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Andy Murray backs property rental crowdfunding platform

Tennis star and Seedrs advisor Andy Murray has invested in three early-stage UK businesses, including specialist buy-to-let mortgage lender Landbay.

Murray’s Seedrs originated portfolio now stands at over 20 companies, according to the platform, with the two-time Wimbledon champion investing an undisclosed sum in the company’s latest equity round, as part of his strategic relationship with Seedrs.

The other Seedrs listed companies include Den and Morpher.

Landbay, which is backed by Zoopla, has so far raised £2.3m, overfunding to 157% in a private pre-emption round only open to existing Seedrs investors.

The property rental crowdfunding platform, was one of the very first peer-to-peer platforms to be granted full authorisation by the FCA at the end of 2016, has crowdfunded successfully multiple times on Seedrs. 

The company offers a credible investment opportunity for both retail and institutional investors, alongside a competitive source of funding for professional landlords, according to CEO and co-founder of Landbay, John Goodall.

He commented: “Our business structure enables investors to capitalise on the private rented sector’s growth without needing to buy a property outright, or become a buy-to-let landlord themselves.

“We’re extremely pleased that Andy has chosen to invest in Landbay again and believes in the future of the sector and of the platform.

“It’s an exciting time for the company and sector as a whole, as we look forward to continued expansion in the coming months.”

Reflecting on his decision to take advantage of the pre-emption rights Seedrs’ nominee structure facilitates with his first follow-on investment into Landbay, Murray commented: “The future for the company looks good and I’m pleased to be able to maintain my shareholding as the company grows.”

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