HONG KONG: VARCIS Capital has launched what it asserts is the world’s first Asia-focused Sports Technology Investment and Advisory House.
Headquartered in Hong Kong and with imminent leadership announcements to be made in China and Australia, VARCIS has a vision to be the world’s most important Sports Technology and Human Performance platform in Asia.
“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,” said Mr. Phillip King, Founder and Managing Partner of Varcis Capital. “The first problem with the global landscape is the majority of Venture Capital for the Sports Technology industry is 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 home to fastest-markets growing at 20% CAGR at the intersection of sports, fitness, health, wellness and technology.”
The Varcis Investment Division will write Seed and Series A cheques of between $500,000 – $5,000,000.
The VARCIS global partner network claims access to tens of thousands of sports teams, leagues and organizations in Asia and internationally – as well as the world’s leading sports entrepreneurs and exciting young companies.
Key geographic focus markets include – India, China, Australia, 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.
