'Boutique' online marketplace secures £17m investment for European expansion

An online platform selling products from independent global businesses has secured £17m to boost its expansion across Europe.

Trouva has secured the multi-million pound investment in a round led by Octopus Ventures, with participation from C4 Ventures, Downing Ventures, BGF and LocalGlobe.

Launched in London in September 2015 and co-founded by Alex Loizou, Mandeep Singh and Glen Walker, Trouva specialises in supplying a range of products from global independent boutiques on its online platform.

Along with continuing to build its network of independent boutiques, Trouva is set to launch its German website following the investment.

Trouva co-founder Mandeep Singh commented: “We will be using this latest investment to grow international demand and are excited to officially launch in Germany as we start to broaden our customer base and expand into new European markets.

“As we continue to scale rapidly, we will also continue to build a world-class team with this funding round.”