# Castore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/castore

- Industry: Retail
- Headquarters: Manchester, UK
- Website: www.castore.co.uk/
- Total disclosed funding: $4.3M
- Latest round: Seed (Jun 24, 2018)
- Investors on record: 1

## About

Castore is a UK-based performance sportswear brand specializing in high-quality apparel designed for athletes and sports enthusiasts, focusing on functionality and comfort in its product offerings.Founded in 2016 and headquartered in Manchester, UK, Castore specializes in precision performance sportswear. The company was established by Philip Beahon and Thomas Beahon, who previously ventured into other businesses. Castore has secured a total of 4 investment deals, with the latest funding round occurring on 20 September 2023, wherein they raised GBP 145 million in GROWTH capital led by The Raine Group, with participation from Felix Capital and Hanaco Venture Capital. The total amount raised by the company stands at GBP 145 million.Castore specializes in precision performance sportswear, providing high-quality apparel designed for professional athletes and sports enthusiasts. The company’s core product offerings include a range of sports clothing for men, women, and juniors, emphasizing functionality and comfort. Key lines feature golf gear, gym wear, and lifestyle apparel, utilizing advanced fabric technologies such as LVS Venting Technology to enhance performance during activities. Castore targets a diverse clientele, including individual athletes, sports teams, and retailers, catering to markets across the United Kingdom, Europe, and select international territories. The brand is particularly focused on delivering tailored solutions for golfers, runners, and fitness enthusiasts, addressing various end-use cases such as performance enhancement and comfort in competitive settings.In the most recent year, Castore reported revenue of GBP 237,625,792.1, with an EBITDA of GBP -28,846,564.4. The company generates revenue through direct-to-consumer sales and partnerships with sports teams and retailers, employing promotional strategies such as discounts for students and bundled offers to enhance customer engagement.In September 2023, Castore Sportswear raised GBP 145 million in GROWTH capital funding, which will be utilized to strengthen its business in the sportswear market, enhance data analytics capabilities, expand globally, and invest in its infrastructure. The company is focused on launching new products tailored for specific sports categories and plans to enter new geographic markets, with a particular emphasis on enhancing its presence across Europe and beyond.

## Funding rounds

- Seed, Jun 24, 2018, $4.3M — Redrice Ventures

## Investors

- Redrice Ventures (https://capitalatlas.ai/funds/redrice-ventures) — Seed