British sportswear company Castore has secured an additional u00a3145 million ($178 million) in investment cash, bringing the total raised in the past year to u00a3325 million ($400 million). The latest round was led by MSD Partners, the investment firm founded by Michael Dell, founder of computer company Dell, and John Griffin, a former Goldman Sachs partner. Existing investors, including the billionaire Issa brothers, also participated in the round..
The funding will be used to support Castore’s ambitious growth plans, which include expanding into new markets, developing new products, and growing its retail presence. The company, which was founded in 2016 by brothers Tom and Phil Beahon, has quickly become a major player in the sportswear market, with a celebrity following that includes football stars Harry Kane, Raheem Sterling, and Marcus Rashford..
Castore has also signed a number of high-profile partnerships, including a deal to become the official kit supplier of the England cricket team. The company’s products are now available in over 40 countries, and it is on track to reach u00a3100 million ($123 million) in sales this year..
Tom Beahon, co-founder of Castore, said: .
