7 April 2021
We have advised the world’s largest reseller of photo and video kit, MPB, on its latest funding round, raising £49.8 million to fuel further international expansion into the US and European markets and accelerate new product development for content creators.
The funding was led by Vitruvian Partners with participation from current investor Acton Capital, joining existing investors Mobeus Equity Partners, Beringea and FJ Labs.
Recirculating 300,000 items of kit globally each year, MPB has transformed access to photo and video kit by offering a technology-based, customer-centric service.
The new funding will allow MPB to focus on new product developments and technology that broaden the ways in which people can access kit, and bolster existing operations to bring more kit to more people.