ManoMano, a Paris, France-based online marketplace for DIY and gardening products, raised €60m in Series C funding.
The round was led by General Atlantic, with participation from existing investors Piton Capital, Partech Ventures, and Bpifrance. As part of the investment, Gabriel Caillaux, Managing Director and Co-Head of EMEA at General Atlantic, will join ManoMano’s board of directors. Chris Caulkin, Principal at General Atlantic, will join the board as an observer.
The company intends to use the funds to continue to drive innovation and product development and reinforce its presence across Europe.
Founded in 2013 by Philippe de Chanville and Christian Raisson, ManoMano is an online retailer for DIY and gardening products operating in France, Spain, Italy, Germany, Belgium and the UK.
With over 1.9 million customers, the company allows customers to buy DIY and gardening products online directly from its network of merchants at affordable prices.
In its next phase of growth, ManoMano plans to:
– Invest in brand marketing to increase awareness in all its markets
– Enhance its DIY product offering and services for existing and prospective clients
– Continue to invest in new commercial and logistics services
– Increase headcount of the IT & data teams and grow the business development team in UK & Germany.