Sharapova makes an investment in Therabody
She may not be an active player anymore, but Maria Sharapova is staying active in the investing world.
Therabody™, formerly known as Theragun®, the global leader in tech wellness and percussive massage therapy, officially announced today that tennis champion and entrepreneur Maria Sharapova has made an investment in the company while joining Therabody as a strategic advisor. In addition to this capital investment, Sharapova will play an instrumental role in supporting the company's global growth strategy as a member of its Advisory Board.
"Throughout my career, as both an athlete and entrepreneur, it's been important to me to work with brands and partners that have great potential and can have a positive impact," said Sharapova. "Since Therabody's launch, they have continued to demonstrate they are on the cutting-edge of combining technology, fitness, and wellness, bringing more balance to people's lives. I'm thrilled to join the team as they continue their mission to transform and revolutionize the tech wellness space."
After retiring from professional tennis in February 2020 as a five-time Grand Slam title winner, Sharapova has been investing in health and wellness companies. Parlaying her extensive business acumen and professional sports background, Sharapova's involvement as a strategic advisor with Therabody will go above and beyond the scope of a traditional investor, working with Therabody on its product offerings, advising on strategic initiatives from concept to execution as well as supporting the company's continuing expansion in the European and Asian markets. As a member of Therabody's Advisory Board, Sharapova will also play a critical part in helping advise and liaise on company partnerships, growth strategies, and Therabody's future direction within the burgeoning tech wellness space.