Great news for the Armenian startup ecosystem demonstrating a tectonic shift in the local capital market 🚀
The first investment from an Armenian pension fund into an Armenian VC fund has been announced.
C-QUADRAT Ampega Asset Management announced about investment of $1,030,000 in Formula VC.
Pension funds are actively investing in VC funds internationally. The decision to invest in Formula VC by C-Quadrat Ampega Armenia has high significance as this is the first case when an Armenian institutional investor invests in a VC fund. This will be a strong precedent for future investments by other local and international institutional investors.
Congrats to everyone with this important step forward.
Special kudos to the teams of C-QUADRAT and Formula VC on making this deal 🎉
https://t.me/threenstartups
#formulavc #investment #successstory
The first investment from an Armenian pension fund into an Armenian VC fund has been announced.
C-QUADRAT Ampega Asset Management announced about investment of $1,030,000 in Formula VC.
Pension funds are actively investing in VC funds internationally. The decision to invest in Formula VC by C-Quadrat Ampega Armenia has high significance as this is the first case when an Armenian institutional investor invests in a VC fund. This will be a strong precedent for future investments by other local and international institutional investors.
Congrats to everyone with this important step forward.
Special kudos to the teams of C-QUADRAT and Formula VC on making this deal 🎉
https://t.me/threenstartups
#formulavc #investment #successstory
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