ManoMano, a leading European online Marketplace for DIY, home improvement, and gardening products, has secured €125 million Series E fundraising.
The round was led by Temasek along with broad participation from General Atlantic, Eurazeo, Piton Capital, and Bpifrance, and Kismet Holdings. This brings the total amount raised over the past six years to €310 million.
With this funding, ManoMano will continue the company’s international expansion, and continue its tradition of customer-centric innovation with services like Mano Fulfilment and Manodvisors.
Philippe de Chanville and Christian Raisson, co-founders of ManoMano, said:
We are reimagining the standards of specialised DIY, home improvement, and gardening at a European scale. We have to move very fast to beat traditional players and e-commerce giants. To allow each of our markets to follow the success of our French business, it is essential that we adapt to each European market, by creating the best local offer in each country, building active communities, and developing innovative services.
Grew excess of 50%
Last year ManoMano grew well in excess of 50%, and for the first time exceeded €600 million in sales with international markets (namely Spain, Italy, Germany, and the UK) already contributing more than a third of sales figures.
Back in 2019, the French platform has increased its diverse and motivated employee base to 420. In 2020, the company plans to add another 200 positions across its offices in Barcelona, Spain, and Bordeaux, France, and further expand its network of Manodvisors.
For the uninitiated, ManoMano puts its mission to support DIY, home improvement and gardening projects from start to finish by providing a seamless user experience in an increasingly digitalised world at the core of its innovation activities.
To further improve its service offering, ManoMano launched Mano Fulfilment, its category-specific logistics service, in France in November 2018 and Spain in October 2019. This service will further support brand partners who sell through ManoMano’s platform to serve an international customer base with best-in-class logistics services.
Main image credits: ManoMano
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