Andy Murray continues to support Landbay
World number one tennis champion Andy Murray has continued to support specialist buy-to-let mortgage lender Landbay, investing an undisclosed sum in the company’s latest equity round as part of his strategic relationship with Seedrs. He has also chosen to invest in early-stage businesses Den and Morpher.
Landbay has so far raised £2.3m, overfunding to 157% in a private pre-emption round only open to existing Seedrs investors.
Backed by Zoopla, Landbay has established itself as an innovative and responsive lender in the buy-to-let space, releasing broker friendly products and features, and enhancing its product criteria across a range of services.
Since the last round of funding, Landbay has continued to go from strength to strength, becoming one of the first peer-to-peer platforms to be granted full authorisation by the FCA, and launching its Innovative Finance ISA in February of this year. The company offers a credible investment opportunity for both retail and institutional investors, alongside a competitive source of funding for professional landlords.
Landbay is a member of the P2PFA, was the first peer-to-peer lender to be accepted as a full member of the Council of Mortgage Lenders, and operates an FCA authorised and regulated platform.
John Goodall, CEO and Co-Founder of Landbay 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.”
Andy Murray commented:
“I have invested in Landbay for a second time, exercising my pre-emption rights. The future for the company looks good and I’m pleased to be able to maintain my shareholding as the company grows.”
Thomas Davies, Chief Investment officer of Seedrs said:
“More exciting still is to see Andy taking advantage of the pre-emption rights our nominee structure facilitates with his first follow-on investment into Landbay.”