Armenia
Asia · Pop. 3M
1 Overview
2 Largest rounds
Largest funding rounds in Armenia
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a Armenia-headquartered company, grouped by Dealroom sector.
Largest rounds in Armenia - 2026
3 Startup funnel
Armenia's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* Conversion rates are derived from current counts.
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. Live from the Dealroom Next Gen API.
5 Notable companies
Top private companies in Armenia
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
6 Academia
Armenia's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Armenia.
| # | University | City | Founders | Companies |
|---|---|---|---|---|
| 1 | Yerevan State University | Yerevan | 203 | 227 |
| 2 | American University of Armenia | Yerevan | 57 | 60 |
| 3 | National Polytechnic University of Armenia | Yerevan | 37 | 39 |
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 | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | China | $5.8T | 3.1× | 504 | $33.9B | 24.8K |
| 2 | India | $924B | 7.5× | 128 | $13.9B | 13.4K |
| 3 | Israel | $602B | 5.6× | 132 | $10.9B | 4,784 |
| 4 | South Korea | $430B | 15.4× | 45 | $8.3B | 7,983 |
| 5 | Singapore | $321B | 8.6× | 40 | $4B | 3,946 |
| 6 | Japan | $223B | 5.6× | 21 | $4.5B | 7,858 |
| 7 | Hong Kong | $179B | 12.4× | 20 | $3.1B | 1,235 |
| 8 | United Arab Emirates | $76.4B | 10.2× | 22 | $3.9B | 1,580 |
| 9 | Indonesia | $64.9B | 5.0× | 12 | $485.4M | 1,214 |
| 10 | Taiwan | $61.3B | 8.1× | 9 | $209.1M | 626 |
| 11 | Türkiye | $52.6B | 16.1× | 9 | $714.6M | 2,040 |
| 21 | Armenia | $2.3B | 6.5× | 1 | $1.3M | 75 |
8 Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Armenia dataset — or see a sample on the Dealroom app.
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.