ManoMano raises $139 million for its residence enchancment e-commerce platform

French startup ManoMano is elevating one other mega spherical of funding. The corporate operates an e-commerce web site for DIY, residence enchancment and gardening merchandise. This time, ManoMano is elevating $139 million (€125 million) with Temasek main the spherical.

Common Atlantic, Eurazeo, Piton Capital, Bpifrance and Kismet Holdings are additionally taking part. The corporate introduced one other important funding spherical again in April 2019. On the time, ManoMano raised $125 million (€110 million). Total, ManoMano has raised $344 million (€310 million) over the previous six years.

In 2019 alone, the corporate grew by 50% with $666 million (€600 million) in gross merchandise worth. Whereas the corporate continues to be largely energetic in France, its different markets (Spain, Italy, Germany and the U.Ok.) now symbolize a 3rd of gross sales figures.

ManoMano is betting on three totally different pillars to distinguish its e-commerce platform from different, extra generalist platforms. First, the corporate works straight with third-party retailers and deal with logistics as a part of the Mano Achievement service. Provided that {the marketplace} focuses on a distinct segment, ManoMano may beat rivals who even have a achievement service.

Second, ManoMano has constructed a group of specialists and fanatics to recreate the expertise you’d get if you go to a retailer. At any time, you can begin a dialog with Manodvisors. In 2019, prospects had 1 million conversations with Manodvisors. Anyone can grow to be an authorized knowledgeable and get some income from the startup.

Third, ManoMano desires to develop past hobbyists with ManoMano Professional. Whereas this service is simply getting began, it already represents 10% of the corporate’s gross sales in France. Clearly, professionals may result in a better common basket measurement.

With immediately’s funding spherical, the corporate plans to recruit 200 folks in Barcelona and Bordeaux.

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