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.
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.
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