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gecad.com

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Investments

14

Portfolio Exits

2

About GECAD Group

GECAD invests in companies with high growth potential with the ability to innovate and deliver new ideas and products in their markets. GECAD is primarily focused on software and hi-tech companies, including security software, cloud technologies, eCommerce, cryptocurrencies and payment methods.

GECAD Group Headquarter Location

246 C, Calea Floreasca, 18th Floor, Sky Tower Building District 1

Bucharest, 014476,

Romania

+40 21 303 2050

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Latest GECAD Group News

Bittnet wants to take over Romanian Gecad Net with EUR 600,000

Apr 19, 2017

19 Apr 2017 Bittnet Systems (BNET), an IT&C integrator and provider of IT training, intends to buy the local company Gecad Net for EUR 600,000, reports local Profit.ro . The funding will be provided from its own sources, from bank loans or bond issues. Gecad Net is a local provider of software and integrated IT services, with a turnover of EUR 4.2 million in 2015, according to the latest data available. The company is part of the investment portfolio of GECAD Group, owned by the local investor Radu Georgescu. Bittnet’s shareholders also plan to launch one or more bond offers in Romanian currency lei, with a total value of RON 10 million (EUR 2.2 million), until the end of 2018. Bittnet Systems listed its shares on the Bucharest Stock Exchange in 2015. In mid-2016, the company had the first bond issuance listed by an IT company in Romania. It managed to attract almost EUR 1 million from 40 private investors. Last year, Bittnet Systems recorded a turnover of RON 13.7 million (EUR 3 million), up 36% over 2015. Its net profit rose by 12% to RON 1.2 million (EUR 265,500). editor@romania-insider.com

GECAD Group Investments

14 Investments

GECAD Group has made 14 investments. Their latest investment was in FintechOS as part of their Seed VC - II on May 5, 2019.

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GECAD Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/15/2019

Seed VC - II

FintechOS

$1.23M

Yes

2

1/7/2019

Seed VC - II

TypingDNA

$1.5M

No

Gap Minder, Techstars Ventures, and Undisclosed Angel Investors

5

11/15/2016

Seed VC - II

Gluru

$2M

No

13

10/27/2016

Seed VC

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10

4/5/2016

Seed VC

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$99M

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10

Date

5/15/2019

1/7/2019

11/15/2016

10/27/2016

4/5/2016

Round

Seed VC - II

Seed VC - II

Seed VC - II

Seed VC

Seed VC

Company

FintechOS

TypingDNA

Gluru

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Amount

$1.23M

$1.5M

$2M

$99M

New?

Yes

No

No

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Co-Investors

Gap Minder, Techstars Ventures, and Undisclosed Angel Investors

Sources

2

5

13

10

10

GECAD Group Portfolio Exits

2 Portfolio Exits

GECAD Group has 2 portfolio exits. Their latest portfolio exit was PawSquad on March 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/9/2021

Acquired

2

1/10/2017

Acquired

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$99M

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10

Date

3/9/2021

1/10/2017

Exit

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

2

10

GECAD Group Team

2 Team Members

GECAD Group has 2 team members, including current Founding Partner, Radu Georgescu.

Name

Work History

Title

Status

Radu Georgescu

Founding Partner

Current

Daniel Nicolescu

Chief Technology Officer

Former

Name

Radu Georgescu

Daniel Nicolescu

Work History

Title

Founding Partner

Chief Technology Officer

Status

Current

Former

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