Castore, a U.K.-based performance brand for global sports teams, has received a 145 million pound investment in a funding round led by Raine Partners, the growth equity arm of The Raine Group, an advisory and investment firm focused on media, entertainment and sports. Hanaco Ventures and Felix Capital also participated in the investment through their respective growth funds.
The investment will allow Castore to work with more leading sports franchises around the world by supplying them with merchandise as well as the data needed to further develop their relationships with fans. The funds will enable Castore to further develop the breadth of its mainline product assortment and invest in personnel and infrastructure, Castore said.
Founded in Liverpool in 2016 by brothers Tom and Phil Beahon, Castore’s business model combines premium performance apparel with a…
