backer

IPA

Dictionary definition of backer

An individual, group, or organization that provides financial or other forms of support to a person, project, cause, or endeavor.
"The nonprofit organization received a substantial grant from a philanthropic backer."

Detailed meaning of backer

A backer is typically someone who believes in the potential, value, or significance of what they are supporting and is willing to invest resources to help it succeed. In the context of financial backing, a backer may offer funding, capital, or resources to initiate or sustain a venture. This can include individuals providing personal funds, investors offering financial support, or institutions providing grants or loans. Beyond financial assistance, a backer can also offer expertise, guidance, connections, or advocacy to support and promote the success of the endeavor they are backing. Backers can be found across various domains, such as business, sports, arts, technology, and philanthropy. Their support plays a crucial role in fueling innovation, growth, and achievement by providing the necessary resources and backing to turn ideas into reality.

Example sentences containing backer

1. The project would not have succeeded without the generous backing of its primary backer.
2. The startup secured a significant investment from a prominent venture capitalist as its main backer.
3. The athlete expressed gratitude towards their sponsors and backers for their support.
4. The political candidate gained momentum with the endorsement of a powerful political backer.
5. The artist's latest exhibition was made possible by the backing of an art gallery.
6. The team's victory was celebrated by their dedicated fans and backers.

History and etymology of backer

The noun 'backer' has its origins in the verb 'back,' which means to support or endorse. 'Back' in this sense can be traced back to Middle English and Old English, where it meant to give aid or support. Over time, the term evolved, and by the late 16th century, 'backer' came into use to describe an individual, group, or organization that provides financial or other forms of support to a person, project, cause, or endeavor. The word 'backer' underscores the idea of being behind someone or something, supporting and enabling its progress or success. It signifies the vital role of those who stand behind and invest in the ventures and initiatives they believe in.

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Further usage examples of backer

1. The film production relied on the financial backing of multiple investors and backers.
2. The researcher's groundbreaking study attracted the attention of influential academic backers.
3. The tech startup sought angel investors as potential backers for its innovative product.
4. The playwright's new play received critical acclaim and the backing of a renowned theater company.
5. The aspiring musician was discovered by a music industry backer who believed in their talent.
6. The wealthy backer invested millions in the startup.
7. We need to find a reliable backer for our charity event.
8. The film project secured a major Hollywood backer.
9. The political candidate gained a powerful backer in the party.
10. The artist's work gained recognition thanks to a generous backer.
11. Our research project relies on government and private backers.
12. The team's success wouldn't be possible without their backers.
13. The new play was made possible by a dedicated backer.
14. We're seeking a backer to fund our environmental initiative.
15. The sports team's strong performance impressed their backers.
16. The museum's expansion was funded by a group of dedicated backers.
17. The nonprofit organization depends on its loyal backers.
18. The tech startup is in talks with potential backers.
19. The political campaign received a boost from a high-profile backer.
20. The inventor pitched her idea to potential backers.
21. The arts festival relies on local businesses as backers.
22. The athlete's career was supported by a loyal backer.
23. We're looking for a backer to finance our innovative project.