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$27 million investment in Armenian startups with the support of Orion
21/12/2021 20:25 0.1K

$27 million investment in Armenian startups with the support of Orion

In 2021, with the support of Orion Worldwide Innovations (“Orion”), a startup growth and ecosystem acceleration hub, several Armenian startups received investments totaling $27 million from “Seed” to “Series B” stages. The investment money came from venture companies, angel investors and fundraisers operating in the USA, Europe and other parts of the world. Additional $20 million deals are currently being closed. The money is being fundraised for startups in SaaS, AI, HealthTech, and E-commerce.

Orion is the leading founding partner of BAJ Accelerator, a New York based entity that connects the Armenian startup ecosystem with the capital of the world: New York.

Orion’s and BAJ Accelerator portfolio includes 75 companies, out of which 34 are Armenian startups. With the support of Orion’s international experts from more than 50 institutions, these startups are evolving to become potential beneficiaries of American investment.

The projects under Orion’s New York and Armenia teams are also aimed at the rapid development of the Armenian startup ecosystem. The largest of these, the “BAJ Unicorn Academy”, is being implemented due to a shortage of programming professionals in Armenia. Orion, in partnership with its international partner BAJ Accelerator, have launched “The Armenian Code Academy”, a five-month machine learning free training course funded by upcoming unicorn startups “Embodied” and “cognaize”, after which the best graduates will have the opportunity to be hired in these startup companies.

$27 million investment in Armenian startups with the support of Orion 1

“We wanted to invest our international experience and connections for the accelerated development of Armenia, and Armenian startups. About 1.5 years ago, when we decided to open an office in Armenia, it seemed untimely, because the world was in the center of the pandemic. However, we have already succeeded; in addition to attracting investments, we are also making great efforts to bring Armenian high-tech legislation in line with international developments,” said Emma Arakelyan, CEO & Founder of Orion.

In 2021, Orion took part of the main IT events in Armenia, becoming one of the sponsors of «EWC Armenia  2021», «DigiTec 2021» and «Seaside Startup Summit Holidays 2021».

“Continuing the successes of this year, in 2022 we will implement new large-scale projects. In June-July, we will organize the “Orion Summit”, where we will gather the leaders of our Armenian startup portfolio and future unicorn companies on one platform. They will show Armenian innovators and startups their path and experience of how they’ve reached a successful stage in the global arena. As part of this event, we aim to organize a job fair with universities as well. We also plan to continue the “BAJ Accelerator” programs to accelerate the growth of Armenian startups,” said Diana Arzumanyan, CEO & Co-Founder of Orion Armenia.

Orion Worldwide Innovations (“Orion”), is a startup growth and ecosystem acceleration hub and offers a full-service package to make companies investable and enter the US market, enhance their customer acquisition strategies, stay competitive, and protect their innovation. Orion is a U.S.-based company that was formed in 2017, with offices in New York City, U.S., and Yerevan, Armenia, though Orion partners with companies and investor networks worldwide.

$27 million investment in Armenian startups with the support of Orion 2

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:30 07/12 Buy Sell
AMD / USD 393.00 397.00
AMD / EUR 407.00 417.00
AMD / RUR 6.19 6.35
dollars
dollars
CBA Rates
06/12/2022
USD / AMD
395.59
-0.32%
EUR / AMD
415.41
-1.68%
RUR / AMD
6.28
-0.08%
GBP / AMD
481.67
-3.20%
Cryptocurrencies
10:30 07/12
BTC/AMD
6,724,358
-0.11%
BTC/USD
16998.30
-0.03%
ETH/USD
1258.34
-0.13%
BCH/USD
111.87
+0.05%
XRP/USD
0.387777
+1.02%
LTC/USD
79.84
-0.83%
BNB/USD
288.53
-0.21%
DOGE/USD
0.100325
-0.51%
ETH/BTC
0.074020504
-0.11%
BCH/BTC
0.006580556
+0.07%
XRP/BTC
0.000022811
+1.04%
LTC/BTC
0.004696228
-0.82%
BNB/BTC
0.016972374
-0.19%
DOGE/BTC
0.000005902
-0.49%
CBA Metals
06/12/2022
dram / gram
Gold
22598.25
-119.48%
Silver
292.34
+4.61%
FOREX
09:45 07/12
EUR/USD
1.0462
-0.29%
GBP/USD
1.2133
-0.54%
USD/JPY
137.17
+0.19%
EUR/GBP
0.8621
+0.26%
Oil
09:45 07/12
$ / barrel
Brent
79.52
-4.37%
Light Sweet
74.30
-4.04%
COMEX
09:45 07/12
$ / tr. oz
Gold
1785.00
+0.04%
Silver
22.45
-0.40%
Platinum
999.60
-0.99%
LME / 3M
09:45 07/12
$ / tonne
Aluminium
2508.50
-0.56%
Copper
8421.50
+0.36%
Nickel
29271.00
+2.06%
Tin
24814.00
+1.51%
Lead
2220.50
-0.80%
Zinc
3156.00
+0.96%
Molybdenum
45679.73
+0.00%
Cobalt
51955.00
+0.00%
Indexes
09:45 07/12
point
Dow Jones
33596.34
-1.03%
S&P 500
3941.26
-1.44%
NASDAQ
11014.89
-2.00%
FTSE
7521.39
-0.61%
CAC 40
6687.79
-0.14%
DAX
14343.19
-0.72%
RTSI
1097.09
-1.58%
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27885.87
+0.24%
Topix
1950.22
+0.12%
Hang Seng
19441.18
-0.40%
SSEC
3212.53
+0.02%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
10/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,128.5
+9.9%
Export 1
Export
4,129.4
+71.2%
Import 1
Import
6,755.8
+63.5%
CPI
Consumer price index
+8.70
Avg. Salary 2
Average salary
226,621
+14.0%
Services 3
Volume of services
2,074.3
+27.90%
Construction 3
Volume of construction
360,764
+14.4%
1 - mln AMD, 2 - AMD, 3 - bln AMD