The British sportswear brand Castore can further accelerate its growth thanks to a financial injection from well-known investors. On Monday, the company announced that it had raised 145 million British pounds (169 million euros) in a financing round.
The round was led by Raine Partners, an investment fund of the financial company The Raine Group. According to Castore, the investment firms Hanaco Ventures and Felix Capital also participated.
The company, founded in 2016, wants to use the fresh capital to invest in its infrastructure. In particular, the supply chain and data analysis capacities are to be strengthened.
Castore has come into the spotlight in recent years through numerous partnerships with international sports associations and well-known professional teams. In addition to traditional football clubs such as Newcastle United, Sevilla FC and Glasgow Rangers, the brand also supplies Bayer Leverkusen, the current league leader in the German men’s Bundesliga. Castore also dresses the English cricket and Irish national football teams as well as other teams in rugby and cricket as well as cycling and motor sports.