French DIY marketplace ManoMano raises 110 million euros
ManoMano, an online do-it-yourself marketplace from France, has raised 110 million euros in a funding round from Eurazeo, Aglaé Venture, and Bpifrance, as well as existing investors CM-CIC, Partech, Piton, and General Atlantic.
With the 110 million euros from the current round included, ManoMano has already raised a total of 186 million euros. The startup is still focusing on its main market France, but with the extra money it wants to expand further across Europe, so it can become the continent’s dominant home improvement platform, TechCrunch writes.
ManoMano has 2.5 million customers in Europe
ManoMano was founded in 2013 and currently claims to have 2.5 million customers and 20 million visits per month. The DIY marketplace operates in France, the United Kingdom, Germany, Belgium, Italy and Spain.
Expansion of its services
Aside from trying to strengthen it presence in these market, ManoMano also wants to further develop ManoMano Pro, the platform for construction professionals it recently launched. And it wants to expand its Mano Fulfillment service, in which it manages products from third-party retailers and takes care of logistics.