Investor Lists

Investors based in Armenia

Updated 7 November 2026

Firms headquartered in Armenia, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Armenia.

See all 37 →The top 25
37investors on the listNo change this week
1cheques in 12 monthsToo few cheques to tell
$17Mmedian round they joined+106% against the market median
3%wrote a cheque in 12 months
0%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (1)

  1. 1Granatus VenturesquietVC firm · Armenia8$460Kmedian roundNov 2015last seen
  2. 2Formula VCDeploying nowVC firm · Armenia3$17Mmedian roundMay 2026last seen
  3. 3UNIONquietVC firm · Armenia1$23Mmedian roundJul 2025last seen
  4. 4ARCTYRON TECHNOLOGIESunknownVC firm · Armenianone observed-median round-last seen
  5. 5Angel Investor Club of Armenia (AICA)unknownAngel network · Armenianone observed-median round-last seen
  6. 6ArmTech Impact VCunknownVC firm · Armenianone observed-median round-last seen
  7. 7Armenian National Interests FundunknownGovernment · Armenianone observed-median round-last seen
  8. 8Armenian Youth Empowerment Fund/AYEFunknownInvestment firm · Armenianone observed-median round-last seen
  9. 9Aybuben VenturesunknownVC firm · Armenianone observed-median round-last seen
  10. 10BANA AngelsunknownAngel network · Armenianone observed-median round-last seen
  11. 11Balchug CapitalunknownPrivate equity · Armenianone observed-median round-last seen
  12. 12Berkeley FundunknownInvestment firm · Armenianone observed-median round-last seen
  13. 13Capital Asset Management CJSCunknownInvestment firm · Armenianone observed-median round-last seen
  14. 14Diaconia Charitable FundunknownInvestment firm · Armenianone observed-median round-last seen
  15. 15Dimension InvestmentsunknownInvestment firm · Armenianone observed-median round-last seen
  16. 16Encore Asset ManagementunknownArmenianone observed-median round-last seen
  17. 17Fast CreditunknownVC firm · Armenianone observed-median round-last seen
  18. 18Forgeup VenturesunknownVC firm · Armenianone observed-median round-last seen
  19. 19FormulaVC venture fundunknownInvestment bank · Armenianone observed-median round-last seen
  20. 20Fund for Rural Economic Development in ArmeniaunknownGovernment · Armenianone observed-median round-last seen
  21. 21Gazelle Finance ArmeniaunknownPrivate credit · Armenianone observed-median round-last seen
  22. 22Hayastan All Armenian FundunknownInvestment firm · Armenianone observed-median round-last seen
  23. 23Integra Asset Management LimitedunknownArmenianone observed-median round-last seen
  24. 24LiliunknownInvestment firm · Armenianone observed-median round-last seen
  25. 25Little Star Charitable FundunknownInvestment firm · Armenianone observed-median round-last seen
12 more on this list

All 37 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

See the whole list →

Quick answers about investors based in Armenia

Who are the most active investors based in Armenia?

By cheques observed, the most active are Granatus Ventures, Formula VC, UNION, ARCTYRON TECHNOLOGIES and Angel Investor Club of Armenia (AICA).

How many investors based in Armenia are there?

37 are on record. 3% made an investment in the last 12 months.

Which stages do investors based in Armenia back?

Of the rounds with a named stage in the last 12 months, mostly Series A (100%).

Which sectors do investors based in Armenia back most?

In the last 12 months, mostly AI, Big Data & Analytics and Marketplaces.

What have investors based in Armenia invested in recently?

Recent rounds include Wirestock (Series A, May 2026, with Formula VC), Foundation EGI (Series A, Jul 2025, with UNION) and BlueQubit (Seed, Dec 2024, with Formula VC).

How is this list of investors based in Armenia ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Can I see all 37 investors based in Armenia?

The top 25 are here. All 37 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000.

Built from the rounds we watched, refreshed every night. How we count · Report a correction