Andy Murray invests in UK tech startup

Former Wimbledon champion has investments in over 30 UK startups

Shafi Musaddique
Wednesday 28 March 2018 22:12
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The amount Andy Murray invested has not been made public
The amount Andy Murray invested has not been made public

Tennis star and three-time Grand Slam champion Andy Murray has injected cash into a UK tech startup and has proposed future investment in a second fintech company.

Murray invested in mortgage lender Landbay, having already invested in the company two years ago. The startup also has the backing of online estate agent Zoopla.

Murray has taken up the option of making a future investment in Landbay in order to maintain his stake in the startup.

The tennis player also intends to back Investly, a startup that offers invoicing solutions for small businesses.

He has now invested in more than 30 UK businesses using Seedrs, a popular crowdfunding platform.

Seedrs did not disclose the amount Murray invested in either startup.

“I can really see the value in Investly for small businesses – the early days of a business can be really tough so helping them with cash flow makes sense to me and will hopefully enable more small businesses to succeed”, said Murray.

“I am excited to be maintaining my shareholding in Landbay, as the company’s growth and achievements so far has been extremely impressive.”

Seedrs chief executive Jeff Kelisky said the crowdfunding platform was “delighted” to see the former Wimbledon champion add to his investment portfolio.

“He is a great example of an investor who is thoughtful in diversifying across a number of sectors and stages”, said Mr Kelisky.

With two Wimbledon titles and a US Open winners medal to his name, Murray is Britain’s most successful tennis player and was the first Brit to reach 500 professional victories.

A record £2.9bn was invested into UK fintech companies last year, double the amount invested in 2016, according to the Mayors Office.

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