Athleisure Brand Set to Conquer New Markets with Castlegate Investment

  • Gym & Coffee secures €17m funding led by Castlegate Investments
  • Funding to be used for UK and Germany expansion
  • Founded in 2017 by Niall Horgan, Diarmuid McSweeney, and Karl Swaine
  • Growth since 2019 includes 12 stores and 200+ headcount
  • Annual sales increased 15-fold over the same period
  • Notable shareholders include Niall Horan and Brian O’Driscoll
  • Castlegate Investments impressed by management team’s vision

Athleisure brand Gym and Coffee has secured €17 million in funding led by Castlegate Investments, with additional support from West.Ventures. The investment will help the company expand into new markets like the UK and Germany as it aims to become one of Europe’s fastest-growing athleisure brands. Founded in 2017 by Niall Horgan, Diarmuid McSweeney, and Karl Swaine, Gym and Coffee has grown significantly since 2019 with 12 stores and over 200 employees. Annual sales have increased 15-fold during this period, supported by a €4 million capital raise for internationalization. Notable shareholders include pop star Niall Horan and rugby legend Brian O’Driscoll. CEO Niall Horgan expressed his pride in the company’s achievements and ambitions to become a global player. Castlegate Investments’ Roy Barrett praised Gym and Coffee’s management team and vision for the future.

Factuality Level: 10
Factuality Justification: The article provides accurate information about Gym and Coffee’s funding, its founders, growth, and plans for expansion into new markets. It also includes quotes from relevant sources that support the claims made.
Noise Level: 2
Noise Justification: The article provides relevant information about a company’s funding round, its growth, and plans for expansion into new markets. It also mentions notable shareholders and quotes from key figures involved in the business. The content is focused on the topic and does not contain irrelevant or misleading information.
Financial Relevance: Yes
Financial Markets Impacted: The funding will impact Gym and Coffee’s growth and expansion into new markets like the UK and Germany.
Financial Rating Justification: This article discusses a company securing €17m in funding, which will be used for its growth and expansion. This is relevant to financial topics as it involves investment and business development.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk