Paris-based ManoMano, an online marketplace for DIY, home improvement, and gardening products, announced that it has raised a massive $355M (approx €299.43M) in its Series F round of funding. With this development, the company has now earned the ‘unicorn’ status with a valuation of $2.6B (approx €2.19B).
We had reported back in January 2020, when the company secured €125M in its Series E round of funding. And, to date, it has raised a total of $725M in funding.
The round was led by new investor Dragoneer Investment Group. In addition, existing investors also participated including Temasek, General Atlantic, Eurazeo, Bpifrance, through its Large Venture funds, Aglaé Ventures, Kismet Holdings, and Armat Group.
Eric Jones, Partner at Dragoneer Investment Group, says, “The pandemic triggered an international craze in the DIY industry, and we believe the trend is here to stay. Consumers across the globe are investing more-and-more in their homes and are now turning to online channels for selection, price, and – importantly – advice. We look forward to supporting ManoMano’s growth in their existing markets and expansion in Europe.”