About FormulaVC
FormulaVC is a venture capital firm founded in 2013. It is primarily based out of Yerevan, Armenia. As of May 2026, FormulaVC is an active investor, having invested in 8 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series A round of WireStock A lot of funds co-invest with FormulaVC, with names like Granatus Ventures sharing a substantial percentage of its portfolio. FormulaVC has team of 12 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
FormulaVC's List of Top Investments
FormulaVC has a portfolio of 8 companies. Their most notable investments are in Hexact and Docus.Their portfolio spans across United States, Malta and Switzerland. They have invested in Enterprise Applications, Consumer, High Tech and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by FormulaVC:1. Squirro
Developer of generative AI platforms for enterprise data management tasks. The software integrates semantic search, knowledge graphs, and automated content classification to transform unstructured information into actionable intelligence. It supports service management operations by providing agents with historical data access, sentiment analysis, and automated responses. The technology functions across structured and unstructured data sources, utilizing retrieval-augmented generation to enhance accuracy and response reliability. Designed for use in regulated environments, the platform includes security features for data protection and auditability, while offering integration capabilities with existing business process management and service management tools.
Key facts about Squirro
- Founded Year: 2012
- Location: Zurich (Switzerland)
- Stage: Series B
- Total Funding till date: $15.5M
- Employee Count: 96 as on Jul 31, 2026
- Investors: Salesforce Ventures, Cross Continental Ventures and 13 Others
- Latest Funding Round: Series B, Aug 2022, $*****
- Highlight: Editors' Pick
2. EasyDMARC
Provider of email authentication platform that simplifies DMARC deployment and management. The platform offers tools for DMARC, SPF, DKIM, and BIMI management. It helps businesses to solve email security and deliverability issues. The platform provides domain scanning, record checking, and report analyzing. It also offers managed services for DMARC, SPF, and DKIM setup.
Key facts about EasyDMARC
- Founded Year: 2017
- Location: Los Angeles (United States)
- Stage: Series A
- Total Funding till date: $22.3M
- Employee Count: 121 as on Jul 31, 2026
- Investors: Curiosity, Acrobator and 5 Others
- Latest Funding Round: Series A, Sep 16, 2024, $*****
- Highlight: Editors' Pick
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3. WireStock
Wirestock is an online marketplace for selling photos. The platform allows users to upload their pictures on the website, get it to chosen by the buyers, and get paid.
Key facts about WireStock
- Founded Year: 2017
- Location: Kalkara (Malta)
- Stage: Series A
- Total Funding till date: $25.3M
- Employee Count: 517 as on Jul 31, 2026
- Investors: Graph Ventures, Vulcan Capital and 13 Others
- Latest Funding Round: Series A, May 14, 2026, $*****
- Highlight: Editors' Pick
4. BlueQubit
Developer of AI-based quantum computing software solutions. It provides users with operating systems to run specifically on quantum computers. Its features include software manufacturing, risk analysis, fraud detection, and portfolio optimization.
Key facts about BlueQubit
- Founded Year: 2022
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $10.3M
- Employee Count: 19 as on Jul 31, 2026
- Investors: NKM Capital, Restive and 10 Others
- Latest Funding Round: Seed, Jul 18, 2024, $*****
- Highlight: Editors' Pick
Key facts about Prelaunch.com
- Founded Year: 2022
- Location: Delaware City (United States)
- Stage: Seed
- Total Funding till date: $1.5M
- Employee Count: 11 - 50 as on Jul 01, 2024
- Investors: Alchemist Accelerator, Granatus Ventures and 4 Others
- Latest Funding Round: Seed, May 2023, $*****
FormulaVC's Year-on-Year Investment Trends
FormulaVC has invested in 8 companies over the last 13 years, with an average of 1 new investment annually in the last 10 years. As of May 2026, it has made 1 investment in this year. Its most recent first time investment was in WireStock and most recent follow-on round was in Hexact.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 3 | 0 | 3 |
FormulaVC's Investments by Stage
FormulaVC has made 6 investments in Seed stage with an average round size of $3.27M and 1 investment in Series A stage with an average round size of $23M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 1 |
Note: We have considered here, only first round of investments
FormulaVC's Investments by Sector
FormulaVC has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Artificial Intelligence - Industry Applications, Consumer and Enterprise Infrastructure. Notably, it has invested in 7 Software companies, 7 Tech companies, 6 Enterprise (B2B) companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
High Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Consumer | 1 |
Enterprise Infrastructure | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
FormulaVC's Investments by Geography
FormulaVC has made most investments in United States (5), followed by Malta where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 5 |
Malta | 1 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
FormulaVC's recent investments
FormulaVC has made 1 investments in 2026 so far - WireStock.Here are the most recent investments by FormulaVC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 14, 2026 | Malta | Series A | 3800 | [+2] | |
Jul 18, 2024 | United States | Seed | 3847 | [+7] | |
Mar 10, 2023 | United States | Seed | 5151 | [+3] | |
Aug 09, 2022 | United States | Seed | 2503 | ||
Aug 01, 2022 | United States | Seed | 5782 |
Team profile of FormulaVC
FormulaVC has a team of 12 members including 5 Partners and 1 Principal located in Armenia. FormulaVC's team does not sit on the board of any company as of now.Here is a list of top team members in FormulaVC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Armenia | - | ||
Partner | Armenia | - | ||
Partner | Yerevan | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Principal | - | - | - |
Co-investors of FormulaVC
Over the past 13 years, 39 investors have co-invested in FormulaVC's portfolio companies. This includes funds and angels.
- Invested before FormulaVC: BigStory VC, Alex Ott and 11 others have invested in rounds before FormulaVC. There are 2 companies where BigStory VC has invested before FormulaVC and 1 company where Alex Ott has invested before FormulaVC.
- Top Co-investors of FormulaVC: 18 investors entered a company along with FormulaVC. These include investors like Granatus Ventures (2 companies).
- Invested after FormulaVC: A total of 8 investors have invested in FormulaVC's portfolio after their investments. Top Investors include Orange Growth Capital (1 company), Icos Capital (1 company) and Finch Capital (1 company).
Recent News related to FormulaVC
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Wirestock Raises $23 Million in Funding for AI Training DataSiliconAngle•May 14, 2026•Nava Ventures, FormulaVC, Santa Barbara Venture Partners, WireStock and 1 other
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Armenian product validation platform Prelaunch checks in with $1.5 millionTech.eu•Mar 10, 2023•Prelaunch.com, BigStory VC, FormulaVC, Granatus Ventures and 2 others
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Identify Software Completes $15M Round, to Expand Global PresenceWRAL TechWire•Feb 02, 2004•Identify.com, Evergreen Partners, Star Ventures, FormulaVC and 4 others
