We work with great founders and invest in their success
About us
Formula VC is aimed at taking the talented and innovative teams through their early stage journey.
Our focus is clear: supporting startups with our extensive network and resources during their crucial growth stages, empowering them to become global leaders in their domains.
Team
Grigor Hovhannisyan
Grigor Hovhannisyan is a serial entrepreneur with expertise in security systems, investing in technology and electronics industries. He is the President at BANA Angels, the 1st and the most active angel network in Armenia, founder of Premier Integrated Technologies, that has a contract with The Department of Homeland Security. Grigor has been in the Armenian Tech scene since 2003 as a co-founder of now the largest FinTech startup Idram (exited in 2016).
Karen Vardanyan
Karen Vardanyan holds around 10 years of diverse experience in finance and banking at HSBC. He co-founded Sprint Crowdfunders’ Fund, a unique fund investing in IoT projects that are entering the market through crowdfunding. Since mid-2018s, more than 200 projects from 26 countries backed by the Sprint have raised more than $100M.
Sona Veziryan
Sona Veziryan is the Director at BANA Angels, the first and most active Angel Network in Armenia with 30 startups in the portfolio and over $3,5M invested through the network. She has a solid background in working with startups on their business development and has led a number of successful deals. Sona is also the Co-founder and Syndicate Lead at The Syndicate by BANA, which pioneered syndicate vehicles in Armenia.
Investment and Advisory Board
Luigi Amati
CEO at META Group
Chairman at META Ventures
Founder and President at Business Angels Europe
Maurice Beckand Verwee
Co-Founder of Crosspring
Aksel Piran
Founder at CP3 Ventures and Co-Founder and Syndicate Leader at The Syndicate by BANA
Thomas Mazejian
CIO at Viva-MTS, Entrepreneur, Angel Investor, and PMI Armenia Founder & Past-President
Christian Schellenberger
Founder, Managing Director at Schellenberger Ventures;
Tech Entrepreneur;
International Strategy Consultant.
Gevorg Poghosyan
Founder of Idram - largest payment system in Armenia
Serial Entrepreneur
Former Chief Digital Officer of VEON Armenia
Artavazd Minasyan
Co-founder at Krisp-first of its kind AI powered noise cancelling application;
Founder at 10Web-all in one WordPress website builder.
Artavazd Mehrabyan
Co-Founder/CTO at PicsArt
Narek Vardanyan
Co-Founder of The Crowdfunding Formula Digital Marketing Agency
Listed as one of top crowdfunding experts
PhD in Economics and Management
Rem Darbinyan
Founder and CEO at SmartClick.AI,
Investment portfolio of 40+ startups
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Our Portfolio
Why Formula VC
Proprietary access to deals with growth potential
We have a wide network on the global innovation and startup scene, including founders of decacorns, unicorns, multibillion dollar VC partners, FAANG, Fortune 100, MNC executives
Strong team actively involved in international innovation ecosystems
Solid advisory board from global innovation and financial hubs
Co-Invested With
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Contact us
Address: Formula Hub, Buenos Aires Park, Yerevan, Armenia