SmartGateVC leads a pre-seed investment round for ForgeFiction, a platform that enables community-driven storytelling and content creation in the Armenian startup ecosystem.

Target Information

ForgeFiction is an innovative platform that redefines the traditional writing process by empowering communities to collaboratively create stories and books. Instead of individual authorship, the platform facilitates collective storytelling, enabling fiction enthusiasts to merge their ideas and craft original content in the form of literature and expansive fictional universes. Each community member can contribute their creativity, earning rewards commensurate with their contributions as they work together to produce bestsellers. Moreover, ForgeFiction provides specialized tools to assist users in narrative development and the construction of immersive worlds. Finished works are marketed and distributed to the media industry, opening new avenues for content monetization.

Currently, ForgeFiction boasts 150 active weekly users, over 1,000 pages of user-generated content, and 25 ongoing book projects. The platform's generated content also holds potential value for the film and video game industries, establishing itself as a versatile source of creative material.

Industry Overview in Armenia

Armenia’s burgeoning startup ecosystem is characterized by a vibrant array of technology-driven ventures, particularly in creative sectors like content generation and digital media. Re