1 Startup funnel
Armenia's startup funnel
Companies headquartered in Armenia at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
2 Latest quarter
Armenia's latest quarter in venture capital
Venture capital raised by Armenia-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Armenia-headquartered companies…
3 Enterprise value
How much Armenia’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Armenia, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
4 VC investment
How much venture capital flows into Armenia
VC investment into Armenia-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Largest rounds
Largest funding rounds in Armenia
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Armenia, grouped by Dealroom sector.
Largest rounds in Armenia - 2024–2026
6 Founder origins
Where Armenia's unicorn founders build
5 founders born in Armenia are behind 3 unicorns; 100% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Asia, ranked by founders or per 1M inhabitants.
7 Location comparison
How Armenia stacks up
Compare Armenia with similarly sized ecosystems in Asia — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Asia ranked by combined EV. Armenia's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | China | $5.8T | 3.1× | 547 | $34.8B | 25.3K |
| 2 | India | $932B | 7.5× | 138 | $14.1B | 13.9K |
| 3 | Israel | $568B | 5.3× | 136 | $10.7B | 4,978 |
| 4 | South Korea | $433B | 15.2× | 52 | $8.2B | 8,178 |
| 5 | Singapore | $330B | 8.5× | 44 | $4B | 4,134 |
| 6 | Japan | $226B | 5.7× | 23 | $5.1B | 8,015 |
| 7 | Hong Kong | $184B | 13.3× | 20 | $3.1B | 1,301 |
| 8 | United Arab Emirates | $82.3B | 12.1× | 25 | $3.4B | 1,664 |
| 9 | Indonesia | $65.9B | 5.4× | 11 | $485.6M | 1,226 |
| 10 | Türkiye | $52.9B | 15.5× | 10 | $717.2M | 2,097 |
| 11 | Taiwan | $41.8B | 5.5× | 12 | $211.9M | 681 |
| 21 | Armenia | $2.9B | 9.5× | 1 | $6.5M | 94 |
More data
Explore Dealroom data →Get the full Armenia ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.