🚀 The Top 10 Armenian Startups by Funding

We’ve gathered the list of top 10 standout Armenian startups by funding sizes. This list focuses on startups founded in Armenia and does not include startups founded by Diaspora Armenians.

🌟 Key Insights:

✅ Over the past decade, Armenia-born tech startups have collectively raised around $490 million.
✅ Picsart 🦄 (Armenia's first official unicorn) and CodeSignal have reached Series C stage.
✅ SoloLearn and HerculesAI (formerly Zero) are in Series B stage. HerculesAI reached that stage in 2024.
✅ In 2024, EasyDMARC, Podcastle, and ActiveLoop (not on the list, but raised $19.6 million to date) reached Series A stage.

This report was created in collaboration with Modex. Big thank you to  Tsovinar Sofi Babayan for her contribution. We also want to thank her for introducing the term "Armenia-born," which we use in our reports.

#armenianstartups #startupfunding #Modex #ArmenianTechEcosystem #stats

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