momox SE [1] is a Berlin-based recommerce site for used books and media founded by Christian Wegner in 2004.
Wegner has said that "momox" stands for "Moderner Medien Online Express-Ankauf" ("Modern Media Online Express Purchase"). [2]
Wegner started selling used items in 2004 with 1500 € start-up capital and 20 square metres (220 sq ft) of storage space, selling on eBay and Amazon. [3] 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. [4]
In 2010, other investors joined the company, [5] including the venture capital investor Acton Capital Partners from Munich. [6] Company founder Wegner reduced his stake to 67 per cent. [7] The company expanded to France, Austria, and Great Britain in 2011. [8] In the same year, storage capacity was expanded with two new logistics centers in Leipzig and Neuenhagen bei Berlin, in addition to the headquarters in Berlin, and a pick-up service was offered. [9] [10] In 2013, Christian Wegner handed over his position on the board to Heiner Kroke and focused on expanding the business model for the fashion sector. [11] In 2019, Momox had € 250 million in sales. [12]
As of 2019 [update] , the majority owner is Verdane Capital of Norway, and Wegner has sold all his shares. [13]
Due to Brexit, the company had to discontinue its service on momox.co.uk in December 2021. [14]
In 2022, there was an expansion of the offering to Spain and Italy. [15] On 14 December 2022, its corporate registration changed from a German Aktiengesellschaft (AG) to a Societas Europaea (SE). [16]