Changing the Game
Launching his first company, a dating site called iFlurtz, out of his dorm room at the age of 19, Victory Square Technologies Inc. (OTC: VSQTF) CEO Shafin Diamond Tejani has gone on to launch over 40 startups in 21 different countries.
These startups have employed over 350 people and have generated over $100Mn in annual revenues through their Living Labs!
Shafin took the next step in launching Victory Square Technologies Inc. in 2015, which was developed to fund early-stage startups and entrepreneurs who have gone through their Living Labs, and start-up incubators like Launch Academy, as well as through global startup partners focused on sports, entertainment, and health technologies.
Victory Square Technologies Portfolio Company Receives Approval for Sale and Use of Safetest Antibody Test for the European Union
(Released September 14th, 2020)
“Our model and IP is our process, and that process starts with us identifying a large customer in a large market, identifying a pinpoint for that customer, so that they can adapt to these new emerging technologies,” Tejani told The CEO Magazine.
“During the first dotcom bubble, there were a lot of famous global brands that didn’t adapt and later died. We work with large companies to help them adapt and learn from past mistakes.”
To find the company's proverbial needle in a haystack, Victory Square Technologies Inc. (OTC: VSQTF) partners with a global network of incubators and accelerators to source top startups from North and South America, the Middle East, India, throughout Africa and beyond.
From thousands of candidates, the company has assembled their current portfolio of 20-plus companies.
These companies are brought to Canada and paired with an accomplished leadership team for rapid scale-up and commercialization. The company's venture-build approach matches founders with established investors and entrepreneurs with a track record of success, including Canadian Angel Investors of the Year, EY Technology Entrepreneurs of the Year, Forbes 30 under 30 and more.
These advisors provide tactical and logistical expertise, while also securing access to a rich network of partnerships and clients, ranging from Intel, Ebay, Bayer, Allegiant Air and Capital One to Canada’s Digital Technology Supercluster and the renowned Waterloo Artificial Intelligence Institute.
Backed by a team with an international pedigree and track record for success, Victory Square Technologies Inc. (OTC: VSQTF) has successfully raised the profile and the liquidity of numerous portfolio companies.
The company's portfolio highlights minority entrepreneurs, often overlooked by traditional investors, including many from developing countries. We also have an explicit philanthropic mandate to support vulnerable youth in securing access to education, healthcare housing and nutritious food.
Over the years, VST has donated more than 10,000 volunteer hours and helped raise more than $88Mn in support of these causes.
As early adopters in the cryptocurrency space, the company was able to help incubate the BTL Group, the world's FIRST publicly traded Blockchain company!
Then in 2017, Victory Square Technologies Inc. (OTC: VSQTF) purchased Vancouver sports betting company, FansUnite and helped them to complete an RTO transaction for $4.4Mn a year later that gives the company a post-money valuation of $17Mn+!
The company was also an early supporter of Immersive Tech, the internationally renowned supplier of immersive experience and escape rooms that has completed projects for Intel, Snickers and Ardberg.
The Portfolio
Victory Square Technologies Inc. (OTC: VSQTF) integrates a strong ESG (environmental, social and corporate governance) component throughout its operations.
The company's portfolio also highlights minority entrepreneurs, often overlooked by traditional investors, including many from developing countries.
Victory Square Health
(Vertical: Digital Health, Diagnostics)
Victory Square Health Inc. was founded in 2016 to accelerate the development of personalized medicine and technology solutions including diagnostic tests to support patient’s care and improve health outcomes. Its first product, the Leishmaniasis Rapid Test, was developed in partnership with the UFMG, Federal University of Minas Gerais. Safetest took advantage of its expertise in the subject to develop other antibody-based tests and a robust R&D pipelines of diagnostic kits for Hansen’s Disease, Brucellosis, HTLV, SARS-Cov-2, and Blood samples screening tests.
FansUnite
(Vertical: Sports Betting, eSports, Gaming)
FansUnite provides a full suite of sports betting solutions including The FansUnite Protocol, a robust ecosystem of sports betting applications. The FansUnite Protocol will consist of a public library of smart contracts, standardized data structures for team and event information, and a token economy designed to incentivize the provisioning of fast and accurate sports data by a decentralized network of oracles. This Protocol will provide the groundwork for a host of applications that span traditional bookmaking, betting exchanges, daily fantasy, and a variety of other services reliant on sports data.
Highlights:
- Completed two financings totaling $8.3Mn, with an oversubscribed brokered private placement led by Canaccord Genuity.
- Acquisition of Askott Entertainment, a leading esports betting technology platform.
- Acquisition of Mcbookie, a U.K. based sports book that has generated over $340Mn CAD in betting volume since inception.
- Partnered with US based GameCo LLC to bring Askott technology into the US market.
ASPEN
ASPEN is a software company that aims to provide end-to-end digital security and privacy to every single person who uses the Internet. ASPEN provides a free VPN software solution for the 4.3 Billion Connected users globally, and working to develop an Enterprise Application to address the growing Cybersecurity Threat.
PayVida
PayVida is a FinTech company which connects merchants and consumers with e-commerce, mobile, in-store payment acceptance and disbursement technology. Payvida’s technology expedites financial services for merchants and consumers by combining new technologies with the world’s leading payment methods.
Immersive Tech
(Vertical: VR/AR/MR)
Immersive Tech designs, programs, builds and installs immersive and engaging experiences for some of the world’s leading companies for a variety of purposes such as brand engagement, revenue generation, and corporate training. Through a blend of video game development, theme park engineering and the latest VR/AR/MR technologies, the company has amassed a portfolio of global brands. With a track record covering brands and clients like Intel, Ardbeg and Scotiabank, the team has executed on projects ranging from brick-and-mortar escape rooms to team building experiences across the world.
Highlights:
- Recently completed new projects with three large multinational corporations (Capital One, Bayer, BioMérieux).
- Won the 2019 Startup Canada High-Growth Entrepreneurship category.
- Immersive new product presents the ultimate 5D experience that is 100% portable and brings major returns to the operator. Step inside a fully immersive AR experience as guests board CV19 safe teams as they are transported to one of over a dozen AR custom experiences including: Tourism attractions, Haunted Halloween, Santa’s village, The Temple of Doom, Peter’s Easter Land, The Sahara Desert, Commercial Events and Tradeshows and many more!
- Aiming for a direct listing by Q4 2020/Q1 2021.
V2G
(Vertical: Mobile Gaming, eSports)
V2 Games is a video game ventures firm focusing on seed investments in great teams and entrepreneurs. Our mission is to help talented game teams achieve their full potential through a mix of capital, strategic partnerships, and hands-on support. With an executive team that has experience in both the corporate business of games as well as hands-on video game development and distribution, V2 Games acts as a bridge between professional investors and the vast, rapid-growing opp's in the $100Bn gaming market.
Highlights:
- Projects include: Pacific Rim: Breach Wars, Rune: Ragnarok, Men In Black and Hello Kitty.
- V2 Games previously developed the hit mobile game PAC-MAN Bounce, which got over 20 million downloads.
- Aiming for a direct listing by Q4 2020/Q1 2021.
CoPilot
(Vertical: Automation, Artificial Intelligence)CoPilot AI is a fast-growing, venture backed Vancouver FinTech/MarTech company. Financial advisors from over 150 different firms rely on us to help them grow and nurture new business. Our team is made up of a community of industry veterans from Broadridge, EA, SAP, Hillcore to name a few. CoPilot offers financial and sales professionals push button LinkedIn lead generation without spending a dime on ads. We use AI to turn your Linkedin into a lead-generating machine that connects you with prospects and line up opp's for you.
Highlights:
- 150% YOY growth over the past 12 months.
- Clients include: MassMutual, Merrill Lynch, UBS, and New York Life, and more.
- Finalist for the 2019 Technology Impact Awards for Company of the Year – Startup Success.
Multapplied Networks
Multapplied Networks Inc. develops and sells a proprietary Software-Defined Wide Area Network (“SD-WAN”) platform that Cloud and Managed Service Providers white-label and run in their infrastructure to improve visibility and control over end-customer experiences of their hosted, managed applications and drive customer acquisition, retention and brand. Monthly recurring revenue has increased 12% from FY2019.
CloudAdvisors
(Vertical: Insurance Tech)
CloudAdvisors connect insurance advisors with marketplace data and the best tools in a secure digital platform for an enhanced client experience. Through digital client management, on-demand insights, automated reporting, governance and compliance, CloudAdvisors create an accessible and intelligent robo-advice assistant for better insurance advice.
Taloflow
(Vertical: Cloud Infrastructure, Cloud Management)
Taloflow’s prediction engine reveals the cost of every cloud process in real-time, it’s an AI autopilot for cloud resource management that saves companies up to 40% on Amazon Web Services (“AWS”). Investors include: Victory Square Technologies; Plug and Play Ventures; Scott Belsky, Venture Partner at Benchmark; Ian Wong, Co-founder of Opendoor; David Tedman, co-founder of Hootsuite and Invoke; Ross Wightman, founding engineer of Avigilon; and John Seely Brown, Co-Chairman of Deloitte Edge.
Grow Tech Labs
Grow Tech Labs’ mission is to reaffirm British Columbia’s status as a global cannabis capital by attracting a new and diverse generation of sector leaders from across Canada and around the world through the delivery of world class programs that are rooted in innovation, entrepreneurship and mentorship.
Covalent
(Vertical: Fintech)
Covalent is solving a large infrastructure problem that is inhibiting blockchain adoption. Fixing these problems will exponentially increase access to and adoption of distributed blockchain technologies for enterprise and consumer use cases.
Shape Immersive
(Vertical: Augmented Reality, 3D Ecommerce)
Shape Immersive creates the value layer of spatial computing for the world’s top retailers and ecommerce brands. Our 3D commerce solution helps our customers increase conversion rates, drive more sales and reduce return rates with 3D and augmented reality technology. Clients include: Nike, Amazon, Lululemon, Disney, Intel, Red bull, TED, Uniqlo.
Compression AI
(Vertical: Artificial Intelligence, Machine Learning)
Accelerating businesses’ digital experiences, Compression AI utilizes its proprietary neural networks to tailor compression algorithms to each and every input resulting in compressed data sizes as little as 10% of the originals. This results in non-terrestrial, agriculture, energy and manufacturing gaining the ability to rapidly assess, audit and act on oceans of data to improve their business competitiveness.
VS Digital Health Inc.
(Vertical: Digital Health, Diagnostics Distribution)
A 360-degree healthcare offering smart, connected devices, at-home diagnostic tests, personalized digital guidance and monitoring, 24x7x365 access to health care professionals, and prescription delivery. The mission for the company is to make it easier for people with chronic conditions to stay healthier. VS Digital Health has an exclusive distribution right for all Victory Square health’s diagnostic tests in North America, Europe, Middle East, India, Malaysia and Indonesia.
Victory Square Entertainment
(Vertical: Film, TV, Digital Content)
VSE was established to strengthen the VST presence in film, TV and other digital related content. VSE has three main areas of focus, script development, financing and production. Since inception, VSE has financed and produced three films which include Dragged Across the Concrete featuring Mel Gibson and Vince Vaughn, What They Had featuring two time academy award champ Hillary Swank and The Opening Act featuring Jimmy O. Yang, Cedric the Entertainer and Ken Jeong.
In the last year, the select companies of Victory Square Technologies Inc. (OTC: VSQTF) have achieved significant milestones in terms of revenue growth, product development and customer acquisition!
A Record First Half 2020
Highlights for the six-month period ending June 30:
- Net income increased to $4,726,867 from $(2,751,933) during the same period last year;
- Earnings per share increased to $0.07 from $(0.03) during the same period last year.
- 20+ portfolio companies that represent pillars of the future economy: digital health and diagnostics, artificial intelligence (AI), machine learning (ML), augmented and virtual reality (AR and VR), internet of things (IOT), cyber security, blockchain and more.
- Portfolio company, Victory Square Health gets FDA Permission to Manufacture and Market Safetest C19 Elisa Antibody Test in the United States and is the first to be approved by the São Paulo State Government Innovation Programme.
- Portfolio company, FansUnite Entertainment Inc., raised $8,141,764 and listed on the Canadian Securities Exchange (“CSE”).
- VST ended the quarter with a strong balance sheet with $1,683,991 in cash and cash equivalents. The Company also has access to a $10Mn convertible note for operational and growth capital.
NEWS
Victory Square Technologies Portfolio Company Receives Approval for Sale and Use of Safetest CV-19 Antibody Test for the European Union.
VS Health's Safetest Antibody Elisa test was granted EU declaration of conformity which indicates that a product complies with all the requirements of European IVDD (in-vitro diagnostic device) legislation.
The CE designation allows the company to commence marketing, sales and distribution for its Safetest ELISA CV-19 assay for detecting the antibodies IgG and IgM against SARS-CoV-2, until May 2022.
VS Health will immediately look for manufacturing capabilities in the EU to meet the strong demand.
According to EU recommendations, timely and accurate laboratory testing is an essential part of the management of the virus for slowing down the pandemic, supporting decisions on infection control strategies and patient management at healthcare facilities, and detecting asymptomatic cases that could spread the virus further if not isolated.
As of September 10, 2020 the EU & EEA saw 2,476,000 cases and 183,479 deaths from C19.
“Based on our outreach and discussions, the demand for this critical test from distributors around the world is very high. VS Health is poised to meet the growing need from countries focused on detection and reducing the potential curve with the second wave this Fall. We are confident that our exclusive suite and capabilities of our products will meet the increasing EU demand during this Pandemic."- Felipe Peixoto, CEO of VS Health.
"I’m extremely proud that we’ll be able to play a part in the fight against the pandemic and help accelerate testing to get people back to work and school. Importantly, this is not an overnight success. VST first identified Safetest’s potential in 2017 through a partnership in Brazil and worked hard to bring its technology to Canada."- Shafin Diamond Tejani, CEO of VS Technologies
Victory Square Technologies Portfolio Company Receives Brazilian ANVISA Approval for Sale & Use of Safetest Antibody Test for the Country of Brazil.
Victory Square Health received Brazilian ANIVSA approval for Safetest ELISA antibody test for distribution, sale, and usage throughout Brazil and export to Mercosur Countries (Argentina, Paraguay and Uruguay).
The company is now ready for mass sale and distribution of ELISA Test in third largest corona infection rate Country to detect virus and help curb the spread.
With 4,500,000 confirmed cases and 127,000 deaths as of September 8, 2020, Brazil has the third highest number of cases in the world with a population of 210 million.
This approval increases the company’s reach to the entire country of Brazil from prior accelerator approval from State of São Paulo release announced in late August.
"Our mission is to help the global community curb the spread of C19 by delivering the best tests in the market. This approval from Brazil now breaks down many barriers for the Company to export its Safetest Elisa products to Mercosur Countries (Argentina, Paraguay, Uruguay, and Venezuela),” said Peixoto. Approval from the government of Brazil allows for export to qualifying Mercosur countries.- Felipe Peixoto, CEO of Victory Square Health
VS Health has entered into a manufacturing contract for their IgG and IgM Rapid Test Kits for the detection of the viral antibodies for sales and distribution globally.
The latest manufacturing agreement will allow the company to produce an additional 5,000,000 VS Health Rapid Tests monthly for Global distribution.
This additional manufacturing contract will also enable the Company to enter into additional global sales agreements in various industries which have shown interest, including retail, hospitality, pharmaceutical, correctional facilities, cas-ino, border services, education, airport, military, government, and more.
Analisa
The new Victory Square Health/Safetest manufacturer is Gold Analisa Diagnostica Ltda., a Government-recognized manufacturer of bio products in Brazil and has operated for over 30 years.
Gold Analisa is ISO 9001: 2015 certified by DNV - DET NORSKE VERITAS in the scope of production, marketing and technical-scientific advisory services for products for in vitro diagnostic use.
Gold Analisa has Anvisa's Good Manufacturing and Control Practices certificate with hivital, and also participates in the PNCQ - National Quality Control Program, sponsored by SBAC – Sociedade Brasileira de Análises Clínicas. The manufacturer additionally has a distribution network that aims to be close to customers, covering the entire national territory of Brazil.
“We’re completely energized by this critical new manufacturing contract which will allow Victory Square Health to fulfill the tremendous demand for its exclusive Rapid Test kits on a global scale. We are actively working together on other production partnership agreements to further increase our production capacity."- VS Technologies CEO Shafin Diamond Tejani
Victory Square Portfolio Company FansUnite Announces Merger with Askott Entertainment to Create One of Canada’s Leading Gaming Companies.
FansUnite Entertainment Inc. (CSE:FANS) and Askott Entertainment Inc. announced that they have entered into a definitive agreement on June 22, 2020 to combine in an at-market merger, creating one of Canada’s leading gaming companies.
Under the terms of the Agreement, FansUnite will acquire all of the outstanding securities of Askott by way of a three-cornered amalgamation pursuant to which Askott and a newly incorporated subsidiary of FansUnite will amalgamate under the Business Corporations Act (British Columbia) and continue as one corporation which will be a wholly-owned subsidiary of FansUnite.
Combined Company Highlights:
- 4 live Business-to-Consumer (“B2C”) platforms;
- The B2C platforms have had over $350M CAD wagered since inception and over 300,000 registered members;
- 4 signed Business-to-Business (“B2B”) contracts with two currently live;
- Two completed RNG Cas-ino games;
- Applications have been completed for multiple gaming licenses for B2C and B2B
- Highly accomplished and experienced team with decades of experience in eSports, Sports Betting, Cas-ino, Poker, Licensing, Government Relationships, Affiliates and Mergers and Acquisitions.
“This merger with Askott will represent our most significant milestone to date and transform us into one of Canada’s leading gaming companies. With the addition of Askott, we will have a fully integrated gaming asset that offers multiple B2C platforms for users, B2B technology for all forms of sportsbooks, and a seasoned team of executives that have led and grown multiple organizations on a global scale.”- Darius Eghdami, CEO of FansUnite Entertainment
“The FansUnite merger with Askott accelerates the company’s vision of becoming a global leader in the gaming space. Askott’s robust eSports betting technology platform and in-house built RNG Cas-ino games complements FansUnite’s sports betting, cas-ino, and virtual offerings.”
- VS Technologies CEO Shafin Diamond Tejani
MEET THE TEAM
Victory Square Technologies Inc. (OTC: VSQTF) has a world-renowned leadership team with an incredible track record of identifying early stage growth companies and helping them to maximum liquidity.
Core Management
Shafin Diamond Tejani - CEO and Founder
Shafin launched his first company, an online dating website, in 1996 out of his university dorm room at the age of 19. Since then, he’s launched over 40 start-ups, in 24 different countries, generating over $1BN in enterprise value. Shafin has received numerous awards, with the most recent acknowledgements being: EY Technology Entrepreneur of the Year, Canadian Angel Investor of the Year, BC Technology Person of the Year. Outside of his entrepreneurial work, Shafin has contributed significant time to charity and community work. He has become one of Canada’s leading advocates of venture philanthropy. Shafin’s vision is to ensure more children and youth reach their full potential. Since its inception, Shafin and his team have donated 10,000 volunteer hours, helped raise over $88Mn for school programs and community organizations.
His vision is to ensure more children and youth reach their full potential was most recently met in a $10Mn commitment to over 50 organizations across BC.
These organizations include: BC Children’s Hospital Foundation, Science World, Meal Share, WE Family, Variety BC, Room 2 Read, A4K, Simon Fraser Victory Square TechnologiesGirl’s Tech Camp, Children’s Wish Foundation, Covenant House BC and KIDS SAFE.
Sheri Rempel - CFO
25 Years of Accounting Experience. CFO, Controller and Board Member of numerous public companies.
Vahid Shababi - CGO
Over 15 years of experience growing and scaling SaaS and technology companies. Helped generate over $250Mn.
Peter Smyrniotis - Director
Worked with Enterprise Organizations and contributed to over $1Bn in sales. Primary focus on Fintech, Prop Tech and Cyber Security.
Alex Tzilios - Corporate Development
Over 15 years of capital markets experience. Roles within Wealth Management, M&A and Venture Capital.
The Bottom Line:
Victory Square Technologies Inc. (OTC: VSQTF) is building, acquiring, and investing in promising startups, then providing the senior leadership and resources needed to fast-track growth.
With already 20+ portfolio companies that represent pillars of the future economy: digital health and diagnostics, artificial intelligence (AI), machine learning (ML), augmented and virtual reality (AR and VR), internet of things (IOT), cyber security, blockchain and more.
The company ended the quarter with a strong balance sheet with $1,683,991 in cash and cash equivalents and has access to a $10,000,000 convertible note for operational and growth capital.
The current health crisis has already validated and accelerated many of the verticals and technologies that Victory Square invests in.
The Top 5 Reasons to Have Victory Square Technologies Inc. (OTC: VSQTF) on Your Radar Right Now:
- Opp. The company is disrupting every sector of the global economy. If you are in the investment game, then this is the moment you can make substantial returns by backing companies already looking to adopt exponential technology to solve big challenges.
- Positive short-term catalysts. A number of short-term catalysts including VSH FDA Sales and marketing Premission, Brazil, and EU approval, the spin-off of FansUnite, V2 Games and Immersive.
- Reach. Victory Square is able to get unparalleled access to hundreds of Technology start-ups through 80+ accelerator partners around the world!
- A proven team and track record. Founded over 50 companies in 21 countries with over $1Bn in value.
- The traction. 500% + growth over the past 2 years!
Victory Square Technologies Inc. (OTC: VSQTF) has a portfolio that is powering the 4th Industrial Revolution and could be trading at the ground-floor right now!
