Tuesday, January 28, 2020

French Startup ManoMano Raises €125 in Series E Round

This one wasn't even on the 10 French startups to watch list from a couple weeks ago.
From EU-Startups, January 28:

Paris-based ManoMano snaps up €125 million to build up its DIY marketplace
French startup ManoMano, a leading European online Marketplace for DIY, home improvement and gardening products, has announced snapping up €125 million Series E fundraising.
The round was led by Temasek, a global investment company headquartered in Singapore, with participation from General Atlantic, Eurazeo, Piton Capital and Bpifrance (through their Large Venture fund), and Kismet Holdings.

ManoMano, founded in 2013, aims to make your DIY, home improvement and gardening projects easier. Its online marketplace includes the best brands and products at competitive and reasonable prices. In addition, it give you tips and ideas for you to do your work from start to finish.

This new fundraising round increases the total funds raised over the past six years to €310 million. 

This will allow ManoMano to further deliver on its growth strategy, with the aim of becoming the European market leader in the DIY, home improvement and gardening space. The startup will continue its international expansion, as well as its tradition of customer-centric innovation with services like Mano Fulfilment, its category-specific logistics service, and Manodvisors, its community of experts and enthusiasts that support the company’s customers with their project and purchase decisions....MORE
Temasek is always woth paying attention to.$230+ billion portfolio, not flashy/splashy, they just make money.