Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. VECTOR WATCH RECEIVES US $5 MILLION INVESTMENT

VECTOR WATCH RECEIVES US $5 MILLION INVESTMENT

December 23, 2015

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.

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/vector-watch-receives-us-5-million-investment/61254
Read in full - click here
Little London International Academy boosts high school capacity by 30% for the 2025-2026 academic year with a EUR 3 mln expansion project

“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]

Iron Maiden to bring ‘Run For Your Lives’ tour to Bucharest in 2026

British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]

Three out of four Romanians believe Ukraine war greatly impacts Romania, survey shows

Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]

Romanian investor reportedly buys Bucharest’s emblematic Scala building

Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...

Bucharest Parking Company reports strong results, adds over 12,400 new parking spaces in H1

The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18.  CMPB reported a net profit of RON 28.3 million for January–June […]

Romanian project creates seagrass meadows, artificial reefs in the Black Sea

Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]