Momox, a Germany-based online buy-back service for media products, has raised an undisclosed amount from venture capital (VC) firm Acton Capital Partners, which span out from local publisher Hubert Burda Media two years ago.
The Germany-based VC firm, previously known as Burda Digital Ventures and which retains its former parent as an investor in its funds, said it would invest several million euros for a minority stake in the Berlin-based portfolio company as the fourth investment of Acton’s Heureka growth fund.
In February, news provider TechCrunch Europe said serial entrepreneurs and investors Christoph Janz and Mark Gazecki had invested in Momox, which has about €20m ($26m) per year in revenues from trading in second-hand books, music and computer games.
Momox was founded in 2006 by Christian Wegner, who said: "In Acton we have found a partner [which] has extensive e-commerce experience."