Sportswear Brand Castore Lands $184M Investment
December 8, 2023
Sportswear brand and digital platform Castore has secured a £145 million ($184 million) investment in a round led by Raine Partners, a firm specializing in media, entertainment and sports. The apparel brand has an ecommerce site as well as two shops in its headquarters in Liverpool and London and reports it’s on track to hitting record revenues and profits in 2023.
Castore said the funds will go towards expanding its sports and activewear product line and boosting its team and infrastructure system. The capital will also allow Castore to establish new relationships with sports teams while helping drive fan engagement.
Participation also included investments from Hanaco Ventures and Felix Capital. The funding round valued Castore at close to £950 million ($1.19 billion), according to reports. Athletech News