Founded in 2011, MPB operates a technology-driven marketplace that inspects, prices, and resells used camera bodies, lenses, filters and accessories with trained camera experts and a six-month warranty. The platform recirculates roughly 300,000 items of kit globally each year and serves both hobbyists and professional visual storytellers. MPB describes its model as circular and aims to make kit more accessible, affordable, and sustainable. The company has established locations in the UK, US and Germany and has grown through multiple prior rounds of venture and private equity funding. Proceeds from the latest round will be used to develop new products and technology and to accelerate US and European expansion and operations. MPB positions these investments as enabling it to bring more kit to more people while growing profitably. MPB operates a data-driven, curated marketplace that vets and prices second-hand photo and film gear, enabling users to instantly sell for cash or trade in a single transaction. The platform automates vetting and uses transparent pricing based on supply and demand to ensure accurate listings. MPB has built a community of more than 135k active users and is active in the UK, USA and Germany. The company plans to blur the lines between ownership and rental while expanding its international footprint. The fresh capital will be used to extend infrastructure, invest in engineering and further automate platform processes. MPB intends to open an operational centre in Brooklyn and a German site as part of its international expansion. mpb.com operates an online marketplace that facilitates the secondary market for cameras, interchangeable lenses and other photographic and filmmaking equipment. Its proprietary technology manages the end-to-end experience, automating the creation of listings for more than 4,000 product types and dynamically updating prices based on supply and demand. The platform facilitates buying, selling and trading and currently handles more than 6,000 transactions per month. Launched in 2011 and led by CEO Matt Barker, the company has a team of 90 and offices in Brighton and New York. It is on track to generate £22 million in turnover this year with year-on-year growth above 60%. The company will use the £5m funding to scale up operations in the US and Germany. MPB operates a marketplace that lets photographers and videographers buy and sell high-end used photo and video equipment through a single platform. Led by CEO Matt Barker, the company offers both buy and sell services and processes listings end-to-end. In the most recent financial year it processed 25,000 products totaling £8.4 million and is generating in excess of £2m of quotes every month in the UK. MPB employs around 40 people in its UK office and will be opening a New York office in July. The company plans to use the new funding to expand the platform and launch into the US and Germany.

Total raised

$90M

Funding rounds

4

Latest round

Series D

Latest activity

Apr 2021