mpb.com

The UK's largest online marketplace for photographic equipment

www.mpb.com

Mobeus invested £2.1m of growth capital into MPB.com, the UK’s largest dedicated online marketplace in used photographic equipment.

THE BUSINESS

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.

THE DEAL

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

THE PLAN

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.

THE PEOPLE

Greg Blin of Mobeus completed the deal and has joined the Board.

Information

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