The UK's largest online marketplace for used photographic equipment
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.
In 2016, we invested £2.1m of growth capital to support the business’s international expansion into the US and German markets. Management delivered exceptional growth over the following two years, and in 2018 we co-invested with Beringea in a £5m round, 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 from 28 people to a team of 90, with offices in Brighton and New York. Having significantly grown its development and marketing teams, and launched in the US market, the company will use the latest funding primarily to scale up operations in the US and Germany. As part of the Series B investment round, MPB appointed a new chairman and CFO.
“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.”