Formula VC is aimed at taking the talented and innovative teams through their early stage journey.
Supporting startups with our extensive network and resources during their crucial growth stages, empowering them to become global leaders in their domains.
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Grigor Hovhannisyan is a serial entrepreneur with expertise in security systems, investing in technology and electronics industries. He is the President at BANA Angels, the 1st and the most active angel network in Armenia, founder of Premier Integrated Technologies, that has a contract with The Department of Homeland Security. Grigor has been in the Armenian Tech scene since 2003 as a co-founder of now the largest FinTech startup Idram (exited in 2016).
Karen Vardanyan holds around 10 years of diverse experience in finance and banking at HSBC. He co-founded Sprint Crowdfunders' Fund, a unique fund investing in IoT projects that are entering the market through crowdfunding. Since mid-2018s, more than 200 projects from 26 countries backed by the Sprint have raised more than $100M.
Sona Veziryan is the Director at BANA Angels, the first and most active Angel Network in Armenia with 30 startups in the portfolio and over $3,5M invested through the network. She has a solid background in working with startups on their business development and has led a number of successful deals. Sona is also the Co-founder and Syndicate Lead at The Syndicate by BANA, which pioneered syndicate vehicles in Armenia.
Proprietary access to deals with growth potential
Network of founders, VCs, and executives from leading global companies and innovation hubs
Strong team actively involved in international innovation ecosystems
Solid advisory board from global innovation and financial hubs
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