The UK's largest online marketplace for photographic equipment
Mobeus invested £2.1m of growth capital into MPB.com, the UK’s largest dedicated online marketplace in used photographic equipment.
MPB, a Brighton-based business established in 2008, is the UK’s largest online marketplace for photographers to buy, sell and exchange equipment. The company currently employs 40 people and generates an annual turnover of £8.4m.
Mobeus invested £2.1m of growth capital to support the business’s international expansion into the US and German markets.
Mobeus’s investment will be used to take MPB, which has proven itself in the UK, into overseas markets where its full service recommerce consumer offering provides the company with a distinct competitive advantage. The funding will allow the business to invest in stock, marketing, system improvements, opening a US office and in building the team both locally and in the USA.
Greg Blin of Mobeus completed the deal and has joined the Board.
- Consumer Products
- Growth Capital
- July 2016
- Trevor Hope