Champion puts money into growth firms
Tennis ace Murray joins crowdfunder to back start-ups
Murray, 28, who lost to Novak Djokovic in the semi-final of the French Open yesterday, is already an investor in Seedrs, supporting a number of start-up businesses.
The Wimbledon and US Open winner will provide advice to the firm with respect to businesses working in the areas of health, sport and wearable technology.
He has plans to invest more of his £30 million personal fortune in Britain’s young businesses.
He said: “I’ve always been interested in investment, and being able to get involved in an innovative way to help support British startups really appealed to me.
“Equally as important was working with people I trusted and who fully understood the huge responsibility of handling people’s money. I’m looking forward to working with Seedrs and the entrepreneurs of tomorrow.”
Matt Gentry, who runs the stars management company, 77, added: “Andy is a keen investor, with his own management agency alongside a property portfolio, which includes a hotel. Crowdfunding is a space we’ve been looking at for a while, to complement his business interests, and he’s excited about being able to help startup businesses and entrepreneurs in the UK.
“Andy’s been lucky enough to have support from sponsors throughout his career, not only helping to aid him and his team financially, but also adding valuable mentoring in many cases. For him the opportunity to give something back to help to up and coming business men and women was very appealing.”
Jeff Lynn, chief executive and co-founder of Seedrs, said: “Andy Murray is the perfect partner for Seedrs as we drive our growth to the next level.
“In many ways, he represents the exact combination of qualities that entrepreneurs need to be successful: determination, focus, integrity and skill. We are particularly looking forward to working with him as a member of our advisory board: we believe he can bring a different perspective into certain aspects of the early-stage business community in the health, sport and wearable technology spaces, and we look forward to his input and support.”
Lord Young of Graffham, Lady Thatcher’s enterprise minister and a long-time champion of equity crowdfunding, said: “Both modern tennis and equity crowdfunding have their origins in Britain, and Andy Murray and Seedrs are world-leaders in their respective fields.
“It is wonderful to see the two coming together in this unique partnership, and I believe the outcome of it will be to see more great British businesses raising the capital they need, and more investors having the chance to be part of those businesses.”