Investments
14Portfolio Exits
2About 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.
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Latest GECAD Group News
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.
GECAD Group Investments Activity
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, GECAD Group, Techstars Ventures, and Undisclosed Angel Investors | 5 |
11/15/2016 | Seed VC - II | Gluru | $2M | No | 13 | |
10/27/2016 | Seed VC | |||||
4/5/2016 | Seed VC |
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 | ||
Amount | $1.23M | $1.5M | $2M | ||
New? | Yes | No | No | ||
Co-Investors | Gap Minder, GECAD Group, Techstars Ventures, and Undisclosed Angel Investors | ||||
Sources | 2 | 5 | 13 |
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 | |||
Date | 3/9/2021 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 2 |
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 | |
Name | Radu Georgescu | |
|---|---|---|
Work History | ||
Title | Founding Partner | |
Status | Current |
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