ADVERTISEMENT
DIY

ManoMano raises $355m in Series F funding round

The group intends to double its number of staff members by adding a further 1,000 employees by the end of 2022

ManoMano, a European marketplace specialising in DIY, home improvement, and gardening, has secured $355m (£257m) in a Series F fundraising round.

The investment brings the now unicorn retail group’s valuation to $2.6bn (£1.88bn), with the UK acting as the company’s fastest growing market.

Led by Dragoneer Investment Group, the round was joined by existing investors Temasek, General Atlantic, Eurazeo, Bpifrance, Aglaé Ventures, Kismet Holdings, and Armat Group.

ManoMano claimed that it would use the funds to expand across Europe, with particular attention paid to both the UK and German markets.

To achieve its growth plans, the group intends to double its number of staff members by adding a further 1,000 employees by the end of 2022.

Philippe de Chanville and Christian Raisson, co-founders and CEOs at ManoMano, said that the new funding will “confirm” the company’s position as the “undisputed European leader in our online vertical”.

They added: “Our goal is to become the first destination for all DIY, gardening and home improvement projects by offering a first-class experience and advice to our European customers.

“By giving access to a highly qualified DIY audience and a full range of category-specific services, we also aim to be the preferred partner for our European sellers who aim to grow their online business in our vertical.”

Back to top button