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Top 5 Hardware VC (Venture Capital) Funds in Armenia in May 2026

A list of 5 VC (Venture Capital) funds that invest in Hardware startups based in Armenia. We rank investors based on the number of investments they made in Hardware companies from Armenia. We update this investor list every month.

Top 5 Hardware VC (Venture Capital) Funds in Armenia in May 2026

Investor Hardware Armenia investments
SmartGateVC 2
AISprouts 1
Formula VC 1
Angelsdeck Global Ventures 1
HIVE Ventures 1

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SmartGateVC
VC Fund · Yerevan, Yerevan, Armenia

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

  • Artificial Intelligence, Machine Learning, Computer Vision
  • Pre-Seed, Seed, Angel
  • United States, Armenia

Portfolio highlights

  • Fleak — Ingest and transform data in minutes. Deploy in 1 click. Monitor in real-time for data correcteness and cost. Transform the way your team does data, forever.
  • Vonova — Vonova is a medical device company based in San Diego
  • Ritual Dental — Personalized preventative oral care that helps you and your whole family form dental habits that stick.
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AISprouts
VC Fund · Menlo Park, California, United States

AISprouts is a venture capital firm.

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Investment focus

  • Artificial Intelligence, Software, Machine Learning
  • Seed, Series A, Pre-Seed
  • United States, Armenia

Portfolio highlights

  • 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.
  • NameCoach — NameCoach is a platform for cultural and gender inclusion, which empowers organizations to easily collect audio name recordings, gender identity, and other identity-related info via customized links or widgets - and embed this critical info in online systems through a web application, API, and 3rd party integrations.It was founded in 2014 and isbased in Stanford, California.
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Formula VC
VC Fund · Yerevan, Yerevan, Armenia

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

  • Information Technology, Software, Apps
  • Seed, Pre-Seed, Series A
  • United States, Armenia

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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Angelsdeck Global Ventures
VC Fund · Moscow, Moscow City, Russian Federation

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

  • Artificial Intelligence, Software, Education
  • Seed, Pre-Seed, Angel
  • United States, Russian Federation, United Kingdom

Portfolio highlights

  • Signum.ai — Signum.AI is a unique and powerful suite of external data acquisition and management solutions to growing your business. Make data-driven decisions, align sales and marketing and boost your company’s revenue.
  • Renova — AI-driven no-code platform for insurance industry.
  • Upshift — The convenience of owning a car without all the headaches.
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HIVE Ventures
VC Fund · San Francisco, California, United States

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

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Investment focus

  • Software, Health Care, Information Technology
  • Seed, Pre-Seed, Series A
  • United States, Armenia, India

Portfolio highlights

  • CloudWalk — Our vision is to create the best payment network worldwide
  • PayEngine — Let customers accept payments within your platform while monetizing from their revenue stream
  • TrustLogix — TrustLogix data security empowers enterprises to scale data-driven innovation across all clouds and platforms, without sacrificing performance or privacy.
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