Gecad Ventures, a 500,000 investment in Vector Watch

Bucharest, July 18, 2014. Vector Watch receives from GECAD Ventures an investment of 500,000 EUR for a non-disclosed equity.

We invest in companies that can disrupt their markets and we believe Vector is such a company”, explains Radu Georgescu, Founding Partner of Gecad Ventures.

Andrei Pitiș, former CEO for IXIA Romania and Chairman of Romanian Software Asscociation, founded Vector during the last quarter of 2013. Irina Alexandru and Dan Tudose, co-founders, become part of the founding team from the very beginning.

We are happy to have been secured our seed money from such a selective investor as Gecad. The funding round will help us launch first models of smartwatches and market them globally”, adds Andrei Pitis, founder of 30 days battery life smartwatch.

Together with the seed round, Vector names in its Board of Advisors Kapil Kapoor, former COO of Timex. Radu Georgescu and Diwaker Singh, from Gecad Ventures are also members in the Board of the company.