The UK's largest online marketplace for used photographic equipment
Mobeus VCT Fundraising
Launched in 2011, MPB is the UK’s largest dedicated online marketplace in used photographic equipment. Millions of new cameras, interchangeable lenses, and other equipment and accessories are sold each year. MPB’s proprietary technology manages the entire end-to-end experience for users buying, selling, or trading second-hand equipment. It automates the creation of listings for more than 4,000 different product types and dynamically updates prices based on supply and demand to provide users with superior transparency and consistency of product information, and to ensure they always receive competitive prices.
Backing MPB throughout its growth journey, Mobeus has invested at each of the company’s series A, series B and series C rounds.
In 2016, we invested £2.1m of growth capital to support the business’s international expansion into the US and German markets. Management has delivered exceptional growth ever since, In 2018 we co-invested with Beringea in a £5m round and in July 2019, we participated in a £9m Series C round, led by growth VC firm Acton Capital, to provide this exciting business with the further capital to build on its commercial opportunity and first-mover advantage.
Since its Series A funding round, MPB has grown rapidly. With headquarters in Brighton and an operational site in East Sussex, the start-up is already active in three core markets in the UK, USA and Germany. The Series C funding will allow MPB to extend existing infrastructure to support international growth as well as investing in further automation of processes and the engineering of the existing tech platform. With the new capital, MPB will open its first US operational centre in Brooklyn and are planning a German site to follow in 2020.
“We’re helping photographers and filmmakers access a greater variety of equipment than ever before, with absolute confidence in the quality and value of the items they buy, so that they can make quick and easy changes to their kit bags. Transparency of information and consistency of pricing are critical to providing the best possible marketplace experience for customers, and we’re excited to be able to bring this experience to an even bigger market as we continue to grow with this new funding.”