According to Radu Georgescu, Founding Partner of Gecad Ventures: “The new investment in Vector Watch will primarily be used to facilitate product and business development as well as for building corporate infrastructure in the Bay Area. Vector has proved its technology with its range of smart watches and it is now time to follow the company vision of getting its technology platform in as many third party wearables as possible.”
Vector Watch is an international technology company with offices in London, Silicon Valley, Amsterdam, Hong Kong and Bucharest. Founded in 2014, its vision is to connect people through smart accessories, data and platforms and enhance their lives, providing relevant information through simple and intuitive technology.
The proprietary low power operating system for wearables allows its current range of smartwatches an unprecedented 30-day battery life. With its two models, Luna, with its round design and Meridian, with a rectangular case – Vector smartwatches combine an impeccable design and exceptional materials with cutting edge software.
Gecad Ventures is a Bucharest based early stage technology investor, which primarily focuses on software and hi-tech companies, including security software, cloud technologies, eCommerce and payment methods. Amongst others, Gecad has successfully exited from three of its major investments: RAV Antivirus acquired by Microsoft in 2003, ePayment acquired by Naspers in 2010, followed in 2013 by the acquisition by the private-equity Francisco Partners of Avangate.
Bucharest, January 10, 2017. Gecad Ventures sells its majority stake in Vector Watch to Fitbit, marking one more important global exit for the investment fund. The terms of the transaction are confidential. Vector Watch, known for its innovative and cross-functional approach to design and development of wearable technology, has recently reached an agreement with Fitbit […]
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 […]
Bucharest, March 9, 2016. Smart Bill, Romanian provider of billing solutions and SaaS services, has secured a EUR 1 million investment from Gecad Ventures and Catalyst Romania. Smart Bill has been advised by Gecad since 2013 and the raised round will be used for the development of the company. “This investment gives the company the fuel it needs to […]
Bucharest, January 31st 2019. Gecad Ventures participated with a follow-on investment in the recently concluded investment round of TypingDNA. Romanian AI-based typing biometric secured $1.5M funding from several investors including GapMinder and other international investors. Multiple award-winner, TypingDNA became one of the most exciting players in the typing biometrics space, with one of the most […]
London, November 5, 2014. Gecad Ventures launches a new London-based project called PawSquad, a marketplace dedicated to pet lovers. The company is run by a team of British dog enthusiasts. PawSquad is a marketplace that connects pet owners to pet care providers (vets, trainers, breeders, nutritionists) over multiple touch points. The company’s goal is to make pets healthier […]
Bucharest, October 27, 2016. Gecad Ventures has led the first seed investment round in TypingDNA, a Romanian behavioral biometrics cyber security startup based on artificial intelligence. For this round, Gecad Ventures has also syndicated a group of local business-angels, terms of the acquisition being confidential. TypingDNA is a cyber security SaaS that uses AI to identify […]
Bucharest, October 5th, 2017. GECAD NET, one of the first entrepreneurial venture of Radu Georgescu has been acquired by Bittnet Systems, a Romanian company that focuses on IT trainings and delivering end-to-end IT infrastructure services, being also the first Romanian tech company listed on the Bucharest Stock Exchange. With over 25 years of experience in […]
Bucharest, March 11 2014. Gecad Ventures announces a new exit, the takeover of Axigen Messaging by a group of four Romanian entrepreneurs with investments in the local IT industry. The value of the transaction is confidential. Axigen was launched in 2004 with the aim of delivering top e-mail communication technology in Romania and abroad. The Axigen technology […]
Bucharest, June 10, 2003. Microsoft Corp. announced it has signed a definitive agreement to acquire the intellectual property and technology assets of Gecad, a provider of antivirus technology based in Bucharest, Romania. Terms of the acquisition are confidential. Microsoft’s acquisition of Gecad’s technology will help secure customers by providing antivirus solutions for Microsoft® products and services. In […]
Bucharest, February 28, 2017. Radu Georgescu, Founding Partner at Gecad Ventures, took the gong home for Business Leader Of The Year at this year’s Business Review Awards. On Monday evening, in an fairy-like atmosphere that would definitely compete with the Oscars, took place the 2017 Business Review Awards. 200 high-ranking representatives of the business environment, […]
Bucharest, August 12, 2015. Coinify announced the acquisition of Coinzone, a leading Bitcoin payment provider, marking Gecad Ventures fifth international exit. Coinzone was launched in 2014 as the first full stack European Bitcoin solution. By using Coinzone, users can buy, sell, trade and transact with Bitcoin. By integrating Coinzone’s technology, the new partnership between the two companies will result in a number of new opportunities […]
Bucharest, October 7, 2013. Gecad Ventures sells its majority stake in Avangate to California based private equity firm Francisco Partners, this being the third significant international exit for the Romanian technology venture group in the last 10 years. Gecad Ventures has announced the sale of 100% of international ecommerce solutions provider Avangate to California based private equity firm Francisco Partners, […]