Vector Watch, a London-headquartered company that makes smartwatches that last for up to 30 days on a single charge, has raised a fresh $5 million in funding.
The round was led by Bucharest-based investor GECAD Group, with participation from Catalyst Romania and “a group of high net worth individuals.” The company had previously raised a $2 million seed round from GECAD Group in 2014.
Vector Watch unveiled a collection of 12 attractive smartwatch models across three distinct styles earlier this year. The company has built its own proprietary low-power operating system for the wearables, and it’s targeting the fashion-conscious mainstream market with the timepieces, which range from $250 up to $400.
Beyond its own range of watches, the company also plans to make its platform the “industry standard for the wearable sector,” said Joe Santana, CEO at Vector Watch. “We have a strong team of developers who are working with well respected names in the wearables industry.”
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Though Vector Watch’s main headquarters are in London, it also has hubs in Romania, the Netherlands, Hong Kong, and Silicon Valley.
