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Top 5 Hardware Startup Investors in Armenia (October 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
HIVE Ventures
VC Fund
1 United States, Armenia, India Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$22M
Formula VC
VC Fund
1 United States, Armenia Seed, Pre-Seed, Series A Information Technology, Software, Apps $335k–$10M
BANA Angels
VC Fund
1 United States, Armenia, France Seed, Pre-Seed Information Technology, Software, Artificial Intelligence $170k–$3.7M
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: 44
  • Round size: Seed $2.5M–$10M; Pre-Seed $250k–$2.7M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $11M in 2024

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 — We are doing some work on our site. Please come back later. We'll be up and running in no time.
  • Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.
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HIVE Ventures
VC Fund · San Francisco, California, United States · 1 investments in Armenia Hardware startups

HIVE Ventures provides capital, community, and connections to help you build your business.

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $500k–$3.5M; Series A $4M–$22M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • VLAST — Play Beyond Play
  • TrustLogix — TrustLogix data security empowers enterprises to scale data-driven innovation across all clouds and platforms, without sacrificing performance or privacy.
  • Xage Security — Secure, manage & transform OT, IT and cloud operations. Deliver zero-trust local access, remote access, and data security.
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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: Information Technology, Software, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Armenia

Investor stats

  • Total investments: 17
  • Round size: Seed $1.2M–$10M; Pre-Seed $335k–$500k
  • 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.
  • Audigo — Audigo Labs develops high quality, ultra-portable and easy to use content creation solutions for beginner, amateur, and professional video content creators, podcasters, and musicians. Audigo strives to deliver effortless functionality through an artfully simple and seamless user experience, helping customers produce creative, spontaneous andcollaborative content - anytime, anywhere.
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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: 21
  • Round size: Seed $170k–$2.5M; Pre-Seed $335k–$3.7M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • BioNeex — Find Investors and Partners | Search and Evaluate Assets
  • 10Web — Unlock powerful tools for hosting, building, optimizing, and securing your site. Elevate your web presence with 10Web.
  • BrandLens — Video submissions made easy. Collect UGC, testimonials, and fan videos through guided, in-browser experiences that scale without friction. White-label available
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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: 13
  • Round size: Seed $1.3M–$11M; Series A $8M–$12M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely actively investing — fresh fund, raised $5.9M in 2025

Portfolio highlights

  • Enlaye — Enlaye is a cloud-based platform for contract writing, negotiation, and deep collaboration.
  • 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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