Momox

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Momox GmbH is a Berlin-based recommerce site for used books and media founded by Christian Wegner in 2006.

Wegner has said that "momox" stands for "Moderner Medien Online Express-Ankauf".[1]

Wegner started selling used items in 2004 with 1500 euros start-up capital and 20 square metres (220 sq ft) of storage space, selling on eBay and Amazon.[2] In May 2006, he founded Momox GmbH and the momox.de web site for buying books, CDs, and DVDs. The selling site Medimops opened in 2007.[3]

In 2010, other investors joined the company.[4] The company expanded to France, Austria, and Great Britain in 2011.[5] In 2019, Momox had €250 million in sales.[6]

As of 2019, the majority owner is Verdane Capital of Norway, and Wegner has sold all his shares.[7]

Notes[]

  1. ^ Schneider, Christoph David (n.d.). "Interview mit Christian Wegner, Gründer von Momox". Start Stories (in German).
  2. ^ "Vom Arbeitslosen zum Secondhand-König". Galileo (in German). ProSieben. 21 June 2019. Retrieved 26 August 2021.
  3. ^ Gartz, Katya (5 May 2011). "Der Buchverkäufer mit dem goldenen Händchen". Der Tagesspiegel.
  4. ^ "'Wachstumskapital in Millionenhöhe': Acton steigt bei momox.de ein". Deutsche Startups (in German). 2 December 2010.
  5. ^ "momox expandiert nach Österreich". APA-OTS (in German). 10 January 2012.
  6. ^ "Re-Commerce: Momox macht 250 Millionen". Borsenblatt (in German). 3 March 2020.
  7. ^ "Norweger stocken bei Momox auf – Gründer verkauft seine Anteile". Handelsblatt (in German). 11 January 2019.

External links[]

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