The European marketplace specialising in online DIY, home improvement and gardening, has reached $2.6bn in valuation following the completion of a $355M Series F fundraising.
This particular round was headed by Dragoneer Investment Group, with participation coming from existing investors Temasek, General Atlantic, Eurazeo, Bpifrance, through its Large Venture funds, Aglaé Ventures, Kismet Holdings and Armat Group.
Philippe de Chanville and Christian Raisson, Co-Founders and Co-Chief Executives of ManoMano, said: “With this new round of funding, we wish to confirm our position as the undisputed European leader in our online vertical. 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.”
Raisson and de Chanville added: “With a potential market of €50bn and the highest digital penetration in Europe, the UK is ManoMano’s growth engine for the future. As it has become our fastest-growing country in 2021, we look forward to further expansion. This new funding round will allow us to accelerate our development, particularly by strengthening our media investments and footprint in the UK to become the preferred partner for our customers and UK sellers.”
