#2 GRANATUS VENTURES / GG TAXI / SKYSCRYPTOR
It is the first technology venture capital fund for Armenia, with committed capital of $6m. It has invested between $50k and $500k in 8 startups (including GG and SKYCRYPTOR), either based in Armenia or based abroad but with core value-add activities in Armenia.
GG is the Armenian Uber. After 2 years of activity, it conquered almost 10% of the market in a very competitive environment (Yandex), and is growing double-digit. It also contributed to improve the general level of taxi service in Armenia. Their new frontier? Tehran! GG has also impressive non-profit activities: it mobilizes dozens of cars every month to drive soldiers’ families to the frontline.
It can be defined as the first simple and effective encryption solution particularly well-suited for SMEs. Clients can secure any file with 1 click, share it securely with third parties and controlling access easily. It works for any cloud application (Dropbox, Google Drive), files are still searchable after encryption, and Skycryptor provides 0-knowledge security. A patent is under way.