#Acton25 As part of @Acton's 25th anniversary, we are (re)sharing some of the stories of the entrepreneurs we have backed across our six fund generations. Here's part 10: Momox - pioneer in the circular economy. Founded by Christian Wegner in Berlin and now part of Verdane's portfolio. When we invested back in 2010 everyone thought we're crazy: who would invest in used books in the ebook era? Well, we did. Enjoy the reading! #circulareconomy #recommerce
#ACTON25 - Leveraging the learnings of six startup generations (part 10): All products deserve a second life - that’s the principle of the circular economy. Berlin-based re-commerce pioneer momox has turned trading pre-loved media and fashion items into a successful business. Founded by Christian Wegner in 2006, momox has bought and sold more than 300 million articles since launch and has surpassed €300 million in annual revenues. Be it the next trailblazing unicorn, or the hidden industry champion — there is no one-size-fits-all journey to long-term value. Behind every time and each pioneer there is a unique story worth telling. As part of Acton Capital's 25th anniversary, we aim to tell those pioneer stories again for passing on the learnings of prior startup generations to the next – stay tuned! https://lnkd.in/dyKzGQ3