Gecad Ventures

Gecad Ventures invests in start-up and expansion-phase hi-tech companies from CEE with meaningful prospects of scaling internationally, including verticals like Cybersecurity, Fintech, AI/ML, AR & VR, Transportation, IoT and Agritech. We are an early investor which provides value by building strong strategic relationships with the founding teams, while supporting them in achieving their business objectives. We invest between €1-7 million in equity and also share a wealth of resources with the objective of fast growth and a presence in international markets. Previously Gecad Group, Gecad Ventures history spans for over 20 years and includes notable exits to Microsoft, Francisco Partners, Naspers, Fitbit.

Adriana Suciu

VP of Operations

23 past transactions

Veridion

Seed Round in 2020
Search engine for businesses and business data

FintechOS

Seed Round in 2019
FintechOS SRL, founded in 2017 and headquartered in Bucharest, Romania, specializes in providing an artificial intelligence-driven platform for financial institutions. The company offers a comprehensive suite of applications designed to facilitate digital transformation, including tools for customer engagement, product development, identity management, and document handling. Its platform is characterized by an open-cloud architecture that supports seamless integration and multi-channel interaction. Additionally, FintechOS provides educational resources through FintechOS Academy, focusing on e-learning and inquiry-based teaching methods. By leveraging advanced technologies, FintechOS aims to enhance the customer experience for banking and insurance sectors globally, offering a competitive edge in operational efficiency.

TypingDNA

Seed Round in 2019
TypingDNA, Inc. is a company specializing in typing biometrics authentication solutions, enabling secure user identification based on individual typing patterns. Founded in 2016 and headquartered in Brooklyn, New York, with additional operations in Oradea and Bucharest, Romania, TypingDNA offers a range of services aimed at enhancing security for various sectors, including financial services and education. Its key products include an Authentication API that verifies keystroke patterns against previously recorded data, as well as Continuous Authentication, which monitors typing dynamics to ensure ongoing user verification. The company's technology facilitates both two-factor and multi-factor authentication, providing a frictionless experience for users while effectively preventing fraud. TypingDNA’s innovative approach allows organizations to secure their applications, eLearning platforms, and payment systems without compromising user experience.

Gluru

Seed Round in 2016
Gluru is a software company that specializes in advanced analytical and predictive user data solutions. Its software-as-a-service platform transforms unstructured user data into accessible and actionable insights, enabling consumers and teams to enhance collaboration, save time, and increase productivity. By leveraging proprietary natural language processing and machine learning algorithms, Gluru processes vast amounts of data, generating billions of recommendations tailored to user needs. This capability allows users to efficiently navigate their unstructured data, ultimately supercharging their workflow and providing timely information when it is most needed.

TypingDNA

Pre Seed Round in 2016
TypingDNA, Inc. is a company specializing in typing biometrics authentication solutions, enabling secure user identification based on individual typing patterns. Founded in 2016 and headquartered in Brooklyn, New York, with additional operations in Oradea and Bucharest, Romania, TypingDNA offers a range of services aimed at enhancing security for various sectors, including financial services and education. Its key products include an Authentication API that verifies keystroke patterns against previously recorded data, as well as Continuous Authentication, which monitors typing dynamics to ensure ongoing user verification. The company's technology facilitates both two-factor and multi-factor authentication, providing a frictionless experience for users while effectively preventing fraud. TypingDNA’s innovative approach allows organizations to secure their applications, eLearning platforms, and payment systems without compromising user experience.

Symphopay

Seed Round in 2016
SymphoPay SRL, founded in 2015 and based in Bucharest, Romania, offers a smart POS solution that enables merchants and banks to centralize card payments on a single platform. This platform is designed for retailers looking to improve customer experience in a multichannel environment by connecting various payment terminals, whether fixed or mobile. Additionally, SymphoPay's system allows for the integration of marketing and loyalty campaigns in real-time, facilitating enhanced customer engagement and streamlined payment processing.

Smart Bill

Seed Round in 2016
Founded in 2007, Smart Bill is a Romanian FinTech startup that offers billing solutions and SaaS-based services. It also provides small- and medium-sized businesses with invoicing and inventory management software. It offers Smart Bill Cloud, an online billing program which can be accessed from anywhere, from any internet-connected device. The company is headquartered in Sibiu, Romania.

Vector Watch

Venture Round in 2015
Vector Watch UK Limited designs and develops wearable technology to simplify lifestyles. It manufactures and markets smart watches with a 30 day battery life, through its intelligent technology, provide discreet and relevant information; connect to smartphone application via low energy Bluetooth technology; deliver personal and customized notifications; and notify incoming calls messages, emails, and application alerts to help consumers streamline the complexities of day to day life. The company was incorporated in 2014 and is based in London, United Kingdom. As of December 31, 2016, Vector Watch UK Limited operates as a subsidiary of Fitbit, Inc.

Gluru

Seed Round in 2015
Gluru is a software company that specializes in advanced analytical and predictive user data solutions. Its software-as-a-service platform transforms unstructured user data into accessible and actionable insights, enabling consumers and teams to enhance collaboration, save time, and increase productivity. By leveraging proprietary natural language processing and machine learning algorithms, Gluru processes vast amounts of data, generating billions of recommendations tailored to user needs. This capability allows users to efficiently navigate their unstructured data, ultimately supercharging their workflow and providing timely information when it is most needed.

Vector Watch

Seed Round in 2014
Vector Watch UK Limited designs and develops wearable technology to simplify lifestyles. It manufactures and markets smart watches with a 30 day battery life, through its intelligent technology, provide discreet and relevant information; connect to smartphone application via low energy Bluetooth technology; deliver personal and customized notifications; and notify incoming calls messages, emails, and application alerts to help consumers streamline the complexities of day to day life. The company was incorporated in 2014 and is based in London, United Kingdom. As of December 31, 2016, Vector Watch UK Limited operates as a subsidiary of Fitbit, Inc.

Coinzone

Seed Round in 2014
Coinzone B.V., founded in 2014 and based in Amsterdam, provides a comprehensive system for facilitating Bitcoin payments both online and at point-of-sale. The company serves businesses and individuals across Europe and emerging markets, allowing them to store and transact in digital currencies. In 2015, Coinzone became a subsidiary of Coinify ApS, further enhancing its capabilities in the Bitcoin payment sector.

Soupologie

Seed Round in 2014
Soupologie was founded by Master Soupologist, Stephen, who discovered his talent for making soups while cooking for his family. Challenged by them to take his passion for soup-making to a wider audience, he set off to market stalls across London, armed with his saucepans, ladles, soup and camping stove! He was delighted to find that people loved his soups and were happy to chat to him and encourage him to expand. The Simply Delicious range really took off during 2012 and as a result of Stephen still doing food tastings and getting people’s feedback, he has continued to develop the soups and create really exciting flavours.

Avangate

Private Equity Round in 2013
Avangate is a digital commerce service that specializes in facilitating the growth of software and cloud services companies. It offers a comprehensive platform designed to simplify the complexities of online commerce, subscription billing, and global payments. By providing businesses with the tools needed to launch new products and optimize revenue generation, Avangate enables its clients to operate efficiently in over 180 countries. With a client base exceeding 4,000 digital businesses, including notable names such as Absolute Software and Kaspersky Lab, Avangate has established itself as a trusted partner in the digital commerce landscape. Headquartered in Atlanta, Georgia, the company leverages its cloud-based technology and global commerce expertise to support the evolving needs of modern digital enterprises.

Avangate

Series A in 2011
Avangate is a digital commerce service that specializes in facilitating the growth of software and cloud services companies. It offers a comprehensive platform designed to simplify the complexities of online commerce, subscription billing, and global payments. By providing businesses with the tools needed to launch new products and optimize revenue generation, Avangate enables its clients to operate efficiently in over 180 countries. With a client base exceeding 4,000 digital businesses, including notable names such as Absolute Software and Kaspersky Lab, Avangate has established itself as a trusted partner in the digital commerce landscape. Headquartered in Atlanta, Georgia, the company leverages its cloud-based technology and global commerce expertise to support the evolving needs of modern digital enterprises.

Axigen

Series A in 2007
Axigen is an integrated email, calendaring and collaboration platform, masterfully built on our unique Linux mail server technology, for increased speed and security. The Axigen messaging platform is available in three solutions, all tailored to customer needs: - Axigen Business Messaging The full benefits of email communication & collaboration, integrated in a smart & secure solution based on a powerful mail server for business. - Axigen Service Providers Messaging Multi-tenant messaging for SPs looking to host hundreds to millions of business-level email users, based on a powerful mail server for ISP. - Axigen Free Mail Server The Axigen Free Mail Server is a great alternative to open source: it is a turnkey messaging solution with an amazing number of free email users. Currently, AXIGEN is distributed internationally by over 200 partners from 100 countries and manages email traffic for more than 11,000 companies with 6 million end-users.

Avangate

Seed Round in 2006
Avangate is a digital commerce service that specializes in facilitating the growth of software and cloud services companies. It offers a comprehensive platform designed to simplify the complexities of online commerce, subscription billing, and global payments. By providing businesses with the tools needed to launch new products and optimize revenue generation, Avangate enables its clients to operate efficiently in over 180 countries. With a client base exceeding 4,000 digital businesses, including notable names such as Absolute Software and Kaspersky Lab, Avangate has established itself as a trusted partner in the digital commerce landscape. Headquartered in Atlanta, Georgia, the company leverages its cloud-based technology and global commerce expertise to support the evolving needs of modern digital enterprises.

Smartree

Seed Round in 2006
Smartree Romania SRL provides human resource management outsourcing services. It offers payroll; personnel administration; analysis, reporting and management; and consulting services, as well as human resource management software implementation services. The company also provides franchising services. It has a strategic partnership with ADP. Smartree Romania SRL was founded in 2000 and is based in Bucharest, Romania with additional offices in Bucharest, Pitesti, Timisoara, and Constanta, Romania. As of February 1, 2016, Smartree Romania SRL operates as a subsidiary of Cylatrea Investments.

Axigen

Seed Round in 2004
Axigen is an integrated email, calendaring and collaboration platform, masterfully built on our unique Linux mail server technology, for increased speed and security. The Axigen messaging platform is available in three solutions, all tailored to customer needs: - Axigen Business Messaging The full benefits of email communication & collaboration, integrated in a smart & secure solution based on a powerful mail server for business. - Axigen Service Providers Messaging Multi-tenant messaging for SPs looking to host hundreds to millions of business-level email users, based on a powerful mail server for ISP. - Axigen Free Mail Server The Axigen Free Mail Server is a great alternative to open source: it is a turnkey messaging solution with an amazing number of free email users. Currently, AXIGEN is distributed internationally by over 200 partners from 100 countries and manages email traffic for more than 11,000 companies with 6 million end-users.

GECAD ePayment

Seed Round in 2004
GECAD ePayment, now PayU Romania – www.payu.ro - has been providing since 2004 online payment solutions for Romanian merchants. In 2010, MIH/Allegro, part of Naspers, acquired GECAD ePayment. Presently, PayU provides integrated online payments solutions and has operations in Poland, the Czech Republic, Romania and Hungary and has processed 31 million transactions in 2010 and a volume of almost 1 billion euro. In Romania, PayU is the key player on the online payments market. The company develops the online payments integrated solution PayU dedicated to companies that want to sell online in Romania or the countries PayU has operations in.

OTOMED Medical Center

Seed Round in 2003
OTOMED Medical Center offers you a wide range of services to the highest degree of professionalism. In a warm and relaxed atmosphere, the experts find the most appropriate solutions regarding hearing and balance disorders, speech therapy and psychology. OTOMED offers a complete range of services regarding both diagnosis and treatment of hearing and balance disorders, and also psychological and speech therapy support for children with hearing loss, bearers of hearing aids or cochlear implant.

OTOMED Medical Center

Venture Round in 2003
OTOMED Medical Center offers you a wide range of services to the highest degree of professionalism. In a warm and relaxed atmosphere, the experts find the most appropriate solutions regarding hearing and balance disorders, speech therapy and psychology. OTOMED offers a complete range of services regarding both diagnosis and treatment of hearing and balance disorders, and also psychological and speech therapy support for children with hearing loss, bearers of hearing aids or cochlear implant.

RAV Antivirus

Seed Round in 1994
RAV Antivirus was founded in 1994 to primarily meet the growing security needs of internet service providers and Linux users. Within just a few years of it's inception, RAV established an impressive global presence and became the anti-virus of choice for millions of users worldwide. RAV's state-of-art technology and development talent attracted the attention of Microsoft which was scouting for the appropriate technology and team to launch it's security initiatives. In mid 2003, RAV's technology and development team was acquired by Microsoft in a transaction that made headlines in the technology space and firmly positioned GECAD a a major international technology group. Please read the full press release on Microsoft website.

GECAD NET

Seed Round in 1992
GECAD NET is one of the key players in the Romanian IT market, offering the whole choice of intelligent IT solutions: software licensing optimization, integrated CAD technology, integrated security solutions, IT services, training, cloud platforms. With a tradition of 20 years in IT, GECAD NET won numerous awards and certifications from the world's leading manufacturers. In 2014, GECAD NET received the status of LSR (Licensing Solutions Providers) from Microsoft Romania, being one of the few companies that can develop Enterprise projects on Microsoft solutions.