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Top 5 Hardware Startup Investors in Armenia (August 2026)

The most active venture capital funds and angel investors investing in Armenia Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Armenia Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
SmartGateVC
VC Fund
2 United States, Armenia, United Kingdom Pre-Seed, Seed, Angel Artificial Intelligence, Machine Learning, Health Care $250k–$10M
Formula VC
VC Fund
1 United States, Armenia Seed, Series A Software, Information Technology, Apps $1.5M–$10M
BANA Angels
VC Fund
1 United States, Armenia, France Seed, Pre-Seed Information Technology, Software, Artificial Intelligence $170k–$3.7M
Angelsdeck Global Ventures
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Education $80k–$6M
AISprouts
VC Fund
1 United States, Armenia Seed, Series A, Pre-Seed Software, Artificial Intelligence, Machine Learning $1.3M–$12M
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Investor list

SmartGateVC
VC Fund · Yerevan, Yerevan, Armenia · 2 investments in Armenia Hardware startups

Pre-seed VC fund backed by Tim Draper & entrepreneurs / professionals. AI, Security, IoT, Biotech, Quantum across Armenia, California, Boston, NYC, Eastern Europe

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Health Care
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United States, Armenia, United Kingdom

Investor stats

  • Total investments: 43
  • Round size: Seed $2.5M–$10M; Pre-Seed $250k–$2.7M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Coherence Neuro — Opto Biosystems specializes in the development of innovative healthcare technologies that bridge the gap between cancer neuroscience and bioelectronics. The company focuses on creating smaller, softer, and wireless biological interfaces designed to offer a new treatment modality. By leveraging advancements in neural engineering and bioelectronics,Opto Biosystems is dedicated to building new tools that interface with the body, aiming to improve patient outcomes in the healthcare sector. Their work includes exploring the stability of thin-film electrodes for neuromodulation, highlighting their commitment to advancing medical technology.
  • Cordance Medical — Improving outcomes for patients with brain diseases
  • Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.
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Formula VC
VC Fund · Yerevan, Yerevan, Armenia · 1 investments in Armenia Hardware startups

Formula VC has a mission to support startups with its network and resources in early stages of growth to become global players in their domain. Formula VC’s main focus is on the startups engaged in SAAS, IoT and AI based on exception network of global Armenian community.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Series A
  • Geography: United States, Armenia

Investor stats

  • Total investments: 18
  • Round size: Seed $1.5M–$10M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Trag — We help companies to automate their software refactors and migrations along with automated code reviews. By using our platform engineering teams can quickly migrate from one technology framework to another, automatically update non-compliant code during code reviews etc. We do this by combining static code analysis with LLMs. With this combination,we have far great levels of accuracy, speed and compute efficiency.
  • BlueQubit — BlueQubit is on a mission to democratize Quantum Computing and make it accessible to everyone. Through our BQ platform users can develop, test and run programs on Quantum Computers.
  • Wirestock — Get paid to create AI training data for leading AI companies. Freelance creative jobs in photography, design, video & more. Join 700K+ creators.
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BANA Angels
VC Fund · Delevan, New York, United States · 1 investments in Armenia Hardware startups

BANA Angels is a network of investors, entrepreneurs and executives from Armenia and abroad interested in making investments in startup companies.In addition to capital, the members bring their expertise, experience and network to influence the success of the startups they invest in.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: United States, Armenia, France

Investor stats

  • Total investments: 15
  • Round size: Seed $170k–$2.5M; Pre-Seed $335k–$3.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BioNeex — The first Biopharma R&D open Exchange Platform for Licensing and Co-Development Partnerships of Drug Candidates
  • BrandLens — Video submissions made easy. Collect UGC, testimonials, and fan videos through guided, in-browser experiences that scale without friction. White-label available
  • Async — Podcastle is an AI-powered content creation platform that helps podcasters, educators, marketers, and other creators to produce professional-quality audio and video content like podcasts and audiobooks. The company’s goal is to democratize access to content creation by offering an end-to-end suite of tools encompassing creation, editing,transcription, voice duplication, and distribution.
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Angelsdeck Global Ventures
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Armenia Hardware startups

AngelsDeck Global Ventures. Joint investments and exclusive community.AngelsDeck was created:01 For comfortable and mutually beneficial communication among its members, who share venture capital and self-development values. 02 For priority access to venture capital deals with a recommendation from trusted syndicators.03 By and forinvestors who have an impeccable business reputation and capital transparency.Our Values:* Expertise * We are proud of our members' combined expertise. We create and maintain an environment where all members can conveniently and comfortably share their valuable knowledge.* Exclusivity * In the venture capital market, there is a lot of competition among investors for promising projects. We showcase exclusive deals that are not on the surface.* Syndication * We have created a marketplace where experienced syndicate investors can compete for members' attention by the quality of their deals. Everyone can try the role of a syndicator.* Communication * "As a fish needs water, an investor needs a network," and we have created an exclusive club with a unique atmosphere of online and offline communication between members of equal enthusiasm, aspiration, and motivation.

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Investment focus

  • Industry: Artificial Intelligence, Software, Education
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 49
  • Round size: Seed $231k–$6M; Angel $80k–$895k; Pre-Seed $200k–$621k
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • CLOSO — CLOSO connects sellers to brands that have excess inventory, making it easy to source, list and sell.
  • Rhino — First-class armored rides
  • Receiptable — Deliver digital receipts to an app already installed on consumers' phones. Unlock the receipt data to better monetise your customers through more personalised services. We deliver convenience, augmented data and positive impact for the environment.
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AISprouts
VC Fund · Menlo Park, California, United States · 1 investments in Armenia Hardware startups

AISprouts is a venture capital firm.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Armenia

Investor stats

  • Total investments: 12
  • Round size: Seed $1.3M–$11M; Series A $8M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Enlaye — Digital Contracts and Network Startup, incubated at the Harvard Innovation Labs and the Harvard Business School Rock Center for Entrepreneurship.
  • Gridware — Using remote telemetry and edge AI, Gridware wildfire prevention technology powers a grid that is smarter and more reliable than ever before.
  • UptimeAI — Get precise answers for process anomalies with self-learning OEx solutions rooted in domain SME knowledge, alike the experts you know and trust.
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Hardware Investor funding in Armenia at a glance

Stats across 5 deals from 13 investors.

13
investors
in Armenia Hardware startups
5
deals
in Armenia Hardware startups
$2.5M
median round
in Armenia Hardware startups
38%
lead investors
lead at least one round
40%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 13 investors in Armenia Hardware startups.

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