Formula VC

🚀 A new milestone for Formula VC Fund II

We’re pleased to share that C-Quadrat Ampega Asset Management Armenia has committed USD 6,1 million to Formula VC Fund II.

This marks another important step in strengthening the connection between Armenia’s long-term capital and its technology sector, investing in the next generation of early-stage companies with patient, institutional capital.

We’re grateful to C-Quadrat Ampega Asset Management Armenia for their continued trust and partnership. Having backed Formula VC since our first fund, their continued commitment to Fund II is an important milestone for us and for Armenia’s venture ecosystem. 🤝

Read the full story and learn more about the investment in the comments. 👇

Prelaunch.com raises its Pre-Series A round, with Formula VC making a followon investment.

👏 After participating in Prelaunch.com’s earlier $1.5M seed round, Formula VC is once again backing the Armenian-founded product validation platform as it enters its next stage of growth.

Prelaunch.com helps companies test real market demand before launching products — using reservation-based validation, customer insights, price testing, and market research tools to reduce risk and support smarter product decisions.

With a growing global community, 1000+ trusted brands, and international recognition at the 2025 ESOMAR Awards, Prelaunch.com continues to prove that Armenian-founded startups can build products for global markets.

🚀 Formula VC backs PEARCH.AI, a next-generation people search infrastructure built for the AI era.

PEARCH enables platforms, ATSs, and AI agents to discover highly relevant candidates through natural language search, delivering recruiter-level precision across hundreds of millions of profiles and companies.

What stands out is the team’s strong technical approach and focus on retrieval quality. In a space still dominated by keyword filters and rigid sourcing workflows, PEARCH is building semantic search infrastructure designed for increasingly AI-native products and enterprise systems.

The company’s technology has already demonstrated strong benchmark performance against major search platforms, reinforcing the growing importance of high-quality retrieval in AI workflows.

Formula VC is an early investor in PEARCH.AI, with $300,000 invested across two funds.

We’re excited to back a team building the next generation of AI-powered search infrastructure. 🙌

Formula VC joins the investment in aqeel — a fintech startup helping small businesses turn cash flow into growth 👏

aqeel is building a practical financial platform for small and mid-sized businesses, especially U.S. manufacturers, who often face one of the toughest operational challenges: paying suppliers upfront while waiting to collect revenue from customers.

By aligning incoming and outgoing payments, aqeel helps businesses access more flexible payment terms, manage invoices more efficiently, reduce cash pressure, and keep operations moving without slowing down growth.

Formula VC’s investment in aqeel highlights a strong belief in the future of smart, founder-focused financial infrastructure — tools that solve real business problems and unlock growth for the companies that keep industries running.

Excited to support aqeel on its journey forward🚀

🌍 𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐭𝐚𝐤𝐞 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐠𝐥𝐨𝐛𝐚𝐥𝐥𝐲 𝐟𝐨𝐜𝐮𝐬𝐞𝐝 𝐕𝐂 𝐟𝐮𝐧𝐝 𝐚𝐫𝐨𝐮𝐧𝐝 𝐀𝐫𝐦𝐞𝐧𝐢𝐚𝐧 𝐟𝐨𝐮𝐧𝐝𝐞𝐫𝐬?

In a recent interview with The Tech, Karen Vardanyan, General Partner at Formula VC, shared insights into the fund’s investment strategy, what Formula VC looks for in early-stage startups, the role of AI and frontier technologies, and what makes Armenian founders stand out globally. 🚀

Read the full interview in the comments. 👇

Portfolio highlight ✅

EasyDMARC is partnering with KnowBe4 to strengthen proactive email security at scale.

The collaboration brings together domain-level protection and workforce security, enabling organizations to reduce exposure before threats reach the inbox.

A strong example of how cybersecurity is evolving from reactive defense to continuous, integrated prevention.

👏🏻 Congrats to the EasyDMARC and KnowBe4 teams on this milestone.

🚀 Wirestock raises a $23M Series A to scale its multi-modal AI data platform.

Since our first investment in 2023, we’ve closely followed Wirestock’s evolution from a creator marketplace into a critical infrastructure layer for AI labs, supplying high-quality image, video, 3D, and creative datasets for the next generation of foundation models.

As part of this round, Formula VC increased its total investment in the company to $1.4M, making it our largest investment to date.

What makes Wirestock particularly compelling is the team’s ability to recognize a major market shift early and execute quickly. As demand for high-quality multi-modal datasets accelerates globally, the company has built a scalable platform connecting more than 700,000 creators with some of the world’s leading AI model developers.

Today, Wirestock works with six major AI labs and continues expanding its capabilities across video, 3D, and other emerging modalities, positioning itself at the center of the evolving AI infrastructure landscape.

👏 Congratulations to Mikayel Khachatryan, Vladimir Khoetsyan, PhD, Ashot Mnatsakanyan, Hovhannes Kuloghlyan, PhD, and the entire Wirestock team on this major milestone.

More details via the link in the comments. 👇

🚀 As a partner of AI Conf Armenia 2026, Formula VC hosted a private dinner bringing together AI scientists, founders, partners, and members of the ecosystem.

A chance to connect in a more informal setting, exchange perspectives, and continue the conversations beyond the conference. 🥂🤝

☀️ Portfolio highlight: Areg.AI is expanding into Spain 🇪🇸 through a partnership with Ansasol, bringing its solar autopilot technology to one of Europe’s fastest-growing renewable energy markets.

By combining autonomous O&M with local expertise, Areg.AI is addressing a growing gap between solar capacity and the workforce needed to operate it.

👏 Excited to see the Areg.AI team continue scaling globally and pushing the boundaries of clean energy innovation.