Gecad Ventures

Gecad Ventures is a venture capital firm based in Bucharest, Romania, with a focus on investing in start-up and expansion-phase hi-tech companies from Central and Eastern Europe. Established in 1992, the firm targets sectors such as cybersecurity, fintech, artificial intelligence, augmented and virtual reality, transportation, IoT, and agritech. Gecad Ventures aims to foster international growth by investing between €1-7 million in equity and leveraging a network of strategic relationships with founding teams. The firm has a history of over 20 years and has achieved notable exits to prominent companies, underscoring its commitment to supporting entrepreneurs in scaling their businesses globally.

Cristian Nacu

Partner

23 past transactions

Dataworks Research SRL

Seed Round in 2020
Dataworks Research SRL, operating under the name Veridion, is a Bucharest-based company that specializes in developing software-as-a-service (SaaS) solutions for B2B sales lead generation. Founded in 2018, it provides tools that assist B2B companies in identifying leads that align with their ideal customer profiles, offering detailed contact information for outreach initiatives. The company's software delivers insights on various factors, including customer location, product categories, company size, job titles, and technology usage. Serving a diverse clientele, Dataworks Research caters to small and medium-sized SaaS firms, sales development agencies, and digital marketing entities such as SEO and web development agencies, as well as media and social media organizations. With a focus on accuracy and classification, the company leverages AI and Machine Learning to enhance its data offerings, ensuring reliability and real-time updates.

FintechOS

Seed Round in 2019
FintechOS specializes in fintech enablement, empowering businesses to launch, service, and expand financial products swiftly and efficiently. Headquartered globally in London and New York, their platform accelerates innovation by breaking data free from core systems, allowing for personalized product creation at scale. FintechOS connects with diverse ecosystems and integrates seamlessly into existing tech stacks, supporting companies like Société Générale, Admiral Group, and BPCE Oney. Their customer base spans strategic corporations to innovative startups, demonstrating their versatility in driving fintech transformation across various industries.

TypingDNA

Seed Round in 2019
TypingDNA, Inc. is a technology company that specializes in typing biometrics authentication solutions. Founded in 2016 and headquartered in Brooklyn, New York, with additional offices in Oradea and Bucharest, Romania, TypingDNA offers an innovative service that enables organizations to authenticate users based on their unique typing patterns. This technology compares current keystrokes with previously recorded typing behaviors, allowing for secure logins, password resets, and multi-factor authentication. The company's solutions are particularly beneficial for the financial services and education sectors, where they enhance security and combat fraud while maintaining a seamless user experience. By employing artificial intelligence algorithms, TypingDNA provides a more effective alternative to traditional two-factor authentication methods, enabling clients to better protect sensitive information without sacrificing usability.

Gluru

Seed Round in 2016
Gluru, based in London, operates as a software company specialising in advanced analytical tools for user data. Its flagship product, Kare, is a SaaS platform that processes and connects billions of recommendations from unstructured data sources using proprietary NLP and machine learning algorithms. This enables consumers or teams to save time, collaborate more efficiently, and increase productivity and sales within enterprises by providing real-time, actionable insights into their unstructured data.

TypingDNA

Pre Seed Round in 2016
TypingDNA, Inc. is a technology company that specializes in typing biometrics authentication solutions. Founded in 2016 and headquartered in Brooklyn, New York, with additional offices in Oradea and Bucharest, Romania, TypingDNA offers an innovative service that enables organizations to authenticate users based on their unique typing patterns. This technology compares current keystrokes with previously recorded typing behaviors, allowing for secure logins, password resets, and multi-factor authentication. The company's solutions are particularly beneficial for the financial services and education sectors, where they enhance security and combat fraud while maintaining a seamless user experience. By employing artificial intelligence algorithms, TypingDNA provides a more effective alternative to traditional two-factor authentication methods, enabling clients to better protect sensitive information without sacrificing usability.

Symphopay

Seed Round in 2016
Symphopay is a company that specializes in developing a middleware payment platform aimed at enhancing the retail customer experience across various channels. Its innovative solution transforms standard point-of-sale devices into advanced marketing tools by integrating all partner banks into a single payment terminal. This central platform allows retailers to connect both fixed and mobile payment terminals, enabling seamless coordination of financial transactions with banking partners in real-time. Additionally, Symphopay's platform supports the integration of marketing and loyalty campaigns, empowering merchants to engage customers effectively while managing payments.

Smart Bill

Seed Round in 2016
Smart Bill, founded in 2007 and headquartered in Sibiu, Romania, is a FinTech startup that specializes in providing billing solutions and software-as-a-service (SaaS) for small and medium-sized enterprises. The company develops comprehensive billing and management software that addresses various aspects of invoicing, inventory management, and online reporting. Its flagship product, Smart Bill Cloud, is an online billing program that allows users to manage their billing needs remotely from any internet-connected device. By streamlining the issuance, delivery, and receipt of bills and receipts, Smart Bill enhances the efficiency and speed of billing processes, enabling businesses to optimize their operations and focus on productivity.

Vector Watch

Venture Round in 2015
Vector Watch is a technology company established in 2013 by industry veterans, aiming to revolutionize the use of smartwatches and wearable tech. The company specializes in designing, developing, and selling software-enabled smartwatches featuring electronic ink-based liquid crystal display screens. Their products cater to both men and women, and are controlled via a mobile-based application. Vector Watch's innovative approach is supported by a team comprising former technology executives, young engineers, and award-winning designers.

Gluru

Seed Round in 2015
Gluru, based in London, operates as a software company specialising in advanced analytical tools for user data. Its flagship product, Kare, is a SaaS platform that processes and connects billions of recommendations from unstructured data sources using proprietary NLP and machine learning algorithms. This enables consumers or teams to save time, collaborate more efficiently, and increase productivity and sales within enterprises by providing real-time, actionable insights into their unstructured data.

Vector Watch

Seed Round in 2014
Vector Watch is a technology company established in 2013 by industry veterans, aiming to revolutionize the use of smartwatches and wearable tech. The company specializes in designing, developing, and selling software-enabled smartwatches featuring electronic ink-based liquid crystal display screens. Their products cater to both men and women, and are controlled via a mobile-based application. Vector Watch's innovative approach is supported by a team comprising former technology executives, young engineers, and award-winning designers.

Coinzone

Seed Round in 2014
Coinzone is a provider of a comprehensive Bitcoin payment platform, facilitating digital currency transactions across various channels, including point-of-sale, mobile, and online environments. The company offers a solution that operates without geographical restrictions, enabling seamless payments in Bitcoin. Recently, Coinzone was acquired by Coinify, further expanding its influence in the cryptocurrency market.

Soupologie

Seed Round in 2014
Soupologie is a producer of nutritious, plant-based soups founded by Stephen, who discovered his culinary talent while cooking for his family. Encouraged by their support, he began selling his soups at market stalls across London, where he quickly gained popularity for his unique flavors. The company's offerings include a range of gluten-free soups made from organic ingredients such as herbs, fruits, and vegetables, allowing consumers to enjoy diverse tastes while maintaining a healthy lifestyle. The success of the Simply Delicious range, launched in 2012, has been driven by Stephen's commitment to consumer feedback and continuous development of exciting new flavors.

Avangate

Private Equity Round in 2013
Avangate is a digital commerce service tailored for software and cloud services companies, enabling them to launch products and accelerate growth. The company provides a robust cloud platform that simplifies online commerce, subscription billing, and global payments, allowing digital businesses to maximize revenue from every customer. Avangate operates in over 180 countries and is trusted by more than 4,000 clients, including notable names such as Absolute Software, Bitdefender, and HP Software. Headquartered in Atlanta, Georgia, Avangate addresses the complexities of commerce infrastructure, freeing business leaders to focus on their core operations.

Avangate

Series A in 2011
Avangate is a digital commerce service tailored for software and cloud services companies, enabling them to launch products and accelerate growth. The company provides a robust cloud platform that simplifies online commerce, subscription billing, and global payments, allowing digital businesses to maximize revenue from every customer. Avangate operates in over 180 countries and is trusted by more than 4,000 clients, including notable names such as Absolute Software, Bitdefender, and HP Software. Headquartered in Atlanta, Georgia, Avangate addresses the complexities of commerce infrastructure, freeing business leaders to focus on their core operations.

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 tailored for software and cloud services companies, enabling them to launch products and accelerate growth. The company provides a robust cloud platform that simplifies online commerce, subscription billing, and global payments, allowing digital businesses to maximize revenue from every customer. Avangate operates in over 180 countries and is trusted by more than 4,000 clients, including notable names such as Absolute Software, Bitdefender, and HP Software. Headquartered in Atlanta, Georgia, Avangate addresses the complexities of commerce infrastructure, freeing business leaders to focus on their core operations.

Smartree

Seed Round in 2006
Smartree Romania SRL is a human resource management outsourcing company headquartered in Bucharest, Romania, with additional offices in Pitesti, Timisoara, Brasov, and Constanta. Founded in 2000, Smartree specializes in payroll processing, personnel administration, and consulting services, as well as implementing human resource management software. The company serves an international portfolio of approximately 150 clients, processing and administering services for around 600,000 employees annually. Smartree is recognized for its commitment to high-quality service, characterized by a responsive and communicative approach towards clients, along with a focus on competency and responsibility. Additionally, the company offers franchising services and has established a strategic partnership with ADP. As of February 2016, Smartree 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 is a private healthcare facility specializing in the diagnosis and treatment of hearing and balance disorders. The center offers a comprehensive range of services, including psychological support and speech therapy, particularly tailored for children with hearing loss, as well as those who use hearing aids or cochlear implants. With a focus on professionalism, Otomed provides a warm and relaxed environment where experts are dedicated to identifying and implementing the most effective solutions for their patients, helping them achieve relief from various auditory challenges.

Otomed Medical Center

Venture Round in 2003
Otomed Medical Center is a private healthcare facility specializing in the diagnosis and treatment of hearing and balance disorders. The center offers a comprehensive range of services, including psychological support and speech therapy, particularly tailored for children with hearing loss, as well as those who use hearing aids or cochlear implants. With a focus on professionalism, Otomed provides a warm and relaxed environment where experts are dedicated to identifying and implementing the most effective solutions for their patients, helping them achieve relief from various auditory challenges.

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 a prominent player in the Romanian IT sector, specializing in a comprehensive range of intelligent B2B IT services tailored for corporate clients. With over 20 years of experience, the company provides solutions including software licensing optimization, integrated CAD technology, integrated security solutions, IT services, training, and cloud platforms. Gecad Net has earned numerous awards and certifications from leading global manufacturers, underscoring its commitment to quality and innovation. In 2014, it achieved the status of Licensing Solutions Provider from Microsoft Romania, distinguishing itself as one of the few companies capable of developing enterprise projects on Microsoft solutions. Through its diverse offerings, Gecad Net aims to empower businesses with cutting-edge technology and support.
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