Posted on December 17, 2018 by staff

Online marketplace Trouva appoints new chair


A curated online marketplace for the best independent bricks-and-mortar shops has appointed Niall Wass as non-executive chair.

Trouva said the appointment comes at a significant time of growth for the start-up, following a $10 million funding round last year.

Wass will be working alongside the current leadership team to devise and execute strategies for growth as it looks to further establish itself as the global destination for the best of independent retail.

Alongside his part-time position at Trouva, Wass remains a partner at international venture capital firm Atomico, where he has invested in, or sits on the board of, high growth tech companies such as e-scooter start-up Lime, digital mortgage broker Habito, trucking marketplace OnTruck, property finance marketplace Lendinvest and digital staffing service Jobandtalent.

He is also non-exec chairman of Glovo, the app that delivers anything in your city in a few minutes.

“I have been impressed not only with the rapid growth of the business, but the quality of its service and tech platform which as well as providing a great user experience, will also help boutiques to manage their business and enable international expansion,” he said.

“I look forward to working with the team on a strategy that will enable Trouva to fulfil its ambition to become a major player in the retail and online shopping landscape.”

The news of Wass’s appointment comes as Trouva today introduces Europe’s latest creative capitals to the platform, following its first international expansion in Berlin earlier this year,

Mandeep Singh, CEO and co-founder at Trouva, added: “At a time where the looming prospect of Brexit might be hanging over most UK-founded and based start-ups, its business as usual for us, and that means rapid growth.

“The number of our boutiques that have achieved over £100,000 in sales directly through has almost quadrupled from 11 to 42 in just 12 months, further extending our platform to the most amazing independents, run by great curators with a strong identity.”