Mobeus, Beringea lead £5m round for MPB

FJ Labs, an investor focused on marketplace technology companies, also took part in the fundraising.

The fresh capital will be used to scale up operations in Germany and the US. As part of the funding round, MPB has appointed a new chair and CFO.

Mobeus previously invested €2.1m in MPB in 2016. The investment was then used to expand into the US and German market, and notably launch the platform in Germany.

Company
Launched in 2011 and based in Brighton, MPB is an online marketplace for people to buy, sell and trade secondhand photography and film equipment. The company has 90 employees and has offices in Brighton and New York.

People
Mobeus Equity Partners – Jane Reoch (investment director).
Beringea – Matt Barker (CEO); Eyal Malinger (investment director).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Mobeus Equity Partners
• Beringea Limited
• United Kingdom