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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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Benivo, the leading end-to-end employee mobility management platform announced a $12 million funding round led by Updata Partners. With this new capital, Benivo will grow its teams in the US, UK, Armenia, and India, and continue to expand its unified mobility solution.

Benivo is a London based startup providing SaaS solutions for the HR market.

They are a portfolio company of the Armenian VC fund Granatus Ventures.

Congrats to Benivo and Granatus Ventures on this success!

https://t.me/threenstartups

#benivo #granatusventures #successstory #investment
Granatus Ventures has been officially announced the REGIONAL WINNER in the BEST VC category in Euro-Asian Startup Awards competition at Global Startup Awards.

Congratulations to our friends from Granatus Ventures. Fingers crossed in pursuit for the top prize in Grand Finale in March, 2023 in Denmark!

https://t.me/threenstartups

#granatusventures #regionalwinner #euroasianstartupawards #successstories
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Reps of Armenian Business Angel Networks and VC funds shared their insights about the the role of VC Funds and Business Angel Networks in building a strong startup ecosystem.

Thanks to Lana Petrosyan for the initiative and such an informative content.

Thanks to the speakers for their time and openness:

- Grigor Hovhannisyan, BANA Angels
- Arto Minasyan, BigStory VC
- Manuk Hergnyan, Granatus Ventures
- Karen Vardanyan, Formula VC
- Arthur Mikaelyan, Angel Investor Club of Armenia (AICA)
- Vazgen Hakobjanyan, SmartGateVC
- Suzanna Shamakhyan, Science and Technology Angels Network (STAN)

πŸ‘‰ Watch the full video here.

https://t.me/threenstartups

#aica #bana #stan #granatusventures #smartgatevc #bigstoryvc #formulavc #gituzh
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Grantus Ventures announced investment in Endometrics, a medtech company specializing in developing a revolutionary non-invasive diagnostic solution for endometriosis.

Endometrics, is led by award-winning ObGyn and researcher Yana Aznavour. The startup is a Berkeley-based company with a team in Armenia. Endometrics recently graduated from the UC Berkeley accelerator and received the first-prize award in the emerging startup category at the Women’s Health Innovation Summit Startup Showcase.

Congratulations to the startup and investor on this achievement!

https://t.me/threenstartups

#endometrics #granatusventures #investment #deeptech #medtech #successstory
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Prelauch announced closing a $1.5M seed round. BigStory VC led the round. Investors include Formula VC, Granatus Ventures, Business Angel Network of Armenia (BANA) and Vahe Kuzoyan, the co-founder of ServiceTitan.

Congratulations to the startup and investors on this significant achievement! We will look forward to hearing more success stories from Prelaunch team!

https://t.me/threenstartups

#prelaunch #narekvardanyan #investment #seedround #bigstoryvc #granatusventures #formulavc #bana #vahekuzoyan #successstory
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Granatus Ventures, in partnership with CIVITTA and supported by PMI Science, announced the launch of the inaugural "Scientist to Entrepreneur" Program in Armenia and its first bootcamp session.

Are you a researcher, a scientist or a science-driven aspiring entrepreneur with intellectual property that has the potential to transform industries?

Are you eager to take your research project to the next level and explore its commercialization potential?

If so, hurry up to book your spot at "Scientist to Entrepreneur Program" in Armenia!

Instructors:
Professor Charles L. Cooney
Dr. Howard Califano

Time and Date: 09:00; October 16-17, 2023
Location: ISTC Foundation
Language of Instruction: English

Register here by the end of the 9th of October.

https://t.me/threenstartups

#granatusventures #civitta #pmiscience #deeptech #bootcamp #networking #event
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This is a fantastic news for the Armenian startup ecosystem.

Alchemist Accelerator is one of the top global acceleration programs. It is designed for early-stage startups that intend to monetize from enterprises.

This accelerator is built on a foundation of expertise from seasoned enterprise entrepreneurs.

With this partnership the startups will receive preferential terms for getting accepted to Alchemist program coupled funding from Granatus Ventures.

Looking forward to hearing about new success stories generated thanks to this partnership 😎

Our heartfelt congratulations to Granatus Ventures on achieving this important milestone πŸŽ‰

https://t.me/threenstartups

#granatusventures #partnership #alchemistaccelerator #successstory
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🌱 Exciting News! 🌱

Granatus Ventures has invested in the seed round of Sparxell, a UK-based developer of high-performance, sustainable, plant-based pigments.

Other notable investors include The Circular Innovation Fund, SpaceX-backer Future Communities Capital, and more, all supporting Sparxell's innovative mission.

"As a University of Cambridge spin-out, we were delighted to connect with Granatus Ventures through the Cambridge ecosystem. Granatus shares our ambition to make a meaningful contribution to the sustainability of our planet, and I look forward to working with the Granatus team as we scale our impact,” said Dr. Benjamin Droguet, Sparxell Founder & CEO.

Sparxell's plant-based pigments offer a compelling solution to environmental challenges posed by traditional chemical colorants.

Congrats to Granatus Ventures and Sparxell!

It's exciting to see an Armenian VC fund backing an international startup 🌟

https://t.me/threenstartups

#sustainability #innovation #successstory #granatusventures
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πŸš€ Join STAN Talks: "Unveiling the Granatus Ventures x Alchemist Partnership" with Manuk Hergnyan, Co-Founder & Managing Partner of Granatus Ventures.

Discover the collaboration between Granatus Ventures and Alchemist Accelerator! πŸ”₯

πŸ”— Register now: https://lu.ma/grantus-alchemist

πŸ“… Date & Time: May 8 at 7:00 PM GMT+4
πŸ“ Venue: FAST Creative Campus

Learn the benefits of this partnership and how it opens doors for startups in Armenia and beyond, offering unique investment opportunities and access to Alchemist's world-class acceleration program. Don't miss this chance to connect with industry leaders and gain valuable insights.

See you there! 🌟

https://t.me/threenstartups

#stan #stantalks #event #networking #granatusventures #alchemistaccelerator
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Granatus Ventures announced about investment in Waveye!

Waveye, a US-based startup with teams in the US, Germany, and soon Armenia, develops a new generation of AI-powered imaging radars for automotive, industrial and robotics applications.

Waveye is developing lightweight, high-resolution imaging radars that target automotive, robotics and industrial applications. Waveye’s imaging radars use a novel operating principle to obtain ultra-high resolution radar imaging, coupled with deeply-integrated radar AI algorithms.

The company is founded by Levon Budagyan (founded and exited from Aarki), Gor Hakobyan (over 100 patent filings and extensive experience at Bosch and BMW) and Narek Rostomyan.

The investment from Granatus Ventures will help the company to accelerate the development of its radar prototype and software offering and prepare it for more in-depth validations in the future.

https://t.me/threenstartups

#investment #successstory #granatusventures #waveye
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πŸš€ Modicus Prime Secures $3.5M Seed Investment! πŸš€

Modicus Prime has raised $3.5M in seed funding for a revolutionary advancement in drug manufacturing quality control!

This round was led by Silverton Partners, with additional support from Alumni Ventures and other notable venture firms.

With strong roots in the Armenian startup ecosystem, Modicus Prime's team features significant Armenian leadership, including advisor Jack Topdjian. Notably, three Armenian VCsβ€”Granatus Ventures, Triple S Ventures, and SmartGateVCβ€”have invested in the startup previously.

Modicus Prime's self-service AI software is revolutionizing biotechnology through advanced image analysis, preventing costly contaminations and ensuring real-time product quality.

Congrats to the Modicus Prime team and their investors on this milestone! πŸ”₯

https://t.me/threenstartups

#modicusprime #investment #successstory #granatusventures #triplesventures #smartgatevc
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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 πŸ‘

#Quiltt #GranatusVentures #Investment

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Emerald founded by Alexander Badalyan closes $2M pre-seed to blend blood testing, AI, and medical care

Sources: Granatus Ventures, TechFundingNews

Emerald is a UK based startup building a platform that brings fragmented health data - wearables, lab results, medical records - into one place, and connects it with AI insights and dedicated GP care.

The round was led by Boost Capital Partners, with participation from Mark Fountain (ex-HBS UK, sold to AXA), Armenian VC fund Granatus Ventures, and angel investors including Premier League players.

Founded in 2024 by Alexander Badalyan, Emerald’s goal is to shift healthcare from reactive to proactive, combining AI scalability with real clinical oversight.

Emerald's user base more than tripled in 6 months, they processed 25,000+ tests and are getting ready for UK expansion.

Congrats to fellow Armenian founder and Granatus Ventures on this exciting milestone πŸš€

#Emerald #GranatusVentures #Investmetns

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