Top 10 SaaS VC Funds &amp; Investors in Armenia (October 2023)

Pre-seed VC fund backed by Tim Draper & entrepreneurs / professionals. AI, Security, IoT, Biotech, Quantum across Armenia, California, Boston, NYC, Eastern Europe

Investment focus

Industry: Artificial Intelligence, Machine Learning, Computer Vision
Stage:Pre-Seed, Seed, Angel
Geography: United States, Armenia

Investor stats

Total investments: 22
Round size: Seed $2M–$3.5M; Pre-Seed $250k–$1.1M
Lead/follow: 55% lead, 45% follow
Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

Cloudchipr — Cut your cloud bills in a few clicks.
Modicus Prime — Bringing Self-Service AI to the Life Sciences
Expper Technologies — Expper Technologies is a robotics company that develops social robots that serve as a companion for kids in hospitals.

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Sierra Ventures is an early-stage venture capital firm investing in the future of enterprise, healthcare, infrastructure, and more.

Investment focus

Industry: Software, Information Technology, Enterprise Software
Stage:Series A, Series B, Seed
Geography: United States, China, India

Investor stats

Total investments: 285
Round size: Seed $1.2M–$7.5M; Series A $2.9M–$15M; Series B $4.5M–$34M
Lead/follow: 30% lead, 70% follow
Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

Paro — Paro empowers businesses & finance professionals to pursue meaningful work & achieve success, harnessing the power of people and technology.
Qualiti — Qualiti uses AI to test any software product with no human input.
PackageX — PackageX is revolutionizing the logistics industry with the world's first Headless Logistics Cloud. PackageX empowers retail and commercial enterprises to achieve unprecedented success by delivering unparalleled developer experiences, workflow improvements, customer loyalty, and profitability.

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Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

Investment focus

Industry: Software, SaaS, Internet
Stage:Seed, Series A, Series B
Geography: Germany, United States, France

Investor stats

Total investments: 214
Round size: Seed $800k–$4M; Series A $1.6M–$24M; Series B $6M–$40M
Lead/follow: 32% lead, 68% follow
Last fund: Likely still investing — raised $193M in 2022

Portfolio highlights

Sereact — Discover the world's easiest pick-and-pack automation solution. Significant cost savings, productive 24/7, deployment in one day and no training required.
Grasp — Grasp mission is to increase the rate at which humans learn.
Amperecloud — ampere.cloud is Renewables & Environment company

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A global, early-stage venture capital firm, backing founders who use technology to reimagine how the world works like Datadog, DeliveryHero and Cred.

Investment focus

Industry: Software, Information Technology, E-Commerce
Stage:Series A, Seed, Series B
Geography: United States, India, Germany

Investor stats

Total investments: 165
Round size: Seed $1M–$6.6M; Series A $5M–$36M; Series B $8M–$82M
Lead/follow: 29% lead, 71% follow
Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

Wiom — Provides affordable and unlimited Internet to Middle and lower middle income households
Alvys — Alvys is a cloud-based transportation management system with high-tech automation. Specializing in workflow efficiency for small to mid-size carriers. Alvys stands out by saving carriers and freight brokers more time per load than any other TMS! Save up to 30 minutes per load, organize your operations in one place, scale with ease and integrateall your favorite tools. The proof is in the workflows and here's a sneak peek of our popular features:• Driver App • Tracking & Tracing • Source for Truck Capacity • End-to-End Visibility • One Click Accounting • Analytics & Reporting • Safety & Maintenance • Integrations • Benefits for BrokersTRY US FOR FREE! www.alvys.com
Yonder — A modern lifestyle credit card packed with rewards, no foreign exchange fees, and loads more. Apply without needing a UK credit score.

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s16vc is an early-stage founder-centric angel fund. The fund focuses on early stage technology investments, operating globally in Europe, and the US. We have brought together more than 80 founders & operators to support early stage companies in their growth. Fund partners are active founders and operators: - Oleg Bibergan - Co-founder &Co-Managing Partner at s16vc, venture investor & corporate finance executive with 15 years of experience spanning early, growth, and late stage deals as equity investor with GS SSG, Kismet Capital Group, and personal angel portfolio- Aleks Shamis - Co-founder & Co-Managing Partner at s16vc. Ex-Deputy CEO at Borzodelivery.com (global on-demand delivery business, operating in 10 countries)- Mike Peregudov - Founder & CEO at Pivot.ws (EdTech startup in the US market), Food Party (exit to Yandex)- Leo Batalov - Partner, Global Co-Head of Emerging Growth Companies & Venture Capital at DLA Piper, top international law firm- Egor Rudi - Founder & CEO at Profi.ru (leading services marketplace in Eastern Europe), Co-founder at Hands.ru (first Uber-like marketplace in home improvement market)- Tolya Marin - Founder at Payment systems (fintech company with profit per employee > PayPal & 20m installs/ 5m MAU)- Andrey Khusid - Founder and CEO of Miro, the world's most popular visual collaboration platformBeing founders ourselves, we are confident that people succeed, not ideas, and feel immense respect for every founder who perseveres to the point of creating impact and monetizable value. We invest in teams who share our values: - People succeed, not ideas- Community, not individual- Trust- Transparency- Intrinsic motivation to help- Pay forward- Beginner mindset

Investment focus

Industry: Software, Information Technology, SaaS
Stage:Seed, Series A
Geography: United States, Germany, United Kingdom

Investor stats

Total investments: 56
Round size: Seed $2M–$46M; Series A $900k–$20M
Lead/follow: 5% lead, 95% follow

Portfolio highlights

Whizz — My Device is a subscription-based rental service provider for devices like electric scooters, bicycles, home sports equipment, etc.
Qase — Qase is a modern test management platform for manual & automated QA testing & reporting that helps your team deliver a higher quality product, faster.
Awell Health — Ollie is a vast library of over 100 interface blocks with complete Webflow CMS integration. Build beautiful websites in less time than ever.

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We're the early-stage venture capital fund backed 100% by founders. Pre-Seed and Series A for SaaS, Marketplaces & Platforms.

Investment focus

Industry: Software, SaaS, E-Commerce
Stage:Seed, Pre-Seed
Geography: The Netherlands, Germany, Belgium

Investor stats

Total investments: 75
Round size: Seed $536k–$3.6M; Pre-Seed $536k–$2.6M
Lead/follow: 61% lead, 39% follow
Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

Enersee — Optimize energy utilization with our AI-driven platform designed for energy managers. Detect issues, identify improvement areas, and make informed decisions with real-time insights to increase efficiency and reduce waste.
Helio — Accept decentralised crypto payments across Solana, Ethereum and Polygon for your NFT sales, e-commerce, subscriptions & more!
Neople — Every employee deserves an assistant. Meet the Neople, and increase your productivity simply by starting a conversation with them. Trained on your documents, available in your pocket.

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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 projects engaged in SAAS, IoT and AI from Armenia and nearby regions.The projects we look at:Stage: funded by angel groups/ other pre-seed vehicles orbootstrapped Performance: generate sustainable ARR of $100k+ or possess an active user base of 100k+.

Investment focus

Industry: Information Technology, Hospital, Artificial Intelligence
Stage:Seed, Pre-Seed, Series A
Geography: United States, Armenia

Investor stats

Total investments: 9
Round size: Seed $1.2M–$2.3M
Lead/follow: 11% lead, 89% follow

Portfolio highlights

EasyDMARC — Get started with EasyDMARC to stop hackers from sending emails from your domain. EasyDMARC provides the best email authentication tools like DMARC, SPF, and DKIM
ViralMango — Viralmango is a SaaS company that helps brands and agencies scale their Influencer Marketing campaigns using advanced AI-powered technologies. ViralMango's all-inclusive approach ensures that brands have a streamlined and efficient process for executing their influencer marketing campaigns. By handling everything from influencer identificationand outreach to campaign management and analytics, ViralMango allows brands to focus on their core business while still benefiting from the reach and engagement of influencer marketing.
Prelaunch.com — Test your product-market fit, get pre-orders & build the audience of your early supporters

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Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

Investment focus

Industry: Software, Information Technology, SaaS
Stage:Pre-Seed, Seed, Series A
Geography: Singapore, United Kingdom, Australia

Investor stats

Total investments: 363
Round size: Seed $510k–$7.5M; Pre-Seed $100k–$1M; Series A $600k–$29M
Lead/follow: 55% lead, 45% follow
Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

FitFlo — FitFlo brings to life the connected gym experience for Operators, Trainers and Members.
Mole — Mole is a digital business card and mobile website software. Connect with your clients, promote your business online and much more. Comes with free customised NFC business card.
Optacloud — Fostering a global AI powered ecosystem to achieve 100% cloud efficacy-> effortlessly, economically and eco-consciously. Dev tools stack for automating the entire development lifecycle of cloud apps across- Build, Deploy & Optimize.

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HIVE Ventures provides capital, community, and connections to help you build your business.

Investment focus

Industry: Artificial Intelligence, Health Care, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: United States, India, Brazil

Investor stats

Total investments: 12
Round size: Seed $1.6M–$3.5M; Series A $5M–$22M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

CloudWalk — Our vision is to create the best payment network worldwide
PayEngine — Let customers accept payments within your platform while monetizing from their revenue stream
Krisp — With a single button, Krisp removes all background noises for incoming and outgoing calls. Increase your productivity by having professional and noiseless conference calls from anywhere.

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