Andy Murray backs company behind flat-folding helmet

The tennis star has given undisclosed amounts to start-up businesses.

Star: Murray is world number one. PA

Andy Murray has invested in two start-up companies, including a firm behind a pioneering flat-folding bicycle helmet.

The world number one pledged undisclosed amounts to two British companies, Den and Morpher, via the crowdfunding site Seedrs.

He also invested for a second time in Landbay, a lender which provides finance to the UK's private rented sector.

Morpher is described as the world's first flat-folding helmet, and is aimed at cyclists and sports enthusiats who cannot carry a bulky helmet around.

The company has so far raised over £659,000 from almost 400 investors on Seedrs. 

Advertisement

Den is a "smart home system" which looks like a normal light switch but can alert householders if they have left the TV or other appliances on.

The company has now raised over £2.1m on Seedrs from over 1,150 investors, more than doubling its target.

Murray said: "Den is exactly the kind of innovative smart technology households around the globe will utilise in the future, and Morpher is a product that the modern cyclist should own - one that has been dutifully perfected by an award winning inventor.

Advertisement

"Investing in both of these start-ups allows me to continue to build my portfolio whilst diversifying.

"I also 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."

Continuing to use our site means you agree to our Cookie Policy. Learn more about it here.