Monoqi, the furniture e-commerce platform formerly backed by Advance Publications, has been bought by Decovry for an undisclosed sum.
Lifestyle media company Decovry has paid an undisclosed amount to acquire Germany-based e-commerce platform Monoqi, which had previously counted media group Advance Publications as an investor.
Monoqi had built an e-commerce platform that offered curated furniture and homeware products sourced from designers around the world.
The company filed for insolvency in late 2018, after which e-commerce firm Lumaland bought a 49% stake while entrepreneur Alexander Sailer acquired the rest, in a deal that valued it at an undisclosed seven-figure amount.
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