What is MPB?
MPB operates as the world's largest platform for the resale of digital photography and filmmaking gear. The company has built a robust technology platform that facilitates the convenient and trustworthy buying, selling, and trading of used equipment. This end-to-end solution is complemented by rigorous testing and validation processes conducted by product experts, alongside a commitment to top-notch customer service. Launched in 2011, MPB addresses the growing demand for sustainable and accessible options within the creative technology sector, contributing to the circular economy by extending the lifecycle of high-quality equipment.
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 Mobeus Equity Partners and Beringea
Series C (2019): $10.5M supported by Beringea, German VC Action Capital, and Mobeus
Series D (2021): $69M featuring Mobeus Equity Partners, Beringea, FJ Labs, Acton Capital, and Vitruvian Partners
Key Investors in MPB
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.
Mobeus Equity Partners
Mobeus Equity Partners is a prominent equity investor focused on UK-based SMEs, partnering with skilled management teams of businesses that exhibit strong growth potential. They typically invest in companies generating up to £5 million in EBITDA and provide funding of up to £20 million.
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.
What's next for MPB?
The substantial enterprise-level funding MPB has attracted, particularly the recent strategic investment, positions the company for accelerated growth and market leadership. This capital infusion is likely to fuel further technological innovation within its platform, enhance its global operational footprint, and expand its product offerings. MPB's trajectory suggests a focus on scaling its business model, potentially exploring new market segments or deepening its penetration in existing ones. The company's commitment to trust, quality, and sustainability in the used equipment market is expected to remain a core tenet as it navigates its next phase of expansion.
See full MPB company page
