Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) CEO Shafin Diamond Tejani has hailed 2022 as “a year of continued growth and new opportunities” for the tech incubator.
“We’ve seen significant growth in our Digital Health assets, specifically IV Hydreight which will be listed shortly. We have a healthy balance sheet, significant assets, and a strong working capital position,” the CEO said in a corporate update.
To that point, the firm said it ended its third quarter with a net asset value of C$80.7 million.
READ: Victory Square subsidiary IV Hydreight wins TSX Venture Exchange conditional approval; closes private placements
Diamond Tejani told investors that the Victory Square team is “laser-focused” on unlocking value from the existing portfolio and building a pipeline of new opportunities.
The CEO also shared some updates from its portfolio of companies, which include publicly listed names like GameOn and XR Immersive, both of which trade on the Canadian Securities Exchange, and Stardust Solar, VS Health, and Next Decentrum.
In particular, portfolio company IV Hydreight, which provides immediate wellness through its mobile platform, saw its business grow by more than 606% year-over-year thanks to new business partner sign-ups, according to Victory Square.
The full update can be read here.
Vancouver-based Victory Square builds, acquires, and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. Its portfolio consists of over 25 global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health, and gaming.
Contact Angela at angela@proactiveinvestors.com
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