- Companies
- Castore
Castore Revenue, Valuation, Funding & Investors
Castore is valued at $1.3B as of November 2023, a 5.0x multiple on its last reported $253M revenue.
Last Castore valuation
$1.3B
Undisclosed stage · Nov 2023
Last Castore funding round
$183M
Undisclosed stage · Nov 2023
Castore revenue
$253M
Undisclosed stage · Nov 2023
Key investors in Castore
Felix Capital
Hanaco Venture Capital
Raine Ventures
Redrice Ventures
Arnaud Massenet
Robert Senior
About Castore
Castore is a Manchester-based premium menswear brand designing performance apparel for tennis, football, and golf. The company outfits pros like Andy Murray and teams such as Aston Villa FC with moisture-wicking fabrics and ergonomic fits. Founded in 2016, Castore operates 20 UK stores and ships globally via e-commerce, emphasizing British manufacturing.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$253M (Nov 2023)
Valuation
$1.3B (Nov 2023)
Sectors
Castore Valuation
Castore is currently valued at $1.3B, based on its undisclosed-stage round in November 2023.
The $183M round was led by Raine Ventures, with participation from Felix Capital and Hanaco Venture Capital.
Castore valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2023 | Undisclosed stage | $1.3B | 5.0x |
Castore Revenue
Castore's latest recorded revenue is $253M, as of its undisclosed-stage round in November 2023. At a $1.3B valuation, that implies a 5.0x revenue multiple.
Castore revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2023 | $253M | $1.3B | 5.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Castore Funding History
Castore has raised a total of $187M across 2 funding rounds.
Castore's first fundraising round was a $4M seed round in June 2018. The most recent completed round was a $183M undisclosed-stage round in November 2023.
Castore funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Undisclosed stage | Raine Ventures (lead); Felix Capital; Hanaco Venture Capital | $183M | $1.3B | Castore is a Manchester-based premium sportswear brand founded in 2016 by brothers Tom and Phil Beahon. The company operates as a technology-enabled, end-to-end digital platform for global sports teams, supplying merchandise and data analytics tools to major sports franchises worldwide. As of the funding announcement, Castore had established kit deals with approximately 50 major sports teams and positioned itself as an insurgent competitor in the premium sportswear market, competing against established global brands. In November 2023, Castore secured a £145 million growth equity investment led by Raine Partners (The Raine Group's flagship growth equity fund), with participation from Hanaco Ventures and Felix Capital. The funding round valued the company at approximately £950 million post-money. According to the company, this capital would support expansion of its supply chain, global reach, marketing presence, and mainline product range development, while enabling continued investment in staff and infrastructure systems. Castore was backed by British tennis star Andy Murray and reported being on track to achieve record revenues and profits in 2023, with expectations that sales would more than double that year. |
| Jun 2018 | Seed | Redrice Ventures (lead); Robert Senior; Arnaud Massenet | $4M | - | Castore is a Manchester-based premium sportswear brand founded in 2016 by brothers Tom and Phil Beahon, backed by tennis star Andy Murray. The company operates a unique business model that combines premium sportswear with retail technology services for sports teams including Rangers FC, Newcastle United FC, and the England cricket team. |
Who has invested in Castore?
6 investors have backed Castore across its funding rounds, including Felix Capital, Hanaco Venture Capital, Raine Ventures, Redrice Ventures, Arnaud Massenet and Robert Senior.
Lead investors include Raine Ventures and Redrice Ventures.
Castore Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2018 | ||
| 1 | Participant | Jun 2018 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
This data is available for Pro users. Sign up to see all 6 Castore investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Castore
Castore has acquired 3 companies to date.
Last acquisition by Castore was on June 17th 2026. Castore acquired Grenson Shoes for undisclosed valuation.
Latest Acquisitions by Castore
| Description | Grenson Shoes is a shoe manufacturing company. It performs repairs and production in its own lab and sells shoes, boots, sandals, and accessories. | Belstaff is a British apparel brand producing waxed cotton jackets, leather motorcycling gear, and technical outerwear since 1924. Owned by Fenway Sports Group and headquartered in Milan, Italy, it outfits clients from Formula 1 drivers to Hollywood productions. The London-originated label operates 50 stores globally including flagship sites in New York and Tokyo. | Creative Emporium is a Manchester-based marketing firm providing branded merchandise, uniform programs, online stores, and in-house printing for UK corporates. The company serves education, hospitality, and sports sectors with embroidery, screen printing, and e-commerce platforms integrated with Magento. |
| HQ Country | |||
| HQ City | Rushden | London | Leeds |
| Deal Date | 17 Jun 2026 | 28 Aug 2025 | 7 May 2024 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Castore acquisitions and their M&A valuation multiples. Start Free Trial | |||
Castore Competitors
Castore competitors include listed companies like Premier Investments, Wacoal Holdings, XTEP and DR Corp, and private ones like Gymshark and Yuyuan Jewelry & Fashion Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $582M | $204M | $1.3B | 2.1x | ||
| Publicly listed | $1.1B | $190M | $1.3B | 1.1x | ||
| Publicly listed | $2.1B | $353M | $1.2B | 0.5x | ||
| Publicly listed | $227M | $52M | $1.3B | 3.4x | ||
| Private | $343M | - | $1.3B | 3.9x | ||
| Private | - | - | $1.4B | - |
Castore Public Comps
Castore is still privately-owned, but its public comps include Premier Investments, Wacoal Holdings, XTEP, DR Corp, G-III Apparel Group, Guangdong CHJ Industry, Fox-Wizel, Vedant Fashions, Carter's and Edgars Stores.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $582M | $204M | 2.1x | 2.1x | 5.9x | 7.0x | |||
| $1.1B | $190M | 1.1x | 1.1x | 6.5x | - | |||
| $2.1B | $353M | 0.5x | 0.5x | 2.9x | 3.2x | |||
| $227M | $52M | 3.3x | 3.4x | 14.4x | 14.6x | |||
| $3B | $140M | 0.3x | 0.4x | 7.1x | 5.5x | |||
| $1.4B | $113M | 0.8x | 0.7x | 9.7x | 6.5x | |||
| $2.3B | $467M | 1.4x | - | 6.9x | - | |||
| $149M | $71M | 9.6x | 9.2x | 20.1x | 20.9x | |||
This data is available for Pro users. Sign up to see all Castore competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Castore
| When was Castore founded? | Castore was founded in 2016. |
| Where is Castore headquartered? | Castore is headquartered in London, United Kingdom. |
| Is Castore publicly listed? | No, Castore is a private, VC-backed company. |
| What is Castore's valuation? | Castore was last valued at $1.3B in its undisclosed-stage round in November 2023. |
| How much funding has Castore raised? | Castore has raised $187M across 2 funding rounds. |
| What was Castore's last funding round? | Castore's last funding round was a $183M undisclosed-stage round in November 2023, led by Raine Ventures. |
| Who are Castore's investors? | Castore's investors include Robert Senior, Arnaud Massenet, Felix Capital, Hanaco Venture Capital, Raine Ventures and Redrice Ventures. |
| What is Castore's revenue? | Castore's latest recorded revenue is $253M (November 2023). |
| What is Castore's revenue multiple? | Castore's latest valuation implies a 5.0x revenue multiple ($1.3B valuation on $253M of revenue). |
| Which companies are comparable to Castore? | Companies comparable to Castore include Premier Investments, Wacoal Holdings, XTEP, DR Corp, Gymshark and Yuyuan Jewelry & Fashion Group. |
| How many companies has Castore acquired? | Castore has acquired 3 companies, including Grenson Shoes, Belstaff and Creative Emporium. |
See companies similar to Castore
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




