After the exit from Axigen, GECAD invests in e-commerce startup Tynka from Great Britain

Gecad has recently announced it has invested in Tynka, a startup from Newcastle, Great Britain developed by a team of young graduates. Gecad will also advise the team of young entrepreneurs behind Tynka and help the company reach its business targets.

Gecad focuses on early stage investments in technological and e-commerce companies. Just a week ago, Gecad sold Axigen Messaging to a group of four Romanian entrepreneurs for an undisclosed sum.

“We are supporting especially young entrepreneurs and companies that are focusing on niche sectors. Tynka has the upside of being created by students who understand the needs of those that are the same as them. We hope we will be able to expand the activity of this company to global level,” said Radu Georgescu, founding partner in Gecad Group.

Tynka (www.tynka.com) is an application that allows students to keep up to date with activities and events of interest within and outside the campus borders. Students can use this platform to adhere to student groups, to confirm participation in certain activities, and to buy tickets to events, or even buy things from other students via the Notice Board function.

“Students spend a lot of time trying to watch what’s interesting on campus. Tynka helps them discover and watch the activities and events that interest them. When I was a student, I found it hard to pursue whatever was happening on campus, and now I hope Tynka has solved this problem. Furthermore, the eCommerce engine incorporated in the application allows one to make transactions and payments. Students can even find buyers for the books they no longer need, for bikes or sports equipment,” said Stephen Irvine, CEO and founder Tynka.

Tynka launched the beta version of its platform start February, and already has over 10,000 subscribers. By the end of the year, Tynka plans to cover most universities in Great Britain.

Tynka also has other investors such as Northstar Ventures investment fund based in Newcastle, which is backed up by the European Regional Development Fund and the European Investment Bank.
Otilia Haraga