Romanian smart watch brand Vector Watch gets five million dollar funding

The company Vector Watch, founded by Romanian entrepreneur Radu Georgescu obtained the third financing after it's launch in value of 5 million dollars. The funds will be used to extend US office and product development.

Financing came from parent company Gecad Group that led the investment with 2 mil. $, Followed by 3TS Fund Catalyst Romania 1.6 mil. $ and a number of private investors among which the co-founders of eMag who made the difference of 1.4 mil. $. The investment fund Catalyst Romania was represented in the process by law firm RTPR Allen&Overy, with a team led by Costin Taracila.

The company Vector Watch, the largest bet technological and trade of Romanian entrepreneurs in the global industry of gadgets carrier, which launched two years after setting up a collection of 12 SmartWatch sites, obtained new financing - third in value 5 million dollars which will be used to extend US office and product development.

Transferred to London shortly after the first 0.5 million euro initial financing from Gecad in July 2014, Vector Watch is projected to become a billion dollar company, following the trend of smart watch market boom.