Momox

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momox SE [1] is a Berlin-based recommerce site for used books and media founded by Christian Wegner in 2004.

Contents

Wegner has said that "momox" stands for "Moderner Medien Online Express-Ankauf" ("Modern Media Online Express Purchase"). [2]

History and development

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, 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]


See also

Notes

  1. "About us".
  2. Schneider, Christoph David (n.d.). "Interview mit Christian Wegner, Gründer von Momox". Start Stories (in German).
  3. "Vom Arbeitslosen zum Secondhand-König". Galileo (in German). ProSieben. 21 June 2019. Retrieved 26 August 2021.
  4. Gartz, Katya (5 May 2011). "Der Buchverkäufer mit dem goldenen Händchen". Der Tagesspiegel.
  5. "'Wachstumskapital in Millionenhöhe': Acton steigt bei momox.de ein". Deutsche Startups (in German). 2 December 2010.
  6. "Acton investiert in Momox". www.boersenblatt.net (in German). Retrieved 15 July 2025.
  7. "Momox-Gründer Christian Wegner: Der Buchverkäufer mit dem goldenen Händchen". Der Tagesspiegel Online (in German). ISSN   1865-2263 . Retrieved 15 July 2025.
  8. "momox expandiert nach Österreich". APA-OTS (in German). 10 January 2012.
  9. Goll, Ulrich (31 January 2012). "Der Internet-Großhändler: Der Herr der gebrauchten Bücher". Die Tageszeitung: taz (in German). ISSN   0931-9085 . Retrieved 15 July 2025.
  10. "Internethändler Momox zieht in Europas größtes Logistikzentrum, MOMOX GmbH, Story - lifePR". www.lifepr.de. Retrieved 15 July 2025.
  11. "Vom Arbeitslosen zum Secondhand-König". prosieben.de (in German). 21 June 2019. Retrieved 15 July 2025.
  12. "Re-Commerce: Momox macht 250 Millionen". Börsenblatt (in German). 3 March 2020.
  13. "Norweger stocken bei Momox auf – Gründer verkauft seine Anteile". Handelsblatt (in German). 11 January 2019.
  14. Message on https://www.momox.co.uk/ "Important information: Due to Brexit, we have to discontinue our service on momox.co.uk for the moment! Open sales will be processed and you can still access your account."
  15. "Re-Commerce Marktführer momox expandiert nach Spanien und Italien" . Retrieved 5 January 2023.
  16. "momox ist nun eine europäische Aktiengesellschaft" . Retrieved 5 January 2023.