mpb.com

The UK's largest online marketplace for photographic equipment

www.mpb.com

In 2016, Mobeus invested £2.1m of growth capital into mpb.com, the UK’s largest dedicated online marketplace in used photographic equipment. Management delivered exceptional growth over the following two years, and Mobeus co-invested with Beringea in a £5m round in March 2018.

THE BUSINESS

Launched in 2011, the Brighton-based 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 per cent. Since its Series A funding round, mpb.com has grown from 28 people to a team of 90, with offices in Brighton and New York.

THE DEAL

Mobeus originally invested £2.1m of growth capital to support the business’s international expansion into the US and German markets.

In 2018 Mobeus co-invested with Beringea in a £5m round, to provide this exciting business with the further capital to build on its commercial opportunity and first-mover advantage.

THE PLAN

Having significantly grown its development and marketing teams, and launched in the US market, the company will use the latest funding primarily to scale up operations in the US and Germany. As part of the Series B investment round, mpb.com appointed a new chairman and CFO.

THE PEOPLE

Greg Blin of Mobeus completed the original deal. Jane Reoch led the Series B for Mobeus and is on the Board.

Information

Jane Reoch
Sector:
Consumer Products
Type:
Growth Capital
Status:
Current
Date:
July 2016
Value:
£2.1m
Leader:
Jane Reoch