Nigel Wray, chairman of Saracens rugby club, has acquired a minority stake in online wealth management firm Nutmeg.
Nick Hungerford, CEO and co-founder of Nutmeg, told PBI that Wray had made a "multi-million pound investment" in the firm, though the CEO remained tight lipped as to the actual sum of the deal.
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Hungerford said: "Nigel brings considerable experience of building, expanding and managing financial services businesses."
"He is one of the UK’s most successful entrepreneurs and has vast experience across different global markets. His record as a leader and investor is second to none and his passion for the customer experience is completely aligned with mine and that of Nutmeg," he added.
Wray said: "It’s great to join the team of people already at Nutmeg. Nutmeg is like no other investment company I have seen."
Other investors behind Nutmeg team include seasoned venture capital investment group, Pentech Ventures, renowned British economist John Kay and former president of T. Rowe Price International, R Todd Ruppert. Also on board is Klaus Hommels, a venture capitalist heavily involved in the development of Skype, Facebook and Zing, Swiss tech-entrepreneur Daniel Aegerter, and Tim Draper, who has been integral to the growth of Hotmail, Baidu and Overture.
