Posted Friday 1st December 2023
Joelson, the leading London law firm, representing many of the UK’s foremost founders and Funders, has advised Redrice Ventures (Redrice), the seed-stage investment firm, supporting founders creating premium consumer brands, on its investment in Castore. Castore is a premium sportswear brand that utilises advanced engineering and unique technical fabrics.
The funding round (totalling £150 million) which was led by The Raine Group (a leading global TMT merchant bank) and supported by Hanaco Ventures, Felix Capital and Redrice, is the largest investment Castore has received. The investment will allow Castore to expand globally across various elite sports. Following this, Castore is now valued at £950 million.
Redrice has been involved with Castore since leading its seed round. The Joelson team was led by Managing Partner, Paul Chiappe and supported by Solicitor, Rajiv Samani.
Paul Chiappe, Managing Partner at Joelson, said:
“We are proud to have been part of this incredible deal with Redrice, investing in an amazing premium, sports brand. We are very aligned with Redrice’s values of supporting founders through their entire entrepreneurial journey and we look forward to supporting Tom and the team for many years to come.”
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
Joelson advises the founder and shareholders of InspiredMinds! on its sale to Growth Catalyst Partners
We have partnered with Ecologi and are now a Climate Action workforce. Through Ecologi we are planting trees across the world to grow our own forest to offset our carbon emissions.
