Castore, a performance sportswear brand based in Manchester, UK, has recently secured £145M in growth funding. The funding round saw the participation of several notable backers such as Raine Partners, Hanaco Ventures, and Felix Capital. The primary objective of this funding is to consolidate Castore's position in the sportswear market, as well as in the global team sports landscape. Additionally, the company aims to further invest in its people and infrastructure systems.
Castore was founded by two individuals named Tom and Phil Beahon.
The brand specializes in creating sportswear that enhances athlete performance through the use of advanced materials and precision engineering. But Castore is not solely limited to producing apparel. They also provide a comprehensive digital retailing platform for sports teams worldwide. This platform assists with the management of omni-channel retailing operations, including online, offline, and event-based sales. Castore's approach focuses on product quality, supply chain innovation, and fan engagement to drive revenue growth.
Throughout its journey, Castore has successfully partnered with 50 franchises across various sports, namely Football, Tennis, Motorsports, Rugby, and Cricket. These partners include renowned entities like McLaren F1, Oracle Red Bull Racing, England Cricket Board, Glasgow Rangers, Bayer Leverkusen, Feyenoord, Sevilla FC, Athletic Club (Bilbao), Saracens Rugby, and Republic of Ireland Football. Such collaborations have allowed Castore to establish a strong presence within the global sports community.