Mr. Varsavsky is our Chairman and CEO and a serial entrepreneur who has founded eight companies in the United States and Europe in the last 30 years. Mr. Varsavsky has successfully identified and profited from a number of trends including fiber optic networks, mobile networks, consumer internet, renewable energy such as wind and solar, and in healthcare, fertility preservation and embryo testing.
At the start of his career in the 1990s, Mr. Varsavsky built Viatel Inc., which became the first pan-European fiber optic network (sold stake for $1.2 billion in 1999), followed by Jazztel, a telecom operator that went public in 1999 (exited at $770 million valuation). In the early 2000s, Mr. Varsavsky built Ya.com, which later sold to Deutsche Telekom for $650 million. In 2005, Mr. Varsavsky founded the international Wi-Fi services company Fon Wireless Ltd. (“Fon”), backed by equity investors Google and Microsoft. In May 2019, Mr. Varsavsky sold his entire stake in Fon back to the company as part of Fon’s stock buyback program. Mr. Varsavsky subsequently co-founded Eolia Renovables de Inversiones SCR SA, one of Spain’s largest renewable energy companies, which was sold in 2019. In 2015, backed by Lee Equity Partners, Mr. Varsavsky founded Prelude Fertility/Inception, now the largest chain of fertility clinics in the USA. In 2017, Mr. Varsavsky founded Overture Life, which focuses on automating the embryology lab and is backed by Khosla Ventures, Marc Benioff and Allen & Company.
Mr. Varsavsky is also an investor through Jazzya Investments, his family office and through funds with a combined pool of $200 million. These funds include VAS Ventures, which does seed and early stage investing, and Martín Varsavsky Bankinter Fund, which does late stage investing and funds. Investment targets have included 23andMe, Aura Biosciences, Busuu, Cookunity, Elite Daily, Eloquii, Menéame Hipertextual, Netvibes, Reclamador, SmartThings, Todoexpertos, Truecaller, Tumblr, Verse, Voyage and Wavesense. In addition to his current role at Goggo Network as Co-Founder CEO, Mr. Varsavsky occasionally teaches entrepreneurship at Columbia Business School, New York University and IE University of Spain and serves as a member of the Board of Axel Springer SE.
President & CEO, Boston Heart Diagnostics; CEO, Ipsogen Inc.; General Manager, Abbott Laboratories; VP, Quest Diagnostics; Director, Ancillary Contracting, Oxford Health Plans