Ireland’s leading hoodie brand is delighted to announce €17M in new funding led by Castlegate Investments [‘CastleGate’], a growth focussed family office, headed up by Roy Barrett on behalf of serial entrepreneur, Tommy Kelly with additional funding from West.Ventures, a Palo Alto, CA investment and marketing firm.

This latest investment will allow Gym+Coffee to propel its growth into new markets like the UK and Germany (Europe’s largest athleisure market) and endorses the strength of the Gym+Coffee brand to further accelerate its momentum as one of Europe’s fastest-growing athleisure brands. 

Gym+Coffee was founded by Niall Horgan, Diarmuid McSweeney and Karl Swaine in 2017 with a mission to power a community to Make life Richer. Gym+Coffee hoodies have become an eye-catching feature amongst health and fitness enthusiasts in the UK and Ireland with many high-profile fans of the brand.  Since 2019 Gym+Coffee has seen exciting growth with its retail footprint growing to 12 stores, headcount reaching over 200 and a 15-fold increase in annual sales over the same period. Growth to date has been supported by a €4m capital raise, focussed on internationalising the business. Notable shareholders include pop star Niall Horan, rugby legend Brian O’Driscoll and the Davy EIIS fund. 

The brand has gained a vast and loyal customer base due to its authentic approach to community building, an engaging programme consisting of over 300 events, high-quality products and most notably its support of women in sport. Following a brand ambassadorship program tapping leading athletes such as professional footballers Rachel Corsie and Jodie Taylor, and cricketers Danni Wyatt and Tammy Beaumont, the brand have further cemented their drive to spark conversation around the subject with the recent announcement that they are an official partner to Aston Villa Women’s Football Club, joining forces to change perceptions and inspire the next generation.