Acton leads £9m series-C for MPB

Existing investors Beringa and Mobeus Equity Partners also took part in the latest financing.

The fresh capital will be used to expand into Europe and North America, drawing on Acton's links in Germany and Beringea's in the US. It will also invest in engineering and further automation of its platform.

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

Beringea joined the syndicate in 2018, investing in a £5m round for MPB.

Company
MPB was founded in 2008 and is headquartered in Brighton. It operates an online marketplace for photography and filmmaking equipment, and has 120 staff. The website has 135,000 registered users that have either bought or sold equipment through the platform. The firm is active in the UK, the US and Germany, which account for 70%, 20% and 10% of revenues respectively.

People
Acton Capital – Sebastian Wossagk (managing partner).
Beringea – Eyal Malinger (investment director).
Mobeus Equity Partners – Jane Reoch (investment director).
MPB – Matt Barker (CEO).

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