4 years ago
MPB Raises £49.8 Million to Expand its Second-Hand Photo and Video Kit Marketplace
MPB, a Brighton-based online reseller platform for used photography and videography equipment, has raised £49.8 million in Series D funding led by Vitruvian Partners
The funding will be used to develop new products and technology, expand operations, and accelerate growth in the US and Europe
MPB aims to make photography and videography equipment more accessible and affordable, while promoting sustainability in the industry
Vitruvian Partners becomes MPB's largest shareholder, with support from existing investor Acton Capital.
ProblemTechnology
"Many people want to express their creativity through photography and videography, but the high cost of new equipment is a barrier."
Solution
"MPB operates a global online marketplace for used photography and videography equipment, making it more affordable and accessible while promoting sustainability."