NEW YORK, Nov. 16, 2016 /PRNewswire/ -- The largest online marketplace for trading used camera equipment across Europe, mpb.com, has started to trade in the US.
This platform, staffed from MPB US Inc's Manhattan office, will allow photographers and videographers to buy, sell and exchange high-end used camera equipment across the US.
The US expansion for mpb.com comes after they successfully raised $3 million in Series A funding earlier this year. The funding was led by London-based private equity firm Mobeus Equity Partners.
Matt Barker, CEO, created mpb.com in 2008 with a graduate loan, where he then disrupted the online marketplace by redefining the way photographers and videographers buy, sell and trade equipment.
His innovative approach in developing a unique custom-designed technology enabled mpb.com to sit in the middle of all transactions, ensuring accurate pricing and removing all risks for buyers and sellers.
Over the last 8 years, mpb.com has grown from trading in the UK, to across Europe and finished the last fiscal year with a revenue run rate of over $12 million.
In addition, mpb.com staff have almost doubled in all departments, including a large expansion of their tech team with the recruitment of highly skilled software developers.
"MPB is built on innovation and the desire to offer a better solution for trading used camera gear. Our dedication to developing custom-built technology for the best customer experience has enabled us to grow faster than ever," said Matt Barker.
"We're excited to start shaking things up here in New York. It's vibrant, ambitious and it's where some of the world's best photography is created."
mpb.com is a global marketplace for trading high-end used photo and video equipment. Differentiating itself from other camera companies, mpb.com offers both buy and sell services through the same platform and deals directly with all users.
The sophisticated platform technology ensures that pricing is always optimal, creating an unrivaled sell-through rate and zero stock risk.
mpb.com is privately owned and was founded by economics graduate Matt Barker. They currently employ 49 people across their offices in New York, USA and Brighton, UK.
A rapidly-growing tech business, mpb.com ranked in the 2014 Deloitte Technology Fast 500, the 2015 Sunday Times Hiscox Tech Track 100 league tables and are finalists for the 'Digital Business of The Year' Award in The Amazon Growing Business Awards.