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.
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
A new section of the Via Transilvanica trail was officially inaugurated on Thursday, June 5, in Brașov county, connecting 18 localities over more than 170 kilometers from the village of Viscri to the heart of Brașov. Named Terra Borza Teutonica, the newly added stretch highlights the natural beauty and rural heritage of the region and […]
