Context
EU-Armenia SME Fund invested in ACX, a technology services provider to the digital asset industry.
Objective
Develop the local technology business, employment and governance practices.
Role
ANIF portfolio during Aleksei Veretenov’s tenure as Deputy CEO and Vice President for Strategy and Marketing.
Approach
- $1.5m investment made in 2022 by the fund.
- Business growth, governance and ESG priorities.
- Development of technology talent in Armenia.
Outcome
The 2022 impact report records the $1.5m investment and 81 jobs created at ACX.