The first quarter of the year was quite intense in the Armenian high-tech ecosystem with the total of more than $47M capital raised by the startups:

1. Fastex raised ( $23.2M through private and public sales of Fasttoken (FTN).

2. Britive raised ( $20.5M Series B funding.

3. Prelauch closed ( a $1.5M seed round from Big Story VC, Formula VC, Granatus Ventures and BANA.

4. Modicus Prime closed ( a $1.1M pre-seed from SmartGate VC, _techstars and other strategic investors.

5. ViralMango received ( $250K funding from BigStory VC.

6. Docus received ( $250K funding from Triple S Ventures.

7. Denovo Sciences received ( $100K funding from Triple S Ventures.

Undisclosed deals:

8. PopUp School received ( angel funding from STAN.

9. Endometrics closed ( a round with Granatus Ventures.

10. Zero Systems received ( funding from Thomson Reuters Venture Fund.