We created the Syndicate to help international angel investors access the Armenian startup deal flow and leverage a bustling Armenian diaspora located in finance and tech centers. Background Armenia's tech sector has grown more than 20% per year on average in the past 10 years and a solid pool of local startups has been emerging with venture-backed names such as Picsart, Krisp, Superannotate, Sololearn, Teamable, Activeloop, Renderforest... $200M+ has been invested in local startups in the past 5 years. A host of international tech giants such as VM Ware; Xilinx, Oracle, Cisco, Synopsis, Teamviewer, National Instruments... have set up offices and created a fertile ground and pool of talents making it possible for new startups to emerge. Dealflow Through our existing network of startups we invested in, our activities and connections, we are ideally positioned to observe the entirety of the dealflow and propose you the best opportunities in Armenia and the region. BANA - Business Angel Network of Armenia - is at the center of the Armenian startup ecosystem. BANA leads a number of ecosystem building initiatives including an incubator, startup bootcamps and various conferences and events for startup. Aksel Piran is a serial entrepreneur based in France and a member of BANA. He shares his angel investing experience and network to source the best startups, structure the deals and animate the syndicate.