“The growth money will go to help become dominant in both operating markets and to expand to new countries in the region” - commented Vahan Kerobyan, Director of Menu Group.'
The round was led by Granatus Ventures. Along with Granatus, other investors participated in the round.
“We believe in the regional and worldwide expansion potential of Armenian IT Companies. As to the Menu Group, we are delighted by the experienced team and ability to build a cross-national business. This could be a good example of a venture, which emerged from Armenia with regional leadership strategy” – said Manuk Hergnyan, Managing Partner of Granatus Ventures.