Formula VC
Formula Hub, Buenos Aires Park, Yerevan, Armenia
Overview
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.
- Total investments
- 5
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Artificial Intelligence (AI)
- Internet of Things
- SaaS
Investment portfolio
- Wirestock
Participated · Series A · May 2026
Originally a distributor for photographers and designers across stock marketplaces, Wirestock pivoted in 2023 to become a data supplier for AI, offering curated and custom datasets of images, video, design assets, and 3D/gaming content. The platform has signed up more than 700,000 artists and designers and reports it supplies data to six of the largest foundation model makers. Wirestock reported an annual run-rate revenue of $40 million and has paid out $15 million to contributors; it employs about 60 people. The company uses a mix of AI and human reviews and requires applicants to complete a quality-check task before joining as contributors. Wirestock is exploring additional modalities such as audio and music and is building enterprise software and expanding teams in research, engineering, and product to scale its data-supply business. The firm shifted some internal teams to focus on annotation, labeling, and enterprise sales to meet custom dataset requests from AI customers.
- BlueQubit
Participated · Seed · Dec 2024
BlueQubit, founded in spring 2022, builds a Quantum Software-as-a-Service (QSaaS) platform that gives end users access to QPUs and quantum computing emulators. The company leverages large-scale classical compute—a fleet of GPUs—to develop and test quantum algorithms before deploying them on real quantum processors. Its software stack runs emulators up to 100 times faster than commonly available alternatives and includes algorithms for quantum machine learning and quantum optimization. BlueQubit targets use cases in financial modeling, pharmaceutical development, and materials‑science visualization, aiming to marry enterprise applications with advanced quantum hardware. Founders Hrant Gharibyan and Hayk Tepanyan met at Stanford; Gharibyan co-authored a wormhole teleportation algorithm later implemented by Google Quantum AI, and Tepanyan previously worked on Google’s infrastructure team. The company recently raised a $10 million Seed round to advance product development and commercialization.
- Prelaunch.com
Participated · Seed · Mar 2023
Prelaunch is an Armenian startup that helps hardware founders test product-market fit by running reservation-style prelaunches that measure real willingness to pay. Its core product uses simple marketing funnels and two-page test sites (interest page + price/buy page) to capture real purchase intent rather than survey responses. The team says it has worked with more than 1,000 companies and receives over 100,000 visitors per month to its platform. Prelaunch evolved from a marketing agency experience and emphasizes a behavioral-economics approach to reduce wasted production and inventory. The company had been bootstrapped to date and is now expanding its engineering, marketing, and customer efforts. CEO Narek Vardanyan says the product helps founders and companies learn pricing, positioning, and customer segments earlier in development.
- EasyDMARC
Participated · Seed · Aug 2022
EasyDMARC offers a user-friendly platform to implement DMARC-based email authentication, protecting senders and recipients from spam, spoofing and phishing. The company has grown to more than 83,000 customers across over 130 countries since its 2018 founding by Gerasim Hovhannisyan and Avag Arakelyan. Enforcement moves by Google and Yahoo in 2023 accelerated demand for the product, and upcoming standards like PCI DSS are expected to further benefit adoption among fintechs. EasyDMARC emphasizes ease of implementation so customers do not need deep expert knowledge. The startup operates in a competitive space with players such as Valimail, ProofPoint and Minecast. Management says it will leverage investor networks to expand in the U.S. and globally. EasyDMARC provides a B2B SaaS platform that makes DMARC-based email authentication simple for SMEs by securing domain and email infrastructure, blocking phishing and improving deliverability. The company says it has 30,000 clients across 130 countries and has analyzed 9 billion emails. Founded in 2018 by Gerasim Hovhanisyan and Avag Arakelyan, EasyDMARC was born out of the founders' work in information security and a perceived lack of easy-to-use DMARC tools. The startup positions its product as a practical way to harden email against spoofing and phishing and to boost legitimate email performance. After a period of bootstrapping, the company has begun taking external capital to expand its impact on the billion-dollar phishing industry. EasyDMARC is a software-as-a-service solution that protects businesses from unauthorized use of corporate domains for spam and fraud by implementing DMARC-based email authentication. Its platform ingests DMARC XML reports, applies AI-powered anomaly detection, and issues smart “Easy‑Alerts” to give technical teams visibility and control. The product also aims to improve email deliverability and reputation for customers. EasyDMARC reports having the highest-rated customer reviews on G2 and currently serves more than 10,000 customers. The company said it will use new investment to accelerate growth over the next 12 months and to expand its user base and email-security development initiatives through 2022. The announcement situates the company in Middletown, Delaware and emphasizes increased corporate demand for anti-phishing solutions amid the COVID‑19 pandemic.
Team
Sona Veziryan
Partner
LinkedIn