Andy Murray joins forces with crowdfunding platform Seedrs

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Yorkshire Post | June 7, 2015

Andy Murray and Kim SearsTENNIS ACE Andy Murray has netted a long-term partnership arrangement with Seedrs, the UK-based equity crowdfunding platform.

The arrangement will see the multi-millionaire sportsman joining the Seedrs Advisory Board to provide advice to the firm on businesses working in the health, sport and wearable technology spaces.

This partnership represents the first time a major public figure has teamed up with an equity crowdfunding platform in this way, and it heralds a significant milestone in the development of the equity crowdfunding industry.

Murray 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.”

Murray is said to have made more than £30m during his career in prize money and lucrative sponsorship deals.

He will not be offering advice to individual investors or recommending specific campaigns.

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Murray will also be investing regularly in startups and other early-stage businesses through Seedrs and helping Seedrs to grow its brand in the UK and internationally.

Equity crowdfunding is revolutionising the way startups and other early-stage businesses are being funded.

It involves the raising of funds by obtaining many small investments from a large number of people through online platforms.

This form of business fundraising is proving increasingly popular, and it allows businesses not only to obtain the capital they need but also to build a community of supportive investors who can help them grow.

The equity crowdfunding market is growing quickly. Since its launch in July 2012, Seedrs has reported 15 per cent month-on-month growth, and within the next few years it expects to be funding hundred of millions of pounds into thousands of businesses each year.

Matt Gentry, who runs Andy’s management company, 77, said: “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.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country.  NCFA Canada provides education, research, leadership, support and networking opportunities to over 950+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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