Vector Watch has received further investment of $5 million, led by Bucharest based early stage technology investor GECAD Group. Other investors in this round include Catalyst Romania and a group of high net worth individuals. With this recent investment, GECAD Group remains the single largest shareholder of Vector Watch. Vector Watch is a technology company with offices in London, Silicon Valley, Amsterdam, Hong Kong and Bucharest. Vector has developed a proprietary low power operating system for wearables which allows its current range of Luna and Meridian smart watches to run on an unprecedented 30-day battery life. Manufactured from stainless steel for a premium aesthetic, Vector’s models pay homage to the minimalism of the traditional wristwatch with a sleek, understated look and a focus on simplicity. Joe Santana, CEO at Vector Watch said: “We are extremely pleased to receive new investment in Vector and look forward to the exciting new developments this latest round of investment presents us with. We have a strong team of developers who are working with well respected names in the wearables industry with the aim of rolling out our innovative platform so it eventually becomes an industry standard for the wearable sector.” About Vector Watch: Vector Watch designs & develops wearable technology to simplify lifestyles. Committed to delivering the highest quality of craftsmanship, we combine impeccable design and exceptional materials with cutting edge software and a unique user experience to enrich the lives of our customers. Our intelligent technology provides discreet & relevant information to help streamline the complexities of day to day life, whilst retaining the aesthetic & elegance of a premium timepiece. About GECAD Group: GECAD Group invests in companies with high growth potential with the ability to innovate and deliver new ideas and products in their markets. GECAD Group primarily focuses on software and hi-tech companies, including security software, cloud technologies, eCommerce and payment methods. Key investment criteria include a credible technology roadmap to support products that are innovative and have the potential for a global roll-out. Amongst others, GECAD Group has successfully exited from three of its major investments: RAV Antivirus acquired by Microsoft in 2003, Gecad ePayment International by Naspers in 2010 and in 2013 Francisco Partners private-equity company acquired Avangate. About Catalyst Romania Catalyst Romania is a fund from 3TS Capital Partners, one of the leading European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
