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Under Armour

Kevin Plank invests in Towson luxury watch maker

Kevin Plank invests in Towson luxury watch maker

Under Armour founder Kevin Plank, through his Sagamore Ventures venture capital vehicle, announced Wednesday that it is investing in a tiny luxury watch maker in Towson.

Towson Watch Co. is basically two men who design and craft handmade watches that sell from nearly $2,000 to more than $13,000.

Sagamore's investment, which it did not disclose, gives Plank a 25 percent stake in the watchmaker, with the option to purchase the company over time, Sagamore said in the announcement.

The deal will give Towson Watch the ability to expand and raise awareness of the brand, Sagamore said.

Towson Watch was founded in 2000 by George Thomas and Hartwig Balke, master watchmakers...