UK online toy retailer PoundFun brings in former The Range COO Glen Richardson as Non-Executive Director

PoundFun has appointed Glen Richardson, former COO at The Range, as Non-Executive Director.

This coincides with the launch of a £2 million investment round, which aims to fuel expansion, create over 200 jobs in Keighley, and position the business for a projected £60 million valuation by 2027. 

The company was created to provide affordable high quality toys from trusted brands amid rising costs. Offering over 800 items at £1 or less, including ranges from LEGO, Barbie, Marvel, and Disney, PoundFun has shipped more than 143,000 orders since launching in July 2023. It has grown to £3.9 million in sales, with no outside capital and a 32.18% repeat customer rate. 

“We’re building the go to destination for value toys, where families can say yes more often without breaking the bank,” says Rob Owlett, CEO and Co-Founder at PoundFun. “Saying no all the time sucks, whether it’s to a birthday treat, a surprise gift, or just something fun. We make it possible to say yes to those little moments of joy. Glen coming onboard is massive; he’s scaled the big guys, and now he’s helping us build something really special.” 

As COO at The Range, Richardson led digital growth for the retailer, including e-commerce, fulfilment, customer experience and marketing. He also served as CMO at Fruugo, helping drive the global marketplace through exponential growth. 

He says: “From the moment I saw what PoundFun are doing, I was hooked. It’s a brand built on heart, value, and serious commercial firepower. I’m thrilled to bring my experience to the board and help shape what will be one of the standout retail growth stories of the next few years.” 

2025 RTIH INNOVATION AWARDS

Online retail will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which will open for entries in April, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.