Sunday 4 December 2016

Tennis star Murray invests in restaurants and online shops

Danielle Rossingh

Published 20/08/2015 | 02:30

Former Wimbledon champ is involved with crowdfunders
Former Wimbledon champ is involved with crowdfunders

Former Wimbledon champion Andy Murray invested in a chain of salad restaurants, a designer of online shops and a tech fund as part of his involvement in the equity crowdfunding platform Seedrs.

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The second-ranked Murray is backing Tossed, with 13 outlets in London; Trillenium, which builds 3D shops for online retailers; and the Fuel Ventures Fund, a tech investment fund set up by the founder of Myvouchercodes.co.uk, Seedrs said in a statement.

No financial details were disclosed.

Tossed has exceeded its fundraising target of £750,000 (€1.1m), while Trillenium has raised £225,000 on Seedrs and Fuel Ventures almost £550,000 as part of a £30m fund.

"The three businesses I've chosen to kick off my crowdfunding investment portfolio are all in areas of industry I find interesting," said Mr Murray, who joined the Seedrs advisory board in June.

The Scot, who ended Britain's 77-year wait for a male Grand Slam champion in 2013, has won more than $39m in prize money. He has been the most succesul British player in decades.

Since his historic triumph, he's turned down "multi-millions" in endorsements in order to focus on training and investments, Matt Gentry, managing director of the player's management company 77, said in an interview during Wimbledon.

Murray has invested in property in the UK and US as well as in projects closer to his Scotland home.

He bought a hotel outside his hometown of Dunblane for £2.5m in 2013 and has since turned it into a luxury venue with the help of his mother, British Fed Cup captain Judy Murray.

The player plans to buy stakes in as many as 40 companies over the next five years through Seedrs, Gentry said in July. (Bloomberg)

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