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VARCIS unveils Asia’s first sports technology investment entity
With a vision to be the most important sports technology and human performance platform in the region, Varcis Capital, Asia’s first sports technology investment and advisory house has been launched in Hong Kong.
Explaining that the business has been founded on the core belief that Asia’s 4.7 billion people (62% of the world’s population) will have a big role to play in the future intersection of sports, fitness, health, wellness and technology, Phillip King founder and Managing Partner of Varcis Capital, advised “Varcis Capital and our partners are committed to the intersection of sports and technology in Asia - specifically sport, fitness, health, medical, wellness, esports and human Performance - making direct investments and transaction advice to companies.
“The first problem with the global landscape is the majority of venture capital for the sports technology industry American centric which represents only 5% of the world’s human population - Asia has 62% of the world’s population (4.7 billion people) and is home to fastest markets growing at 20% CAGR at the intersection of sports, fitness, health, wellness and technology.
“The second problem is that Asia’s best entrepreneurs need more local investment, capital markets expertise and integrated ecosystems to accelerate faster and work more closely with Asia sports clients. Varcis Capital and its partners aim to co-create an open end-to-end ecosystem for sports technology that seamlessly connects, celebrates, supports and turbo-charges the best and brightest sports technology and human performance across 48 countries in the Asia region.”
Headquartered in Hong Kong the business is anticipating making imminent leadership announcements in China and Australia.
Activities of Varcis Capital
• Varcis Capital has created a leadership team, combining elite sports experience, investment management and brand licensing, venture growth research and transaction advice in Asia.
• The Varcis Investment Division will write Seed and Series A cheques of between US$500,000 and US $5 million.
• The Varcis Transactional Team will provide expertise - from M&A, IPO and Due Diligence advice, technical expertise and brand distribution licencing - to fast-track companies looking to expand, create and monetize sports in Asia”
Global Ecosystem, Partnerships, Research-focus and Results
• The VARCIS global partner network has access to tens of thousands of sports teams, leagues and organisations in Asia and internationally - as well as the world’s leading sports entrepreneurs and exciting young companies.
• Key geographic focus markets include - China, Australia, India, Japan, Hong Kong, Singapore, Philippines and Korea and all 48 countries across the Asia region.
• Varcis will establish physical offices in Hong Kong, Beijing and Melbourne in 2020.
For further information go to www.varcis.com
Image courtesy of Varcis Capital/Facebook.
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