Discover more from Hye Ventures
🇦🇲🦊 Hye Ventures 2022 Year-End Recap!
Curated resources for Armenian founders and tech enthusiasts.
Welcome to all the new members of the Hye Ventures Crew. Our mission is simple. Accelerating the success of Armenian founders and funders to build a more prosperous, equitable future. Subscribe today to join early-stage founders, funders, and operators, as well as enthusiasts of the Armenian tech community, and get coverage on recent news directly in your inbox.👇
Thanks for reading! Enter your email to receive all the updates on the Armenian Tech Ecosystem!
Here are some of the Hye Ventures highlights for 2022:
💵 Armenian Startups raised over $100M globally!
📚 TUMO Project: the Gift of Education - Donate as a Gift for the Holidays!
👨🏫 Valuable resources and articles
And much more!
2023 will be a big year! Keep an eye out for big announcements, partnerships, investments, and initiatives! Stay tuned 👀
🎄🎉Merry Christmas and Happy New Year to everyone! 🎉🎄
Armenian Startup News 📣
💸 LayerSwap received a seed investment of 2.5 million dollars, completing the investment round with DeltaFund. Within the last 6 months, they got over 20,000 users and processed 80M in transaction volume.
🌄 Silicon Mountains International Technology Summit will be held in Yerevan on December 9. Panel discussions will be on the topics of "Smart Economy", "Smart Banking", "Smart Governance", and "Smart Infrastructures". Register here!
🎤 Great conversation between myself and Nick Cabraloff ofas we talk about Hye Ventures and the Armenian Tech Ecosystem! Read it here!
💼 Referme, co-founded by Dominick Tavitian, is a platform that streamlines the referral process for everyone that’s seeking or offering jobs. You can request a referral entirely for free if you’re looking for a job at your dream company; and if you’re referring someone, there’s no pressure - you have full agency over who to refer.
Google enabled Google Pay and Google Wallet in Armenia. Cardholders of 6 Armenian banks – ACBA, Ameriabank, Ardshinbank, Armeconombank, Converse bank, and Evocabank, will be able to store credit and debit cards within Google Wallet. Cardholders will be able to make contactless payments. access loyalty cards, boarding passes, and event tickets in the Google wallet.
🎵 doodooc is the official music visualizer of the FIFA Fan Fest 2022, and its visualizations will be displayed on every screen of FIFA Fan Zones!
💰 Armenia has a higher average salary for a software engineer than neighboring countries ($19K). Looks like we are already creating a more competitive and mature startup ecosystem.
🚨 Hye Ventures Syndicate: As mentioned a few months ago (read about it here), we now have an investment syndicate looking to back Armenian founders that are raising capital. If you are interested in supporting product-driven, Armenian founders as an investor, fill out the form & we’ll be happy to share our investment opportunities with you!
What we’re following 🚀
The New Reality for Startups: More Resilient and Adaptive by Alexander Norman
The Best Time of Year to Raise for Your Startup by Tomasz Tunguz
Startup spotlight 👨💻👩💻
Mashroom, co-founded by Alexander Badalyan and Stepan Dobrovolskiy in 2018, is a prop-tech startup that provides end-to-end property letting services to landlords and tenants. The self-service platform lets landlords list their property, which tenants can then rent easily. Mashroom digitise about "98%" of the rental journey in which they offer digital credit and reference checks and the signing of rental agreements and tenancy renewals. The startup generates revenue via its financial products offering, rent guarantees, and other insurance products. The team has raised over £7M!
Don’t forget to enter your email to receive new posts and support my work.
Hi! 👋 Thanks for reading Hye Ventures Newsletter. If you’d like to be featured in the next newsletter, please reach out to us! Would love to support others doing great things within the Armenian Tech Ecosystem. From news updates to new investment rounds, sponsorships, events, and even startup spotlights. If you found this newsletter helpful, please share it with friends!