Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) has outlined its objectives for the coming year after a busy 2021 saw it accumulate 25 portfolio companies.
“With real skin in the game and strong insider ownership, management is aligned with investors,” Victory Square wrote in a corporate update.
“We drive value by monetizing investments and reinvesting the gains in new innovations. With a basket of 25 portfolio companies, six are now hitting liquidity events," it added.
In 2022, the technology accelerator said it is focusing on spin-offs, Web3, Digital Health, climate tech and “a healthy share price.”
READ: Victory Square says portfolio company Stardust Solar plans a 2022 public listing
The firm said it is expecting four of its portfolio companies to list on a stock exchange this year: Stardust Solar, Creator.co, Turnium Technology Group, and CoPilot.
In the Web3 space, Victory Square currently has live projects focused on NFTs, DAOs, P2E (Play to Earn) Games, the Metaverse, DeFi, and Creator Coins/Social Tokens. Companies in the space include GameOn Technologies, Fantasy 360 Technologies, Creator.co, Covalent CQT, Next Decentrum, VS Blockchain Assembly, BlockX, and Cloud Nine.
Meanwhile, Victory Square told investors that the pandemic has not only accelerated technology innovation and adoption in healthcare, but exposed many weaknesses and areas of improvement. The firm’s portfolio companies Victory Square Digital Health, Victory Square Health, Hydeight, and Discreet Care are currently working on projects in the areas of telehealth, at-home testing, pharmacy, chronic care, supplements, mental health, and pet health.
As for the climate tech space, Victory Square said it sees “enormous potential” in the space. “The stakes, and the market opportunities, are enormous,” the company said. Its portfolio companies Stardust Solar and Draft Label are currently working on initiatives in education, renewables, solar, electric vehicle charging and carbon credits.
Commitment to communication
The company also addressed its share price, which has declined over the past seven months – a development Victory Square called “very disappointing.”
“The decline of the microcap space over the past seven months, volatility on the major indexes, inflation worries, rate hikes, and omicron shutdowns have created a lot of uncertainty about what lies ahead for many,” the company told investors.
“Although uncertainty abounds domestically and globally, opportunity also abounds for investors — the challenges ahead are plain to see and, in many respects, timeless: health and safety, the desire to communicate and play, the need to eat and work and thrive. And, Victory Square has built a portfolio full of phenomenal companies finding creative new ways to solve these timeless needs.”
The company committed to regular communication with shareholders, releasing its NAV (net asset value) on a more frequent basis and increased though leadership and earned media efforts to try and hone in on new investors, specifically family offices.
“(When) we look at the future, we’re working towards making it brighter than today,” the company concluded.
“Disruptive innovation can help solve some of the world’s most persistent problems. We invest to be a force for good — focusing on technologies and companies we believe will affect the environment, our society, and the world’s ability to create further innovations in a positive way.”
Contact Angela at angela@proactiveinvestors.com
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