General Atlantic backs ManoMano in €60m series-C

The round was also backed by previous investors including Partech Ventures, Piton Capital and BPI France, the French government's investment vehicle.

With General Atlantic on board, the company plans to accelerate its growth through innovation and the development of its products, as well as strengthening its presence in Europe. It also plans to recruit IT and data-focused staff, and expand sales teams in the UK and Germany.

The GP's managing director, Gabriel Caillaux, will join ManoMano's board of directors.

Previous funding
ManoMano raised a €13m funding round from Partech Ventures, Piton Capital, CM-CIC Capital Privé and BPI France in early 2016.

In 2014, ManoMano raised a €2m funding round, following a €600,000 seed investment in 2014.

Company
ManoMano was founded in Paris in 2013 by Philippe de Chanville and Christian Raisson. It is an online DIY and gardening retail site that operates in France, Spain, Italy, Germany, Belgium and the UK. It offers customers the opportunity to access affordable gardening and DIY products from a network of merchants, with 1.2 million referenced products and 900 partner merchants. ManoMano has also built a community of handymen who exchange advice and support with projects. It expects sales of €280m in 2017, up from €89m in 2016.

People
General Atlantic – Gabriel Caillaux (managing director).
ManoMano – Philippe de Chanville, Christian Raisson (founders).

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• Topics
• Consumer
• France
• Expansion
• General Atlantic
• France