Top 35 VC Funds & Investors in Armenia (October 2026)

Portfolio highlights

• Eden — Eden unifies medical imaging operations with clinical AI: PACS, teleradiology, AI-assisted diagnosis and structured reporting, deployed across 2,600+ imaging departments.
• Razorsight — Razorsight's Cloud-based Predictive Analytics Software is used by the world's best known telecom brands to improve profits including AT&T, Verizon, T-Mobile, Telus, Tata, Orange, CenturyLink, Windstream, IBM, Comcast and Facebook. Razorsight analyzes network and subscriber activities to control costs, predict churn, and deliverreal-time insights into customer and network activity. These insights are operationalized to improve margins via revenue growth, retention and cost reduction.
• ANDE.AI LTD — Ande develops an AI-enabled B2B platform and mobile app for managing corporate hospitality events, bookings, policy controls, and expense流程.

Portfolio highlights

• BioNeex — The first Biopharma R&D open Exchange Platform for Licensing and Co-Development Partnerships of Drug Candidates
• 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

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.

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.

Portfolio highlights

• Flam — Frontier AI research and product for interactive content. Video was the last big shift in content. Interactivity is the next one, and we're defining it.
• Ahead Health — Ahead Health is redefining preventive healthcare by making personalized health insights clear, actionable, and accessible anytime, anywhere
• Stable Money — Steady returns, untapped opportunities, and excellent long-term performance to aid your journey of wealth creation!

Portfolio highlights

• SimCare AI — An advanced clinical training platform for healthcare professionals
• Optimyzee — Optimyzee builds, cleans and optimizes Google Ads, Yelp Ads and eCommerce campaigns with AI while every change stays human-approved.
• Cloudchipr — Empower your team with AI agents to optimize cloud costs, answer questions, explain anomalies, send reports, assign tasks, and more.

Portfolio highlights

• Kaiko — Kaiko provides real-time and historical cryptocurrency trade data, order books, and aggregated prices through a cryptocurrency API, downloadable CSV files, and a livestream WebSocket. We cover 100+ crypto exchanges and 35,000+ trading pairs for Bitcoin, Ethereum, and altcoins.
• Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
• Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime

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.

Portfolio highlights

• 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.
• Zoundream — The Future of Infant Care
• Emerald — Comprehensive in-clinic biomarker testing, GP-reviewed results with past health data integration and personalised action plan. Designed to help you understand your risks earlier and act with medical support.

Portfolio highlights

• All3 — All3 uses AI and robotics to design, manufacture, and assemble buildings through a unified system. The company provides an end-to-end system that combines AI-driven architectural design, robotic off-site manufacturing, and automated on-site assembly for residential and commercial structures. Its platform enables customized building components to beproduced and assembled with software-controlled workflows, reducing reliance on manual processes and fragmented supply chains.All3 also offers vertically integrated services that cover planning, engineering, fabrication, and construction delivery, allowing developers to manage projects within a single system. Its technology supports complex building designs and constrained urban sites by adapting production and assembly processes to specific project requirements.
• Dwelly — Dwelly acquires and partners with independent UK lettings agencies, helping owners exit smoothly, profitably and on their terms. Get a free agency valuation.
• Passionfroot — A workspace where you can manage your creator business and organise your finances so that you can optimise your creator-work-life balance.

Portfolio highlights

• Wema Bank — Wemabank is one of the resilient banks and the founder of Africa's first totally digital bank, ALAT. To the ever-growing client base, they provide a variety of retail and SME banking, corporate banking, treasury, trade, and financial advisory services. In delivering value to all of its stakeholders, they have remained inventive. They have ahistory of trust and tenacity that has earned us devoted consumers and are continually creating products and services that are customised to their needs at all stages of life.
• Nuclidium — NUCLIDIUM is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics. Using copper isotopes, Copper-61 for diagnostics and Copper-67 for therapeutics, the company is creating a differentiated platform with the potential to overcome existing limitations in radiotheranostics.
• Egyptian Electricity Transmission Company — Egyptian Electricity Transmission Company manages, operates, and maintains high-voltage electricity grids. It acts purely as a utility infrastructure operator to transmit bulk power from power plants to regional distribution networks.

Portfolio highlights

• BetHog — BetHog is a new crypto sports book that brings home the bacon.
• Trove — Trove Collectibles is a content and commerce platform focused on sports cards and collectibles.
• Kairos Labs — Kairos Labs is an Ethereum ecosystem interest rate swap protocol

Portfolio highlights

• OKKO Group — OKKO Group operates fuel retail and is expanding into renewable energy generation in Ukraine.
• Metinvest Group — Metinvest is an international, vertically integrated mining and metals company. The Group comprises mining and metallurgical assets in Ukraine, Europe and the US, complemented by a global sales network. Metinvest manages the complete production chain, from extracting iron ore and coal to manufacturing semi-finished and finished steel products. Withassets close to key railway lines and ports, Metinvest can supply raw materials and steel products anywhere in the world.
• Econergy Renewable Energy — Econergy to create, own, and manage utility-scale renewable energy projects, guided by in-depth knowledge of the industry, regulations, and technology at each crucial stage, from creation to supply

Portfolio highlights

• Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
• Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
• Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.

Portfolio highlights

• New Norm — Talk it through. Journal it. Build a visual memory. A mental health space for guided reflection and self-understanding.
• 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.
• SynthFlow AI — Build AI Agents at Scale. No Coding Required.

Portfolio highlights

• SeA Bank — SeA Bank is a banking institution that provides services like preferential loans, tax service, online transaction solutions and more.
• Ameriabank — Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. They carve out paths for improvement of your business and lifestyle, via both traditional and alternative, hyper-advanced banking technologies.
• ETG — ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.

Portfolio highlights

• PanGenetics — PanGenetics B.V. develops monoclonal antibodies for the treatment of immune mediated diseases.PanGenetics is a clinical development company that specializes in taking antibodies from the late research stage through to clinical proof of concept. The company is based in Utrecht, the Netherlands with an office in Cambridge, UK. PanGenetics employsa lean business model with manufacturing and clinical development activities outsourced to specialist providers. Apart from PG110, the other clinical program of PanGenetics is PG102, a CD40 antagonist for treatment of autoimmune diseases which is currently being evaluated in a clinical study in psoriatic arthritis patients
• Acutus Medical — Acutus Medical develops medical technologies to treat complex cardiac arrhythmia. The company's platform displays the heart’s true activation pattern, turning the chaos of a complex arrhythmia into a clear vision for electrophysiologists.Acutus Medical is a privately funded company founded in 2011 and based in Carlsbad, California. Itsproducts are co-developed in the U.S. and Europe with an exceptional team of medical scientists, biomedical engineers, and other professionals.It was founded in 2011 and headquartered in Carlsbad, California.
• The Cambridge Satchel Company — Beautiful leather satchels and music bags in a variety of sizes, colours - backpack or shoulder strap styles. Made in England, the traditional school satchel is back and looking better than ever.

Portfolio highlights

• Alpha Food Service — Alpha Food Service CJSC and its affiliates are reliable partners for the HoReCa and catering industries, offering a broad and ever-expanding range of quality products from esteemed global manufacturers. The main focus of the business is on supplying bakery and confectionery products, as well as a range of food items, wines, and alcoholic andnon-alcoholic drinks.

Portfolio highlights

• Zell — AI-powered sales training that revolutionizes team performance. Personalized coaching, real-time insights, and autonomous learning to boost your sales success. Join the future of sales today.
• Smartworks — Find office spaces with flexible leases, modern amenities, and prime locations. Ideal for businesses of all sizes. Explore your office space options today!
• Podium — The official twitter account of Podium.io, the event app cloud CMS. Helping you create the best app for your events.

Portfolio highlights

• Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
• myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
• RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.

Portfolio highlights

• Expper Technologies — Robin is an award-winning therapeutic robot designed to support healthcare teams and patients across pediatrics and geriatrics. Discover how therapeutic robots are reshaping care delivery.

Portfolio highlights

• Newo.ai — Newo is the ready-to-deploy Voice AI for human-quality conversations and real business outcomes. Experience the accuracy and speed for yourself.
• Algorized — Algorized develops advanced technologies for human presence detection using UWB Radar.
• Respeecher — Voice cloning: create speech that's indistinguishable from the original speaker. Perfect for filmmakers, game developers, and other content creators.

Portfolio highlights

• iGooods — iGooods is a Saint Petersburg supermarket delivery service.
• AutoSpot — AutoSpot is a pioneering platform for buying new cars. Company use reverse marketplace model by aggregating offers from official dealers. AutoSpot connects auto dealers directly with customers, integrates dealers’ stocks online and enable customers to choose, compare and shop cars online. This service adds transparency to the process of carpurchase giving customers access to a real time prices for cars and ability to get better offers without bargaining through the auction process. More than 410 auto dealers already joined the system. AutoSpot has a dominating position in the online segment of selling a new cars in Russia which is estimated at $47 billion. By 2022, investors estimate the market share of AutoSpot at 20.5% from online sales in Russia and 5.1% of all sales.At the moment AutoSpot sell circa 1000 new automobiles per month and continue making the platform more scalable and functionally rich including offer of financial products such as auto-loans and insurance.
• Menu Group — 1000+ partner restaurants 350+ employees 2 countries and 15 cities Offering You A More Key facts Tailored Solution 2012 - MENU.AM WAS FOUNDED IN ARMENIA (Menu.am is a

Portfolio highlights

• Axis Robotics — AXIS ROBOTICS | Transferring Diverse Human Intelligence Into Robotic General Intelligence
• Hyperlane — Hyperlane is the platform for developers building the interchain universe
• Silicon Data — Revolutionize compute markets through unparalleled data transparency, financial product innovation and market intelligence

Portfolio highlights

• Mkind — Mkind builds intelligent robots for high-mix manufacturing, developing advanced automation solutions that can adapt to diverse production requirements, improve operational efficiency, and support manufacturers in handling complex, low-volume, and frequently changing product lines.
• Reverion — Reverion develops reversible and carbon-negative power plants using patented biogas technology for renewable energy.
• Orbem — Transform biological imaging with AI-powered MRI technology. Non-invasive solutions for poultry, fruits, nuts, and health. Building a sustainable future.

Portfolio highlights

• Cortea — Purpose-built AI grounded in auditing standards. Consistent, defensible audits every time. Trusted by DHPG and Mazars.
• Coram AI — Secure your business with cloud based security cameras from Coram AI. Remotely monitor your property with advanced AI security cloud camera systems. Book a demo.
• Integral — Bookkeeping, financial statements, and payroll all from one source

Portfolio highlights

• Tripsider — Once-in-a-lifetime travel experience with extraordinary people. Tripsider is an online platform for multiday adventure trips by independent guides.We create an algorithm to match travelers for group tours based on their social interests, values, and past experiences. Using this matchmaking formula and micro-segmentation, we allow travelers tobook their next adventure in a sitting. And our communication ecosystem provides safe and instant connections directly to the travel expert.We managed to grow 2X in 2020 despite COVID, and now we're anticipating 5X growth in 2022. Tripsider is operationally profitable, getting traction in the US, and finished the 500 startups (Georgia) acceleration program.
• Expper Technologies — Robin is an award-winning therapeutic robot designed to support healthcare teams and patients across pediatrics and geriatrics. Discover how therapeutic robots are reshaping care delivery.

Portfolio highlights

• AscendEX — AscendEX is global operator of digital asset exchanges for diverse groups of clients from retail to institutions.
• CoinStats — Own crypto in multiple exchanges and wallets? Sync them to CoinStats so you track and manage them from one place. Track 8000+ coins and 300+ exchanges.
• Mina — Discover Mina Protocol, the lightest blockchain designed for secure, scalable decentralized applications. Start building or learn more.

Portfolio highlights

• Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
• Devplan — Devplan turns customer feedback into ranked, ready-to-build specs for your engineers and AI agents.
• Applied Atomics, Inc. — Powering the next 1,000 years of advanced industry with co-located nuclear power plants.

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.

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.

Portfolio highlights

• DREM — Simplifying distributed energy saving solutions
• VoiceLine — VoiceLine is AI-powered field sales revenue intelligence. Document any customer interactions in seconds, get actionable insights and boost sales performance. Start today!
• microsynetics GmbH — Developing hardware and software to help elderly people gaining more freedom and quality of life. Our first product is an emergency wristband which works together with an app, also connecting relatives via smartphone and phone integrated in the emergency wristband. The automated AI-based fall detection guarantees help even when the user - afteraccident - isn't capable anymore of activating the emergency call via integrated button.

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.
• CloEE — CloEE is an AI-powered SaaS specifically designed to enhance the productivity and manage quality of end products at discrete manufacturing companies of all sizes. CloEE focuses on real-time data collection from production equipment, reducing emergency stops by up to 95% and improving productivity, reducing reject rates by 2 times and improvingoverall equipment efficiency (OEE) by up to 30%. The CloEE SaaS involves predictive analytics, optimizing operation modes and leading to substantial cost savings on equipment expenses. Drawing on the data collected, CloEE presents the possibilities of generative AI, paving the way for advanced technology management. CloEE team possesses 5+ years of experience working with Industry 4.0 projects and has uplifted 400 large industrial enterprises in 25 countries; over 25,000 machines worldwide are connected and managed with our IT solutions.CloEE aims to reduce carbon emissions by improving OEE and minimizing manufacturing machines worldwide.
• Audemic — Audemic Scholar enables PhD students and researchers to transform stale research PDFs into a time-saving reading and listening experience.

Portfolio highlights

• Kewego — Kewego SA, together with its subsidiaries, provides business solutions to manage, broadcast, and monetize videos on the Internet, Intranet, and screen networks. The company offers a Webcast solution, which includes a video player, an administration console, and an application program interface (API) that enables its clients to broadcast videos overthe Internet. It also provides a Web portal solution that consists of a video portal with personalized player that enables its clients to integrate a Web portal to their Websites. The company was founded in 2003 as PulseVision SA and changed its name to Kewego SA in April 2006. Kewego SA is based in Paris, France with additional offices in Madrid, Munich, and Grenoble.
• Mobibase — Thematic and ethnic content including 200+ TV channels and 7000+ Videos On Demand. Branded OTT apps on any device.
• ADYOULIKE — The ADYOULIKE Native Technology Platform and Network allows brand advertisers to scale their native advertising campaigns across premium and niche publishers with ease from a single point of entry using the ADYOULIKE DNA Marketplace, the leading global Native Advertising SSP

Portfolio highlights

• Nim — Generate videos with state-of-the-art models, templates, and inspiration feed. Text-to-image, image-to-video, restyle, lip sync, upscale, and more
• RedTrack.io — RedTrack.io offers real-time access to your media buying KPIs/data: ad tracking, impressions, clicks, conversions across multiple channels & 30 data points.
• HuLoop Automation, Inc. — HuLoop Automation offers an AI-powered, no-code, unified automation platform that helps clients drive transformation, and achieve revenue growth, cost savings, and productivity gains by automating mundane, repetitive activities.