MMC and Piton inject £800,000 into MBA & Company

The fresh capital will be used to expand its international operations and to introduce a new simplified model for connecting consultants and clients.

MMC's capital was drawn from the MMC London fund, a £14m vehicle that backs London-based businesses. The fund recently provided $5.5m in follow-on funding to mobile advertising solutions firm Somo, alongside private investors.

The VC attributed its continued commitment in MBA to the company's potential for global expansion and to its use of technology to disrupt an established industry.

Previous funding
According to unquote" data, MMC and Piton invested £800,000 in MBA alongside existing investor Cabiedes in April 2013. The latest round brings the total amount invested in the company to more than £2m.

Company
London-based MBA is an online marketplace for freelance strategy consultants and was founded in 2009. It has around £20m of projects posted with a network of more than 20,000 consultants across 50 countries.

MBA's clients include Phoenix Equity, HgCapital, General Motors, Pizza Hut and Sharp. The company stated it has seen its average project size increase to £18,000 over the past 12 months.

People
Jon Coker is a partner at MMC. Daniel Callaghan is founder and CEO of MBA.

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• Topics
• UK / Ireland
• Support services
• Expansion
• MMC Ventures
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