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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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Manychat raised $140M in a Series B led by Summit Partners to expand its AI capabilities and global reach πŸ”₯

With 1.5M customers including Nike and the New York Times, Manychat focuses on automating engagement across platforms like Instagram, TikTok, and WhatsApp. Manychat plans to further enhance personalization to tap into growing social commerce trends.

Manychat is co-founded by Mikael Yang, son of Yerevan-born David Yang - serial entrepreneur, co-founder of Ayb School and many other philantropy initiatives in Armenia and in global Armenian Community.

Congrats to Manychat on this great news!

Sources: TechCrunch, Economy of Armenia

#Manychat #Investment #SuccessStory #SeriesB

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Top IT Taxpayers | Q1 2025 - Analysis by Modex πŸ“ˆ

- In Q1 2025, 76 IT companies were among Armenia’s 1000 largest taxpayers, contributing AMD 19.0 billion to the state budget - a slight decrease compared to 2024.
- These companies accounted for 3.4% of total tax revenues.
- Synopsys Armenia led in profit tax contributions, paying 14.1% (AMD 205M) of the sector’s total.
- 11 out of the top 20 IT companies saw tax payments decrease, with Veeam Armenia showing the biggest drop, primarily due to reduced income tax payments.

This list has two startup:
πŸ¦„ Picsart - Armenia’s first unicorn
πŸ¦„ ServiceTitan - LA based unicorn founded by Armenian entrepreneurs

Hope to see more startups in this list while they are scaling to Series A and beyond, and transition from product development to revenue generation.

πŸ“Œ Source: Modex

#Modex #TopITTaxpayers #Analytics

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πŸš€ New Investment Alert

Alchemist Doha announced investment in Denovo Sciences β€” a deep tech startup transforming drug discovery with reinforcement learning-based molecule generation. Their AI platform unlocks breakthroughs where traditional data-driven models fail, with potential to redefine how we tackle complex diseases.

Congrats to the entire Denovo Sciences team and all their early supporters!

#AI #DeepTech #DrugDiscovery #DenovoSciences #Investment #SuccessStory

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πŸ‡ΊπŸ‡ΈπŸ‡¦πŸ‡² US Embassy in Yerevan shared this post showcasing the General Manager of πŸ¦„ServiceTitan Armenia Ashot Tonoyan and emphasizing how the partnership in tech sphere can drive growth in both countries.

Hope to see more content like this from the Embassies in Armenia showcasing the success of innovation with Armenian background globally.
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ViralMango has been crowned β€œMarketing Startup of the Year” by HackerNoon β€” among 8,000 contenders worldwide!

This recognition is a testament to the team’s dedication and customer-first mindset in building a standout influencer marketing platform. Congrats to Rem Darbinyan and the entire ViralMango team on this incredible milestone! 🧑

ViralMango helps creators get brand deals with an auto-updating digital portfolio of their work and stats, expertly crafted to impress. ViralMango’s Influencer Intelligence ensures the best brand-creator matchmaking, using data-driven insights to connect creators with the perfect Brands for collaboration.

Learn more here: https://hackernoon.com/startups/industry/marketing

#ViralMango #SuccessStory

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πŸ“£ Armenian founders: Looking to expand to EU?

Digital Explorers II is offering a fast-track soft-landing in πŸ‡±πŸ‡» Latvia - your gateway to the πŸ‡ͺπŸ‡Ί EU market.

With lower costs, faster access to EU markets, and real founder-focused support (grants, accelerators, mentoring), Latvia offers an efficient path to scale. Through the Digital Explorers II program, you’ll get everything you need to launch in Europeβ€”without burning your runway.

Apply by May 26 πŸ‘‰ https://apply.workable.com/digitalexplorers/?lng=en

This initiative is supported by STAN and ESTDEV.

#ArmenianFounders #DigitalExplorers #Latvia #STAN #ScaleGlobal #StartupEcosystem #EU

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Attracting Cross-border Investments to Armenian Tech Sector

Samson Avetian authored an op-ed discussing an untapped potential of deeper collaboration between Armenia and EU in tech sphere. The article showcases Armenian startup ecosystem, notable ecosystem players, initiatives and programs. Worth noting that the article discusses a joint project of 3 Armenian angel networks - Angel Investor Club of Armenia (AICA), BANA Angels, and Science & Technology Angel Network (STAN) that will be hosting Gateway to EU Congress in Armenia on Sep 18 and 19 this year.

Learn more here: https://www.intellinews.com/comment-europe-could-benefit-from-partnering-with-armenian-tech-innovation-378858/

Thanks to The Armenia Project for the support in making this article happen.

Photo Credit: Taken from the article

#SamsonAvetian #OpEd #EU #Scaling #ArmenianEcosystem

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Plug & Play announces first investment following their first accelerator program in Armenia πŸ‡¦πŸ‡²!

Plug and Play announced their investment in ProdMap, one of the participants from the first Plug and Play batch in Yerevan, Armenia. This is an important step forward for Armenia’s innovation ecosystem.

Congrats to the ProdMap team and the Plug and Play Armenia team for this exciting moment! πŸ™Œ

πŸ“Œ Read more: https://www.plugandplaytechcenter.com/venture-capital/investment-announcements/prodmap-investment

#PlugandPlay #ArmeniaStartups #ProdMap #Investment #SuccessStory

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πŸš€ Big news from πŸ‡°πŸ‡Ώ Kazakhstan: TUMO is launching in Central Asia for the first time!

TUMO Center for Creative Technologies will open its doors in Astana in October 2025, inside alem.ai.

It will offer teens (ages 12–18) free, personalized education in generative AI, game dev, filmmaking, robotics, and more β€” powered by the same platform that’s already shaped 80,000+ students worldwide β€” from Paris to Yerevan, from Berlin to Kyiv.

This is part of Kazakhstan’s plan to upskill 1 million people in digital literacy.

News & Photo Source: Astana Hub

#TUMOAstana #AstanaHub

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🚨 Short notice - opportunity for femtech founders in emerging markets!

UNICEF Venture Fund is offering up to $100K in equity-free funding plus mentoring for startups tackling:
β€’ Women’s financial inclusion & economic empowerment
β€’ Gender data gap for inclusive decision-making
β€’ Digital health solutions (prevention, diagnosis, treatment)

🌍 Open to startups from emerging economies

Application Deadline: May 8, 2025
Apply now πŸ‘‰ unicef.link/FemTechCall


#FemTech #UNICEFVentureFund #DigitalHealth #GenderEquality #TechForGood
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Startup Grind Yerevan: Speed Networking!

Join Armenia’s vibrant tech scene for a night of fast-paced networking, real conversations, and surprising chemistry.

Startups, investors, mentors & builders - come meet your match!
- For Startups: Pitch, share challenges, find support, and meet potential collaborators or investors.
- For Investors & Mentors: Discover rising stars, offer insights, and spark partnerships that matter.

❗️Limited spots available!

Get your ticket here πŸ‘‰πŸ» https://bit.ly/43ZntZX
Tell more about yourself here πŸ‘‰πŸ» http://bit.ly/44DrLX5

#StartupGrindYerevan #SpeedNetworking #Event

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DayOne Accelerator is a 3-month hybrid, equity-free program based in Basel, SwitzerlandπŸ‡¨πŸ‡­, supporting early-stage digital health, medtech, and techbio startups focused on pharma R&D.

It offers hands-on mentorship, access to pharma industry experts, non-dilutive funding CHF 50K (~$60K), and office space. Selected startups also gain a path to long-term partnerships and post-accelerator support.

Applications close May 15, 2025.
Find More and Apply here: https://www.dayone.swiss/accelerator/

#HealthTech #MedTech #Pharma #LifeSciences #StartupAccelerator #SwissInnovation #DayOneAccelerator

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πŸ™Œ Let’s support Armenian company 10Web on Product Hunt!

10Web has launched the AI Website Builder API on ProductHunt, enabling the generation of fully functional and hosted websites from a simple API call.

With just a short prompt, users can get a complete website, including design, visuals, and content.

Built on 10Web’s multi-agent AI engine, the API delivers:

βœ…Instant site generation (structure, copy, visuals)
βœ…WooCommerce-powered storefronts with orders and payments
βœ…White-label drag-and-drop editing

Every mention boosts visibility for an innovation built at home and now available worldwide.

πŸ“’ Support their launch on Product Hunt here: https://shorturl.at/DyUnP

#ProductHunt #10Web #AIwebsitebuilder

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Social Impact Award Armenia 2025: Applications Are Now Open!

Impact Hub Yerevan is officially kicking off the SIA Armenia 2025 program, and the call for applications is now live.

❓ What’s SIA all about?

SIA is on the hunt for early-stage social entrepreneurs worldwide on a mission to tackle societal challenges. Through workshops and events, SIA's educational incubation program will teach the skills needed to turn vague ideas into promising ventures.

Think: social entrepreneurship, impact-driven innovation, early support, and a regional network that wants to see you win.

Weekend plans? Build something that matters. And this might be your first big step.

πŸ”—Details here: https://sia.click/Dm9Wr

#SIAArmenia2025 #SocialImpact #StartupIncubator

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Applications are now open for EdTech Europe’s Early Stage Fellowship!

A brand-new 8-week digital program is looking for early-stage female founders working on solutions in ECE, K–12, or Higher Education across Europe.

Run by EdTech Europe, the fellowship offers live sessions, personalized mentorship, and a close-knit founder community to help turn ideas into impact.

πŸ“Œ What you get:
βœ… 8 live digital sessions (1-1.5 hrs/week)
βœ… Small cohorts for tailored support
βœ… Access to expert mentors and fellow founders
βœ… Actionable feedback to accelerate growth

πŸ—“οΈ Starts: July 1
πŸ“¬ Apply by: June 15
πŸ”— Details & application

#EdTech #FemaleFounders #EdTechEurope #StartupFellowship

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EPIC Demo Day – May 23, 2025!

Join EPIC’s Annual Demo Day, showcasing EPIC's Spring 2025 batch Armenian startups!

πŸ“ Location: Manoogian Hall, American University of Armenia (AUA)
πŸ•‘ Time: 6:30 PM
πŸ“… Date: Friday, May 23, 2025

Startups will pitch live after completing an intensive 15-week incubation journey focused on lean canvas, customer discovery, and market validation.

Seats are , RSVP now! πŸ‘‰ https://www.eventbrite.com/e/epic-demo-day-2025-tickets-1362717989189

#AUAEPIC #EPICDemoDay #Incubator #Event #Networking #Startups

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Info Session: Scaling to the EU via Latvia | May 22

Science & Technology Angel Network (STAN) and Latvian Startup Association Startin.LV invite Armenian founders to an exclusive info session on the Digital Explorers II program β€” your soft-landing path to the EU market! πŸ‡ͺπŸ‡Ί

Why Latvia πŸ‡±πŸ‡»?
- Seamless access to all 27 EU markets
- Lower operational costs = longer runway
- Tight-knit and highly connected startup ecosystem
- Grants, accelerators & tailored mentoring
- Culturally familiar, globally positioned

Whether you’re a founder ready to expand, or an investor or advisor exploring regional growth, this session will show you why Latvia might be your smartest first step into Europe.

Date: May 22
Start: 7 PM GMT+4
Format: Online Info Session

πŸ‘‰ RSVP now: https://lu.ma/uuq8owjt

#DigitalExplorersII #Latvia #StartupExpansion #EU #STAN #StartinLV #SoftLanding

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πŸš€ Fantastic news - Armenia climbs higher in the global startup rankings!

According to the newly released Global Startup Ecosystem Index 2025 by StartupBlink, Armenia has moved up 3 spots to #54 globally, demonstrating a 22.8% annual ecosystem growth. It is #1 in Central Asia and ranks among the top 40 globally in Software & Data.

πŸ“ Highlights:
β€’ Yerevan jumped 19 spots to rank 181st globally β€” the fastest growth in the region.
β€’ The ecosystem is powered by a strong public-private synergies.
β€’ Armenis is a home to 2 official unicorns - Picsart and ServiceTitan.
β€’ Major global tech players like NVIDIA, Synopsys, and AMD have large R&D centers in the country.
β€’ Mature Ecosystem with 4 active angel networks and 5 early-stage VCs.

Armenia's report was developed with the data partnership of STAN.

Full report is here: https://bit.ly/43BKDop

#Armenia #StartupEcosystem #StartupBlink

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