Zoomerang is a popular video editor that allows you to bring your own video to life. It allows users to shoot videos, seasoning them with their favorite music and effects, interpreting ideas in users’ way. The application allows you to shoot video part by part and apply live effects/filters to it while recording to make it more attractive. In addition, the user can bring their ideas to life with their feature-rich editor, choosing from a variety of editing tools such as text, stickers, overlays, effects, and more. To make videos more lively and colorful, users can add attractive filters and effects from more than 50 categories.

The app has over 20 million downloads on Appstore and Google play.

Zoomerang raised $250k from BigStory VC. BigStory VC plans to invest $10 million in approximately 24 Armenian startups over two years. A start-up boom is expected in Armenia in the next 10 years. BigStory VC, collaborating with other Armenian venture funds, will enable startups to make big rounds in Armenia.

In general, the IT sector in Armenia over the past 10 years has shown unprecedented growth, recording an average annual growth of 23%. Over the past 2 years, more than 20 start-up companies in Armenia have received a total of $700 million in investments. Armenian start-ups with less than 30 employees are exempt from income tax until the end of 2023, and the income tax for employees is 10%. As of 2021, the total turnover of IT companies operating in Armenia exceeded $1 billion. As of 2021, the industry employs 29,000 professionals.