HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…read more
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.
23rd September 2019 - Value of Digital Sports rights predicted to grow by 10% over next five years
29th August 2019 - FIBA and Atrium Sports partner to deliver new ‘connected stadiums’ venture
25th April 2019 - Work commences on Hong Kong’s Kai Tak Sports Park development
15th February 2019 - News report suggests few Chinese sports venues are profitable
30th January 2019 - TRX secures capital investment from private equity firm Equity38
13th November 2018 - AliPay and WeChat with CustomLinc integration now available in Australia
26th June 2018 - Survey confirms Hong Kong as Asia’s exhibition capital
17th September 2017 - Sports tracking and analytics market to reach US$15.5 billion by 2023
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…read more
Quayclean are a national cleaning and waste services partner with proven results in the understanding and delivery of cleaning needs and challenges faced by facilities including; major venues and…read more
Life Fitness Cardio Life Fitness Strength Hammer Strength Group Cycling Rowers Certified Refurbished Freeweights Benches & Racks Flooring Life Fitness is the global leader in the fitness…read more
Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…read more
The Calgym/Synergy group has had a long and proud history since 1976 as world leaders in the innovation, design and evolution of commercial strength and conditioning equipment. The Synergy group was…read more
Activating skyscapes for tourism, art, leisure and living TouchCloud Global (TCg) is a highly specialised international consultancy, broker and principal, devoted solely to activating and energising…read more
METRA Australia is your innovation partner for smart electronic locking, Access Control solutions and cashless payment systems to suit all types of leisure facilities. Our team’s…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!