The round was led by Mobeus Equity Partners, a London-based private equity firm.
The company will use the funds to expand the platform and launch into both the US and Germany.
Led by Matt Barker, CEO, MPB provides a marketplace for high-end used photo and video equipment, which offers both buy and sell services through the same platform. The company, which currently employs 40 people in their UK office and will be opening a New York office in July, processed 25,000 products worth £8.4 million in the most recent financial year.
It is currently generating in excess of £2m of quotes every month for users in the UK.
FinSMEs
06/07/2016