Gecad Ventures, a $2 million investment in Vector Watch
London, November 25, 2015. Gecad Ventures has participated with an additional equity of USD $2 million in the recently concluded investment round of Vector Watch. Other investors in this USD $5 million funding include Catalyst Romania and a group of high net worth individuals. With this recent investment, Gecad Ventures remains the largest single shareholder of Vector Watch.
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.
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