What is MPB?
MPB operates as the world's largest platform dedicated to the resale of digital photography and filmmaking kit. Founded in 2011 and headquartered in Brighton, UK, MPB has built a comprehensive technology platform that facilitates the convenient and trustworthy buying, selling, and trading of camera gear. Their end-to-end service includes rigorous testing and validation by product experts, coupled with high-quality customer support, establishing a reliable ecosystem for photographers and videographers. The company's approach addresses the growing demand for sustainable and accessible equipment in the creative industries.
How much funding has MPB raised?
MPB has raised a total of $89.4M across 4 funding rounds:
Series A
$2.8M
Series B
$7.1M
Series C
$10.5M
Series D
$69M
Series A (2016): $2.8M with participation from Mobeus Equity Partners
Series B (2018): $7.1M led by Beringea and Mobeus Equity Partners
Series C (2019): $10.5M supported by Beringea, German VC Action Capital, and Mobeus
Series D (2021): $69M featuring FJ Labs, Acton Capital, Vitruvian Partners, Beringea, and Mobeus Equity Partners
Key Investors in MPB
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses. They have invested in notable companies such as Alibaba, Coupang, and Rappi, building the world's largest portfolio of marketplace startups, with over 30 achieving unicorn status. The company seeks visionary founders who demonstrate passion, grit, and the ability to execute their vision.
Acton Capital
Acton Capital is a venture capital firm that specializes in investing in startups at the Series A stage and beyond, focusing on companies that are ready to scale and built to last. With over 25 years of experience, they adopt a selective investment approach, partnering with a limited number of founders each year to help develop tailored growth strategies.
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses in the US and UK, focusing on empowering entrepreneurs to build billion-dollar companies. With a diverse network and expertise across multiple sectors, they provide strategic support to their portfolio companies.
What's next for MPB?
With its latest major strategic investment and a substantial total funding amount of $89.4M, MPB is well-positioned for its next phase of growth. The company's consistent track record of securing significant capital, including Series B, C, and D rounds, indicates strong investor confidence in its business model and market leadership. This capital infusion is likely to be directed towards scaling operations, enhancing its technological infrastructure, expanding its global reach, and potentially exploring new product categories or services within the photography and filmmaking equipment market. MPB's focus on a circular economy model aligns with increasing consumer interest in sustainability, providing a strong foundation for future development and market penetration.
See full MPB company page
