Tennis Star Andy Murray Investing In UK Technology Startups

Wimbledon has achieved fairly a bit in the best way of merging sports and know-how, and this month it was revealed that one in every of its champions, Andy Murray, will do the identical.  The 28 yr previous U.S. Open winner has signed a deal to companion with Seedrs, an fairness crowdfunding platform based mostly in London.  Murray will make investments hundreds of thousands into numerous UK know-how startups.

Crowdfunding has been made in style by numerous startups reminiscent of Kickstarter, (see Deflategate crowdfunded Tremendous Bowl ring), Indiegogo and Seedrs.   By way of a web-based platform, giant numbers of individuals could make a number of small investments into startups serving to them to boost funds for his or her companies.  It’s a neater method to fundraise and achieve buyers, and may create a group of help for a enterprise.

Having acquired sponsorships as a tennis participant all through his complete profession, Murray understands the significance to an individual’s success of getting somebody again your model and primarily consider in you.  Not solely the sponsors, however the mentorship has taught him the worth of getting one of these help, so to have a chance to provide again similarly was a no brainer for him.

“I’ve all the time been involved in funding, and with the ability to become involved in an progressive means to assist help British startups actually appealed to me,” stated Murray. “Equally as necessary was working with individuals I trusted and who absolutely understood the large duty of dealing with individuals’s cash. I’m wanting ahead to working with Seedrs and the entrepreneurs of tomorrow.”

Murray is not any novice to investing.  In reality, he’s fairly savvy.  He has investments in a number of totally different corporations, which embrace the Cromlix, a luxurious lodge situated in Scotland.  This newest funding will place him the Seedrs Advisory Board the place he’ll give enterprise recommendation within the areas of well being, sport and wearable know-how areas.  That would be the extent of his advising capability, nevertheless, as he won’t offer recommendation to particular person buyers nor making suggestions on particular campaigns.

Jeff Lynn, CEO and cofounder of Seedrs, stated:  “We’re notably wanting ahead to working with him as a member of our Advisory Board: we consider he can deliver a special perspective into sure features of the early-stage enterprise group within the well being, sport and wearable know-how areas, and we look ahead to his enter and help.”

In accordance with a press release from Seedrs, the corporate has expanded its enterprise by 15 % each month because it began in July 2012, and has invested in roughly 200 offers.  Already open to European entrepreneurs and buyers, it plans to start out within the U.S. someday this yr.