15 September 2011. – The blog network mokono has a new owner: The founders, Vasco Sommer-Nunes and Florian Wilken, who previously held the majority of the shares, and Burda Digital Ventures (BDV), the financial arm of Burda Digital, which owned a minority share since 2007, sold the company for 8.2 million Euros to Populis. Populis is a European online vertical media publisher based in Dublin.
Burda Digital Ventures is the financial investment arm of Burda Digital. The mokono investment was managed by Acton Capital Partners, as part of the BDV Fund. Investment Director Harald Ebrecht of Acton comments: “The mokono team has been successful in developing truly innovative business models for digital media. We very much enjoyed working with them and see a great future for mokono as part of the Populis network.”
mokono is Germany’s largest blog network and one of the leading blogging and blog marketing platforms in Europe. Founded in 2005, mokono has over 700,000 registered blogs in 13 European countries. A pioneer in Social Media Advertising, providing a vast range of tailored online advertising packages, the mokono network reaches over 14 million unique monthly visitors. The two founders and managing directors of mokono will continue to manage the company from Berlin.
