By Berge Ayvazian
BOSTON and NEW YORK — Armenia has emerged as a rising star of tech entrepreneurship, targeting to be one of the top next generation technology hubs. This was the theme of the two #FutureIsTech networking evening meetings in Boston and New York City, devoted to the potential for tech start-ups and venture capital in Armenia.
More than 80 young professionals attended these two inspiring meetups with friends and enthusiasts at the Armenian General Benevolent Union (AGBU) Center in Watertown on January 19, and later at the Microsoft Technology Center, in New York, on January 24.
The programs in the two cities featured a presentation by Ashot Arzumanyan, co-founder of SmartGateVC, an Armenian pre-seed venture capital firm.
Arzumanyan presented the history and potential of the Armenian tech community as an opportunity to invest in a promising startup. He emphasized the progress made in the Armenian tech economy and venture capital (VC) investments in Armenia over the past three years. A total of $87 million in cumulative disclosed venture capital funding has been raised between 2015-2017, by Armenian start-ups including PicsArt, Codefights, SoloLearn and Teamable, led by major VCs including Sequoia, Sutter Hill Ventures, DCM Ventures, Learn Capital, e.venutures and True Ventures. There have also been several notable acquisitions of Armenian high tech companies since 2010, including