mpb.com, a Brighton, UK-based specialist online marketplace for second-hand photographic and filmmaking equipment, received £5m in funding.
Backers included Mobeus Equity Partners and Beringea.
The company will use the funds to scale up operations in the US and Germany.
Led by Matt Barker, CEO, mpb.com facilitates the secondary market for cameras, interchangeable lenses, and other equipment and accessories. The company’s proprietary technology manages the entire end-to-end experience for users buying, selling, or trading equipment, automating the creation of listings for more than 4,000 different product types and dynamically updating prices based on supply and demand to provide users with transparency of product information.
Launched in 2011, the company currently facilitates more than 6,000 transactions per month, and is on track to generate £22 million in turnover this year at a year-on-year growth rate of more than 60%. mpb.com has a team of 90, with offices in Brighton and New York.