Top 5 Hardware Startup Investors in Armenia (October 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| 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 |
| Access all 13 investors in Armenia Hardware startups. | |||||
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Pre-seed VC fund backed by Tim Draper & entrepreneurs / professionals. AI, Security, IoT, Biotech, Quantum across Armenia, California, Boston, NYC, Eastern Europe
Show more...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.
HIVE Ventures provides capital, community, and connections to help you build your business.
Show more...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.
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.
Show more...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.
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.
Show more...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
AISprouts is a venture capital firm.
Show more...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.
Hardware Investor funding in Armenia at a glance
Stats across 5 deals from 13 investors.
Access all 13 investors in Armenia Hardware startups.
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