Armenia’s Angel & VC Deals 2025 – 3N's Intermediary Recap of 2025

8 investments | 1 exit

🚀 Investment Deals
1) BANA Angels & Formula VC → Prodmap AI
2) STAN & Triple S Ventures → My Town AI
3) STAN → Stealth Startup (undisclosed)
4) Alchemist Doha → Denovo Sciences
5) Plug & Play → Prodmap AI
6) STAN → SimCare AI
7) Dell Technologies Capital → SuperAnnotate ($13.5 M; making the total of SuperAnnotate's Series B round $50 M)
8) STAN → TACTUN

Exit:
Braze acquired OfferFit — co-founded by George Khachatryan — for $325 M.

Note from 3N
The overall number of investment deals on 3N in 2025 was significantly less than we saw in previous years.
Worth digging deeper to see the reason.

However, the year that has a $325M exit announcement is still special :)

📢 Tell Us What We Missed:
Please let us know if we missed any deals or rounds that were announced publicly but we missed them.

Help us to keep the ecosystem deal map up to date.

#3N #EcosystemRecap

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📢 A personal request to the startup community

Hasmik Meloyan, a Master’s student at AUA, is conducting research on barriers to finance for Armenian startups as part of her thesis (I'm Hasmik's academic supervisor for the thesis prep).

She has launched a survey to capture quantitative insights and map the key challenges founders face when raising capital.

Please take 4 minutes to share your perspective — your input will help Hasmik build a more complete picture of our ecosystem’s realities.

🔗 Hasmik’s LinkedIn Post
📝 Take the Survey

Feel free to reach out to Hasmik directly (through LinkedIn) if you have anything additional to share with her on this study.

Thank you for your support and time 🙏

Ruben

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Join PyData Yerevan’s October Meetup

How can we predict events that have never happened before?

At this month’s PyData Yerevan meetup, Nikolai Semiachkin will explore how LLMs and prediction markets can help estimate probabilities for rare, high-impact events.

Join the session to explore new ways of thinking about forecasting and uncertainty.

📅 Date: October 30
🕖 Time: 7:00 PM
📍 Location: 213w, PAB, American University of Armenia
🔗 Register here: https://forms.gle/Cr7g2CCkGB9w9dD19

#PyDataYerevan #AI #LLM

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🇦🇲 Dexatel launches on Product Hunt

Armenian tech company Dexatel has introduced a new Email OTP / 2FA verification feature on Product Hunt, marking its first launch on the platform.

Dexatel is an all-in-one Communications Platform as a Service (CPaaS) that enables global customer communication via SMS, Voice, WhatsApp, Viber, Telegram, and Email through a single API.

The new feature expands its verification options, allowing businesses to verify users securely via email. It also supports Dexatel’s smart fallback system, which automatically switches between channels (e.g., SMS to email) to ensure every verification is delivered.

🔗 Check it out and show your support on Product Hunt.

#Dexatel #ProductHunt #CPaaS

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Renderforest Launches AI Video Generator on Product Hunt

🇦🇲 Armenian tech company Renderforest has launched its new AI Video Generator on Product Hunt.

What’s new: The tool allows users to type an idea and automatically generate a complete video, featuring consistent characters, natural voiceovers, and full editability all within minutes.

👉 Explore and upvote it on Product Hunt.

#Renderforest #ProductHunt #VideoGenerator

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🚀 Plug and Play Armenia – Community Series #1

Join the first event of the Plug and Play Armenia Community Series, a new monthly gathering bringing together Armenia’s local and global players of the startup ecosystem. Each month will spotlight a key theme shaping the future of innovation, with insights from Plug and Play mentors, alumni founders, and guest investors.

This month’s focus: Fundraising in an International Environment
Learn how to raise capital across borders, build lasting investor relationships, and scale globally.

Event Details:
November 5 at ISTC Foundation

Agenda:
- 18:30: Registration
- 19:00: Intro – Anthony Tourtois
- 19:10: Panel – Arthur Karapetian, Kevin Chavanne, Colin Turner, Hannah Boomgaarden
- 19:40: Presentation – Ruben Osipyan (STAN) 🫣
- 20:00: Q&A
- 20:15: Closing Remarks
- 20:30 – 21:30 Networking & Drinks

🎟 Spots are limited — Secure Your Spot Here

#Networking #Event #PlugAndPlay

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🚀 Applications Open for UCLA Anderson Winter Accelerate Program

The Venture Accelerator at UCLA Anderson is now accepting applications for its Winter Accelerate Program. It is a 3-month journey (February–May) designed for early-stage founders ready to move from pre-seed to seed funding.

Who can apply:
- UCLA students, alumni, and members of the Los Angeles / UC community
- Founders with a prototype or launched product, early traction, and a full-time team.

Program Highlights:
- Expert mentorship, investor exposure & growth workshops
- Covers fundraising, scaling, go-to-market, and leadership
- $3,000 program fee (waived for UCLA Anderson students)

Application Deadline: November 21, 2025 (11:59 PM PT)
Apply Here: https://ucla.startuptree.co/event/s/24dUC33j74isSfn2jLbAqM/Winter-Accelerate-Program

#UCLA #VentureAccelerator

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IBM Researcher to Speak at PyData Yerevan

What happens when small language models are asked the same question twice — and don’t give the same answer?

That’s the question Dr. Claudio Pinhanez, Principal Research Scientist at IBM, will explore at the upcoming PyData Yerevan meetup. 

His talk, “The Non-Determinism of Small LLMs,” dives into how smaller models (2B–8B parameters) handle repeated multiple-choice tests, and what that reveals about their accuracy and reliability.

📅 Date: November 6
🕖 Time: 7:00 PM
📍 Venue: Room 213W, PAB, American University of Armenia
🔗 Register here

#PyDataYerevan #AI #machinelearning #LLMs #AUA

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🚀 Save the Dates - Sevan Startup Summit 2026 - Jul 26 to Aug 1, 2026

Source: Seaside Startup Summit

The dates of the Sevan Startup Summit in 2026 are announced. The event will take place from Jul 26 to Aug 1, 2026 at the Sevan Festival City (Google Map Link).

This is:
– An opportunity for early-stage startups to pitch, grow, and connect with investors and mentors.
– A must-attend gathering for ecosystem builders to network, collaborate, and discover emerging talent.
– A chance for companies as well as scaling startups to sponsor the summit and give back to the community.

Application forms are coming soon!

#Sevan26 #SevanStartupSummit #SeasideStartupSummit

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eqwefy - Democratizing Investments in Armenian Startups

eqwefy is reshaping how investors engage with Armenia’s tech ecosystem and makes early-stage investment more accessible, transparent, and responsible.

The platform connects investors with carefully vetted Armenian startups, each already backed by professional venture funds or angel investors. Every listed company undergoes internal due diligence and expert screening before being featured.

Investors can start with as little as 10,000 AMD (~$25) — opening startup investments to a broader, global community.

To date, $235K USD across three startups was invested through eqwefy in 2025.
• Exorde: $50K (AMD 19M)
• Tactun: $85K (AMD 32M)
• rBlox – $100K (AMD 40M)

👉 Explore more on eqwefy here: https://eqwefy.com/

👏 Kudos and congratulations to Samson Avetian, CEO of eqwefy, for building and launching this platform 👏

#eqwefy #Investment #StartupEcosystem

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Calling Deep Tech Startups for Horizon Europe!

Source: EIF

The Enterprise Incubator Foundation (EIF) is launching a program to help deep-tech startups to apply for Horizon Europe funding opportunities.

The program provides support, including call matching, proposal development, partner identification, mentoring, and application assistance for major Horizon Europe instruments such as the EIC Accelerator and other SME innovation calls.

Application deadline: November 15, 2025
Learn more and apply here: https://www.eif.am/eng/news/acceleration-program-horizon-2025-2026/

A great opportunity for Armenian deep-tech founders to tap into EU R&D funding opportunities!

#EIF #HorizonEurope #DeepTech #Startups #Acceleration

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Deep-Tech Founders: EIC Pathfinder Deadline Is Approaching!

The European Innovation Council (EIC) is inviting research teams and deep-tech startups to apply for EIC Pathfinder 2025, funding instrument supporting science and breakthrough innovation.

This is a grant funding opportunity of €300K to €500K to support early stage development of future technologies.
The grant will cover 70 % of eligible cost of the project. The remaining 30% should be co-funded by the beneficiary through its own resources.

Applicants must demonstrate:
- high-impact innovation that could create new markets or disrupt existing ones (at least TRL 4);
- ownership of the Intellectual Property Rights to ensure freedom to operate and adequate protection of the idea;
- a clear vision on the intended pathway to market (milestones together with concrete and verifiable KPIs to assess progress towards the market);
- the ambition and commitments to scale up.

Application Deadline: November 18, 2025
Learn more and apply: https://eic.ec.europa.eu/eic-funding-opportunities/eic-pre-accelerator_en

✅ Companies incorporated in Armenia are eligible for this opportunity.

#EIC #Pathfinder #HorizonEurope #DeepTech #Innovation #Armenia

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🇦🇲 Picsart launches Vibe Design Suite on Product Hunt

Armenian-born tech unicorn Picsart has launched its Vibe Design Suite, featuring two new AI-powered tools — Picsart Assistant and Picsart Flows.

Picsart Assistant acts as a conversational design partner, generating layered and editable visuals through natural dialogue. Users can describe their goals or desired aesthetic, and the AI builds the design step by step in real time.

Picsart Flows introduces a collaborative, infinite canvas for teams to design, automate, and scale campaigns efficiently. It integrates all creative tools in one place, allowing real-time collaboration and reusable workflows.

The launch highlights Picsart’s continued focus on AI-driven design tools and collaborative creation experiences.

🔗 Explore and upvote the launch on Product Hunt.

#Picsart #ProductHunt #AIDesign

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Granatus Ventures Invests in Quiltt!

Source: Granatus Ventures

Granatus Ventures has announced its investment in Quiltt as part of the company’s $2.6M seed round. Founded by Ruben Izmailyan and Mark Bechhofer, Quiltt streamlines the fragmented financial API landscape by providing a single, secure layer that unifies access to bank data, identity, and payments infrastructure. Quiltt enables developers and businesses to build financial products faster, more securely, and with greater flexibility. The platform’s unified approach helps accelerate innovation across the fintech ecosystem.

Granatus Ventures’ investment supports Quiltt’s mission to advance more transparent, inclusive, and efficient financial systems.

Congrats to Granatus and Quiltt teams on this partnership 👏

#Quiltt #GranatusVentures #Investment

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EnviTech x Human Rights Ideathon by TUMO Labs

Source: TUMO Labs

TUMO Labs is organizing a 48-hour EnviTech x Human Rights Ideathon focused on developing tech-based solutions at the intersection of environmental challenges and human rights.

Topics include (but not limited!):
- air pollution
- water access
- forest protection
- biodiversity loss
- landfill monitoring
- environmental data transparency

The program is open to participants aged 18–35, regardless of background. Selected participants will form teams and work with mentors and domain experts to develop practical, scalable ideas. The team with the strongest concept will receive 500,000 AMD to continue building their project.

Participation is limited to 30 people.

Application deadline: December 3
Find More Details and Apply: https://tumolabs.am/envitech-x-human-rights-ideathone⁩

#TUMOLabs #Ideathon

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If you are an investor or a media representative attending Slush, don't miss a chance to attend an Investor Happy Hour With Latvian Startups 🇱🇻!

A fellow Armenian founder Nerses Khachaturian will be among the founders pitching at the event.

Date & Time: Nov 20 at 2pm

Find more details and sign up here:
https://platform.slush.org/public/slush25/activities/8c702a45-a280-4fc6-ba71-12f5ba5b5ec9

#Slush #InvestorHappyHour

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Humility is a Strength! Watch this video where Lloyd Tabb discusses the way to find product market fit. While the conversation is exciting itself, one thing strikes out. The guy exited his startup to Google for $2.6 bln (❗️), but speaks with more humility than many less successful founders around us 🥰

US approves export of NVIDIA AI chips to Armenia for Firebird AI project

Sources: Enterprise Armenia, Dell Technologies, Presswire

The US Government has approved the export of NVIDIA AI chips to Armenia for the Firebird AI initiative.

This allows the launch of the first large-scale AI data center in our region – a 100 MW facility with an initial $500M investment, as part of a multi-billion-dollar initiative to establish high-capacity AI supercomputing infrastructure in the region.

As officially announced by Dell in a press-release, this project will be supported by Dell Technologies, providing Dell PowerEdge AI servers and NVIDIA Blackwell GPUs. The data center will support AI development across sectors, including life sciences, robotics, and space.

Phase one of the deployment is scheduled to go online in the first half of 2026.

Photo: Enterprise Armenia

#FirebirdAI #AIFactory

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