French DIY e-commerce platform ManoMano raises €110 million

French DIY e-commerce platform ManoMano raises €110 million

French online DIY marketplace ManoMano has raised a €110 million funding round from Eurazeo, Aglaé Venture, and Bpifrance, as well as existing investors CM-CIC, Partech, Piton, and General Atlantic.

Founded in 2013, ManoMano has raised a total of €186 million, including the current round. The startup claims to have 2.5 million customers and attract 20 million visits per month. It employs 370 people and has reported an 85 percent increase in revenues in 2018.

ManoMano currently operates in France, Belgium, Italy, Spain, Germany, and the United Kingdom. It plans to use the fresh funding to strengthen its presence on these markets, as well as to further develop the recently launched platform for construction professionals ManoMano Pro.

Image credit: m0851 on Unsplash

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