VARCIS Launches Asia’s First Venture Capital Fund For Sports And Sports Technology

VARCIS Capital today launches the worlds first Asia-focused Venture Capital Firm focused on Sports, Media, Fitness, Wellness, Health and Human Performance.

Online PR News � 25-September-2019 – VARCIS Capital today announces the launch of the worlds 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 worlds most important Sports Technology and Human Performance platform in Asia.

Sports Tech 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 worlds human population — Asia has 62% of the worlds population (4.7 billion people) and home to fastest-markets growing at 20% CAGR at the intersection of sports, fitness, health, wellness and technology.”

Activities of Varcis Capital
Varcis Capital has created a world-class 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 $500,000 – $5,000,000 USD.
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 organizations in Asia and internationally as well as the worlds 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, please visit the Varcis Capital website at www.varcis.com or email Mr. Phillip King (phillip.king@varciscapital.com)