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Andy Murray turns attention to cycling, dogs and beauty with trio of investments

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It comes after he stepped into the role of investor and strategic advisor exactly a year ago in June 2015. Murray has since made numerous investments across a variety of sectors, including 3D printing and food.

The newest ventures to secure the backing of the sportsman are cyclist navigation system Beeline, monitoring service Dog Tracker Nano and on-demand beauty service Blow.

“Giving recognition and support to British entrepreneurs is really important to me, especially those who are the driving force behind growth-focused businesses. Every one of these entrepreneurs is passionate and dedicated to succeeding and I’m excited to have invested in their future growth,” said Murray.

For Beeline, £500,000 was raised from more than 350 investors on Seedrs in under a week. Existing as a device and form of software, the former connects to a cyclist’s phone, which in turn directs the rider to their destination.

Meanwhile, with man’s best friend in mind, Dog Tracker Nano is a GPS tracking gadget that can monitor the health and activity of dogs, while owners can also benefit from knowing the whereabouts of their pets via mobile.

Elsewhere, Blow – dubbed Uber for beauty and founded by the former editor of Grazia – has secured more than 210 investors and a fund of over £1.1m. With Murray now contributing capital to the on-demand beauty service provider, he joins the likes of ASOS founder Nick Robertson and Unilever Ventures.

Read more on Andy Murray’s investments:

Jeff Lynn, CEO and co-founder of Seedrs, said: “It’s great to see Andy supporting entrepreneurs so actively on Seedrs by investing in another three businesses today. Andy is a great example of an investor who understands early stage investment and the importance of building a diverse investment portfolio aligned with a wider investment strategy.

“Seedrs was named the most active investor in private companies in the UK last month, and our continued growth and leading position in the market are testament to our reputation and the support from people like Andy.”

In other sports business news, these football clubs found new entrepreneurial owners this year.

Image: Shutterstock

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