Tennis star Maria Sharapova invests in tech wellness company Therabody

Tennis star Maria Sharapova invests in tech wellness company Therabody

THE WHAT? Tennis ace Maria Sharapova has invested in wellness company Therabody, having also joined its Board of Directors. 

THE DETAILS? Previously known as Theragun, the company offers high-end massage therapy products and is well known for its Theragun massage tool. It recently expanded into CBD oils and lotions. 

Talking to CNBC, Sharapova stated that she would bring a ‘360-degree approach’ to the company. 

She said, “I think my biggest strength as an investor is that I’m able to bring a 360-degree outlook to the table — as an athlete, an entrepreneur and a consumer. 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.”

Sharapova’s stake in the company was not disclosed. 

THE WHY? Having retired from tennis in February this year, Sharapova is well-versed in the use of wellness products for fitness. As part of her role within the company she will act as a strategic advisor to help the brand with global growth strategy and partnerships.  

Talking about the appointment, Benjamin Nazarian, CEO of Therabody, “As we continue to innovate and offer whole-body wellness products, Maria shares Therabody’s vision to improve people’s lives with natural wellness solutions. As a former professional athlete, she knows exactly how to recover and take care of her body on and off the court.”