Hong Kong based Varcis Capital has launched an Asia-focused Sports Technology Investment and Advisory House.
Led by Mr. Phillip King, Founder and Managing Partner, Varcis Capital will make Seed and Series A investments of between $500k / $5m.
The firm’s team will provide expertise – from M&A, IPO and Due Diligence advice, technical expertise and brand distribution licensing – to fast-track companies looking to expand, create and monetize sports in Asia. To this end, Varcis has created a leadership team, combining elite sports experience, investment management and brand licensing, venture growth research and transaction advice in Asia.
The firm’s global partner network has 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 – 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.