YEREVAN. – Armenia-based Granatus Ventures fund is ready to accept four or five more projects in addition to its existing eight ventures, the fund’s cofounder and director Manuk Hergnyan told Armenian News-NEWS.am.

The fund’s current portfolio has eight companies, primarily in information technology.

Even though startup manufacturers or farmers have not yet passed the venture selection, Granatus continues to consider all possible applications.

“And now, we are holding negotiations to increase funding,” Hergnyan added.