The Startup Ecosystem of Yerevan
Yerevan has 101 startups in our sample database. This represents about 97% of Armenia’s startups. Yerevan is the highest-ranked startup ecosystem in Armenia.
CITY RANKING
In 2024, the startup scene of Yerevan shows much promise after advancing in the Global Ecosystem Index by 21 spots.
National Ranking
In Armenia
Regional Ranking
In Eastern Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Yerevan Top Startup Industries
46 startups
12 startups
10 startups
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Ecosystem HealthCheck
Yerevan Ecosystem Health Check
The health check tables allow you to look at the performance Yerevan has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Yerevan
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Startup Ecosystem Charts
Startup Funding in Yerevan2017 - 2024
Startup Funding in Yerevan 2017 - 2024
From 2022 to 2023, startup funding in Yerevan has decreased by 14.33%. During this period, the number of deals in Yerevan has decreased by 50%. Since 2017, total startup funding in Yerevan exceeded US$ $454.98M.
Average Funding in 2023
$4.21M
Funding in 2023
$50.55M
Deals in 2023
12
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Yerevan
Global Rank
Yerevan is ranked within the top 300 startup ecosystems globally.
Top Industries
Yerevan’s startups excel particularly in Software & Data where it ranks 129 and in Edtech, and Social & Leisure. Find out more
Top Cities for Startups in Armenia - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
No Data Available | ||||||
ECOSYSTEM
Why should you join Yerevan's Startup Ecosystem?
Overview
Within Yerevan there is an increased attraction for entrepreneurs to set up their startups in industries such as Software & Data, Edtech, Social & Leisure. These three industries represent about 67% of the startups represented on the Startup Ecosystem Map of Yerevan.
1st
National Rank
17th
Regional Rank
Overview
Yerevan is Armenia's 1st best startup ecosystem and is ranked 17th in Eastern Europe. With a population of 1M - 2M people, Yerevan is ranked 200th in the world. The city has some notable startup success stories including Krisp.
ECOSYSTEM
Startup Infrastructure in Yerevan
Accelerators
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Recent Posts
Thu Mar 06 2025
The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]
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