The Brighton reseller of photo and video kit has raised £49.8m from Vitruvian Partners and Acton Capital to expand in US and European markets.
"This funding round is a major milestone for MPB culminating a decade of strong performance and a vision to make great kit accessible and affordable. With the backing of Vitruvian Partners and those reinvesting in our business we can accelerate our US and European growth strategy at scale, profitably. Photography and videography are intrinsic to societies and cultures all over the world, and at MPB we have created a circular model that offers everyone the chance to be visual storytellers and content creators in a way that’s good for the planet."
The health technology company has closed a £8.7m Series B investment backed by high-profile angel investors.
"Low-cost, non-invasive technology for monitoring blood to a high standard is a holy grail that has profound, life-enhancing impact – whether you are monitoring metabolic health to improve athletic performance, or working to reverse the trend towards diabetes. I’m delighted to be working on developing such transformative products based on Zedsen’s novel non-invasive technology and being part of Zedsen’s amazing team."
The funding round was led by the UK Government Future Fund.
"The investment is a testament to the sustained impact we’ve made across schools and learning institutions. We have refined our services and are now poised to scale the offering. The UN has stated that the world will be 68 million teachers short by 2030. Without a qualified teacher in every classroom in every school, the quality of education for young people will diminish significantly. This will impact the poorest students first and foremost, furthering educational inequality."
The Newcastle-based utility platform has raised a follow-on investment led by DSW Ventures and Northstar Ventures to scale operations and enhance technology.
"We’re delighted to raise this follow-on round from our investors, our second investment in a challenging but very rewarding 12-month period. This is a huge vote of confidence in our business and reflects the incredible progress that the One Utility Bill team has achieved over the last 12 months. We’ll be using the funds to further accelerate our customer growth and invest in our technology."
