MPB in a £49.8 million round backed by Acton Capital, Beringea, FJ Labs, Mobeus Equity Partners & Vitruvian Partners

MPB, a Brighton, UK-based operator of a marketplace for trading used cameras and photographic equipment, announced closing series D at £49.8 million ($68.9M).

The money was raised from investors led by Vitruvian Partners, with significant participation from Acton Capital, Mobeus Equity Partners, Beringea and FJ Labs also participating.

Proceeds will be used for accelerate the company's US and European growth strategy at scale.

MPB, founded in 2011 by CEO Matt Barker, built and operates a trading platform helping people buy, sell, and trade in photo and video kit. The company says it is recirculating 300,000 items of kit globally each year, as the platform offers the right price for every piece of kit based on make, model, condition, and market, across a large selection of camera bodies, lenses, filters, and accessories.