Scale: Building...
20/10/2025

💼 During DigiTec 2025, Karen S Vardanyan, General Partner at Formula VC, joined the panel “Who Funds the Scale: Building a Strong VC Infrastructure,” exploring how venture capital fuels startup growth and global expansion.

🧠 The discussion, moderated by Dima Stepanov (Managing Partner at Yango Ventures & General Partner at AAL VC), brought together Manuk Hergnyan (Managing Partner at Granatus Ventures), Daniel-Kiss Kiraley (Principal at PortfoLion Capital Partners), and Suren Pakhchanyan (CRO & Management Board Member at Inecobank) — offering perspectives from both finance and venture capital.

👏 Thanks to DigiTec and UATE for fostering conversations that strengthen Armenia’s innovation ecosystem.

🎉 10Web just dropped Vibe for WordPress on Product Hunt — turning the world's most powerful CMS into an AI-native builde...
15/10/2025

🎉 10Web just dropped Vibe for WordPress on Product Hunt — turning the world's most powerful CMS into an AI-native builder!

Fast to create. Faster to ship. You own the code, always. This is how you go from demo to deployment.

👉 Check it out! Link in comments.

🚀 During DigiTec 2025, Karen S Vardanyan, General Partner at Formula VC, joined the special discussion “Policy as a Star...
15/10/2025

🚀 During DigiTec 2025, Karen S Vardanyan, General Partner at Formula VC, joined the special discussion “Policy as a Startup Growth Engine: What Do We Need to Boost the Ecosystem?”, exploring how effective policy can drive innovation and sustainable growth.

💡 Moderated by Alla Hakhnazaryan (Union of Advanced Technology Enterprises-UATE), the panel featured Ruben Simonyan (Ministry of High-Tech Industry), Alexandra Cole (UK Ambassador to Armenia), Tornike Jobava (GITA), and Arto Minasyan (Krisp & 10Web), bringing together public and private perspectives on ecosystem development.

🙌 Thank you to DigiTec and UATE for sparking these essential conversations that shape Armenia’s innovation future.

🏆 Portfolio highlight: Our portfolio company Prelaunch.com has won Silver for Breakthrough Innovation Research Methodolo...
08/10/2025

🏆 Portfolio highlight: Our portfolio company Prelaunch.com has won Silver for Breakthrough Innovation Research Methodology at the 2025 ESOMAR Awards — one of the most prestigious recognitions in insights and research! 🎉

Their collaboration with Ducati impressed industry experts, showcasing how Prelaunch helps global brands innovate confidently through real customer insights. 💡

👏 Congratulations to Narek Vardanyan and the entire Prelaunch team on this well-deserved recognition!

🚀 Karen Vardanyan, General Partner at Formula VC, took the stage at Gateway to Europe: Armenia as a Next Innovation and ...
25/09/2025

🚀 Karen Vardanyan, General Partner at Formula VC, took the stage at Gateway to Europe: Armenia as a Next Innovation and Investment Hub to moderate the panel “Angels and VCs Working Together.”

💡 The discussion brought together leading voices in the investment community — Nicolas Rouhana (EBAN Board Member), Dmitry Saikovsky (New Nordic Ventures, Latvia), and Zdravko Markov (CEO Angels Club, Bulgaria) — to share perspectives on how angel investors and venture capitalists can align strategies, strengthen portfolios, and support founders throughout their growth journey.

Organized by: BANA Angels with EBAN European Business Angels Network, AICA and Science and Technology Angels Network.

Made possible by: Ministry of High-Tech Industry of the Republic of Armenia, EU4InnovationEast project, implemented by Expertise France, and supported by UN Women Armenia.

🚀 Grigor Hovhannisyan, General Partner at Formula VC and President at BANA Angels, delivered the opening keynote at Gate...
24/09/2025

🚀 Grigor Hovhannisyan, General Partner at Formula VC and President at BANA Angels, delivered the opening keynote at Gateway to Europe on understanding Armenia’s innovation and investment landscape.

His presentation kicked off a packed agenda of panels, startup pitches, and speed networking sessions that connected 200+ participants — including European angel investors and Armenian ecosystem players — to explore new avenues for growth and collaboration.

👏 Our thanks go to EBAN European Business Angels Network, BANA Angels, Science and Technology Angels Network, AICA, the Ministry of Economy of Armenia, EU4InnovationEast, Expertise France, and UN Women Armenia for their partnership in making this event a success.

🌌 Portfolio highlight: DeepSat is redefining real-time Earth intelligence with its VLEO satellite constellation, winning...
27/08/2025

🌌 Portfolio highlight: DeepSat is redefining real-time Earth intelligence with its VLEO satellite constellation, winning a Direct to Phase II AFWERX contract from the U.S. Air Force Research Laboratory (AFRL).

With onboard AI, resilient architecture, and persistent ocean monitoring, DeepSat is tackling global security and environmental challenges from space.

👏 Hats off to Nerses Ohanyan, Hayk Martirosyan, Davit Baghdasaryan and the DeepSat team for showing how Armenian-founded startups can shape the future of space tech. 🚀

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