Scotland business

Andy Murray teams up with Seedrs crowdfunding website

Andy Murray and Kim Sears Image copyright Reuters
Image caption Andy Murray and his wife Kim had their wedding reception at the Perthshire hotel which he owns

Andy Murray has entered into a business partnership with crowdfunding website Seedrs.

The tennis champion will provide the firm with advice on firms working in the health, sport and wearable technology markets.

He will also invest in a number of start-ups.

Equity crowdfunding involves raising finance through small investments from a large number of people using online platforms.

The market has experienced rapid growth in recent years and, since launching in July 2012, Seedrs has reported month-on-month growth of 15%.

'Huge responsibility'

Murray said: "I've always been interested in investment, and being able to get involved in an innovative way to help support British start-ups 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."

Murray already owns a management company and he has a property portfolio, which includes the five-star Cromlix House Hotel in Kinbuck.

He opened the luxury hotel in April 2014 and had his wedding reception at the venue a year later, when he married his wife, Kim.

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."

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