An Australian business has secured financial investment from a high-profile backer, as a former rugby star takes a 10 per cent stake in the ambitious start-up.
Former All Blacks player Dan Carter used his jointly owned investment company 910 Limited to take a 10 per cent equity stake in on-demand dry cleaning pickup and delivery service Laundromap.
“I was introduced to the Laundromap business earlier this year, and my first thought was: ‘Why has it taken so long for someone to offer this service?’,” he said.
“My investment company, 910 Limited, isn’t set up to invest in start-ups, but we saw such huge potential in Laundromap and its founders that we had to get involved.”
Mr Carter said he hopes the investment will help him to develop his business skills as he transitions away from professional sport into business.
“The reality is that as an athlete, you’re used to being incredibly high-performing within a very narrow skill set. When it’s time to retire, you need to transition yourself and all your applicable skills into a whole new world,” he said.
“My involvement with Laundromap will expose me to the inner workings of a high-growth company. I plan to stay across the business ongoing, with a view of potentially becoming more involved in high-level strategy and planning in the future.”
Laundromap is currently completing a $3 million capital raising to fund expansion throughout Australia and New Zealand.