Gecad Ventures

Gecad Ventures is a venture capital firm based in Bucharest, Romania, founded in 1992. The firm focuses on investing in start-up and expansion-phase hi-tech companies from Central and Eastern Europe that demonstrate significant potential for international growth. Gecad Ventures targets a variety of sectors, including cybersecurity, fintech, artificial intelligence and machine learning, augmented and virtual reality, transportation, the Internet of Things, and agritech. By investing between €1-7 million in equity, Gecad Ventures aims to foster strong strategic relationships with founding teams and support them in achieving their business goals. With over 20 years of experience, the firm has a history of successful exits, including partnerships with major companies such as Microsoft and Fitbit.

Cristian Nacu

Partner

24 past transactions

Dataworks Research SRL

Seed Round in 2020
Search engine for businesses and business data

SeedBlink

Seed Round in 2020
SeedBlink is an equity crowdfunding platform founded in 2020 and based in Bucharest, Romania. The platform specializes in sourcing, vetting, financing, and scaling investment opportunities for a variety of sectors, including business products and services, energy, healthcare, information technology, and cleantech. By connecting investors with startups and growing companies, SeedBlink facilitates access to capital for ventures in diverse industries such as oncology, mobile technology, cybersecurity, e-commerce, and health tech.

FintechOS

Seed Round in 2019
FintechOS SRL is a Romanian company that develops an artificial intelligence-enabled platform tailored for financial institutions, focusing on digital transformation. Founded in 2017 and headquartered in Bucharest, the company offers a comprehensive open-cloud, omni-channel orchestration platform that includes applications such as Digital Experience Portal, Digital Customer 360, and Digital Product Factory. These tools are designed to enhance customer experiences for banking and insurance firms. Additionally, FintechOS provides the FintechOS Academy, which offers e-learning solutions to support ongoing education and skills development. By leveraging advanced technologies and a hybrid agile methodology, FintechOS enables rapid and cost-effective digital transformation for its clients, facilitating the delivery of personalized services that meet modern consumer demands.

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 specializes in the design and development of wearable technology, particularly smart watches aimed at simplifying users' lifestyles. Founded in 2013 by a team of technology industry veterans and talented engineers, the company focuses on manufacturing smart watches that feature a 30-day battery life and utilize electronic ink-based liquid crystal display screens. These devices connect to smartphones via low-energy Bluetooth technology, allowing users to receive personalized notifications for calls, messages, emails, and application alerts. This functionality helps consumers manage the complexities of daily life more efficiently. Based in London, Vector Watch operates as a subsidiary of Fitbit, Inc., as of December 31, 2016.

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 specializes in the design and development of wearable technology, particularly smart watches aimed at simplifying users' lifestyles. Founded in 2013 by a team of technology industry veterans and talented engineers, the company focuses on manufacturing smart watches that feature a 30-day battery life and utilize electronic ink-based liquid crystal display screens. These devices connect to smartphones via low-energy Bluetooth technology, allowing users to receive personalized notifications for calls, messages, emails, and application alerts. This functionality helps consumers manage the complexities of daily life more efficiently. Based in London, Vector Watch operates as a subsidiary of Fitbit, Inc., as of December 31, 2016.

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 a developer and vendor of an integrated email, calendaring, and collaboration platform, built on advanced Linux mail server technology. This platform offers three tailored solutions: Axigen Business Messaging, designed for businesses seeking secure and efficient email communication and collaboration; Axigen Service Providers Messaging, which supports multi-tenant environments for service providers hosting large numbers of business-level email users; and Axigen Free Mail Server, a user-friendly alternative to open-source solutions that accommodates a significant number of free email users. With a global distribution network of over 200 partners across 100 countries, Axigen manages email traffic for more than 11,000 companies and serves approximately 6 million end-users, emphasizing speed, security, and ease of management for both small businesses and large service providers.

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 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 a developer and vendor of an integrated email, calendaring, and collaboration platform, built on advanced Linux mail server technology. This platform offers three tailored solutions: Axigen Business Messaging, designed for businesses seeking secure and efficient email communication and collaboration; Axigen Service Providers Messaging, which supports multi-tenant environments for service providers hosting large numbers of business-level email users; and Axigen Free Mail Server, a user-friendly alternative to open-source solutions that accommodates a significant number of free email users. With a global distribution network of over 200 partners across 100 countries, Axigen manages email traffic for more than 11,000 companies and serves approximately 6 million end-users, emphasizing speed, security, and ease of management for both small businesses and large service providers.

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 medical facility that specializes in diagnosing and treating hearing and balance disorders. The center provides a comprehensive range of services, including psychological support and speech therapy, particularly for children with hearing loss or those using hearing aids and cochlear implants. The environment is designed to be warm and relaxed, allowing experts to deliver professional care tailored to the specific needs of each patient. With a focus on enhancing the quality of life for individuals facing auditory challenges, OTOMED aims to provide effective solutions and support for both patients and their families.

Otomed Medical Center

Venture Round in 2003
OTOMED Medical Center is a private medical facility that specializes in diagnosing and treating hearing and balance disorders. The center provides a comprehensive range of services, including psychological support and speech therapy, particularly for children with hearing loss or those using hearing aids and cochlear implants. The environment is designed to be warm and relaxed, allowing experts to deliver professional care tailored to the specific needs of each patient. With a focus on enhancing the quality of life for individuals facing auditory challenges, OTOMED aims to provide effective solutions and support for both patients and their families.

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.
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