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OTS: ManoMano / Online marketplace ManoMano is with 2.6 billion dollars … | message

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, OTS: ManoMano / Online marketplace ManoMano is with 2.6 billion dollars … | message, Forex-News, Forex-News

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, OTS: ManoMano / Online marketplace ManoMano is with 2.6 billion dollars … | message, Forex-News, Forex-News

Online marketplace ManoMano is valued at $ 2.6 billion

new European unicorn – and accelerated with fresh capital

its growth engine Germany (PHOTO)

Berlin (ots) – ManoMano, the European market leader specializing in

Do-it-yourself, house and garden on the Internet, is the successful conclusion today

announced its $ 355 million Series F funding.

The capital round was funded by the new investor, the Dragoneer Investment Group,

Listed with broad participation of the existing investors Temasek, General

Atlantic, Eurazeo, Bpifrance (on venture capital investments), Agla Ventures, Kismet

Holdings and Armat Group.

ManoMano will use the financial means, especially in Germany, to

largest home improvement market in Europe to continue the strong growth

To further expand the success of the B2B offer in Spain and Italy

traditional customer and seller-centric innovation technologies

to further develop the European logistics network ManoFulfillment

establish. To achieve its ambitious goals, ManoMano plans the number of

more than double the current number of employees and around 1,000 by the end of 2022

hire new employees.

With $ 725 million made in the eight years since it was founded

Philippe de Chanville and Christian Raisson became ManoMano

now valued at $ 2.6 billion and has attained unicorn status.

“With this new round of financing, we want to maintain our position as

undisputed European market leader online in the industry. Our

The aim is to be the first point of contact for all projects related to home improvement, home

and garden by giving our European customers a first class

Offer a shopping experience and individual advice, “says Philippe de

Chanville and Christian Raisson, Co-Founders and Co-CEO of ManoMano. “By doing

we have access to a highly skilled DIY audience and a comprehensive one

We also want to offer a range of category-specific services

Be the preferred partner for all European retailers who start their online business

want to expand in our industry, “add the two co-founders.

“The pandemic has sparked international hype in the home improvement industry

and we believe this trend will continue in the future. consumer

all over the world are investing more and more in their home and are turning now

Online platforms too when it comes to selection, price and – most importantly – advice

goes. ManoMano is a leader in all three dimensions and not a company in

Europe is better placed to help artisans achieve theirs

Visions to help, “said Eric Jones, partner at Dragoneer Investment

Group. “We are very impressed by the ManoMano management team and look forward to it

insist on supporting their growth while maintaining their leadership position in the

consolidate existing markets and expand further in Europe. “

A unique positioning that leads to hypergrowth

Considering the European market with a volume of around 400 billion

Euros and an online penetration of only eleven percent thanks to ManoMano

unique positioning as a vertical and digital brand

Industry standards redefined. The start-up offers with an unmatched

Catalog of ten million products and 3,600 selected sales partners

B2C and B2B customers as well as providers in the European markets

first-class user interface and comprehensive services.

ManoMano has its own technologies and unique customer and

Sales-centered innovations developed: For example the high-quality and

Tailor-made advice from the so-called “Manodvisors” – a community

of experts that is available online to assist clients with their projects and

Support purchase decisions (2.3 million chats in 2020). Or that

category-specific logistics service ManoFulfillment, which is currently available in

Is located in France, Spain and Italy; as well as special services,

to strengthen the businesses of its dealers.

2020 brought sustained and global digital growth –

with an e-commerce growth of over 31 percent in Western Europe *. In this

During the period, ManoMano has its leadership role with a growth of over 100

Percent and impressive results demonstrated: 1.2 billion

Euro trading volume and 140 percent growth for the ManoManoPro B2B offer. With

This serves over 50 million unique visitors per month on the platforms

Company with over seven million customers across Europe. Beyond that

ManoMano consolidated its European presence in 2020 and

generated 40 percent of its trading volume in European markets

outside of France: Germany, UK, Belgium, Spain and

Italy.

Huge growth opportunities for the German market

ManoMano.de is already the second most important platform after France and

will overtake them in the future. With a potential of 82 billion euros, the

German market has a considerable growth opportunity for ManoMano and has a

fast pace at the digitalization. That has been the case since 2020 alone

The company’s trading volume by 165 percent to 113 million euros

tripled. “The German DIY market is the largest in Europe and offers

a huge potential for us. At the same time we are aware that he is tough

contested and occupied by traditional brands. That is precisely why we are on that

We are very proud of the rapid growth of our platform ManoMano.de, “said Phillippe

Chanville and Christian Raisson.

German dealers are particularly important to the company. 75 percent of the on

The providers represented on the platform are from Germany. 40 percent of it

export their items internationally; this is related to the fact that

German brands and products due to ManoMano’s European customers

their high quality are particularly in demand. Most of them are on ManoMano

represented traders small business owners and medium-sized businesses by using

the online platforms and thanks to the wide range of services

to expand further and to sell their products across borders.

European expansion and technological innovation at the heart of ManoManos

Growth strategy

With the new funding, ManoMano intends to carry out its priority projects

to accelerate further:

– Increasing the presence outside France, especially in Germany,

the largest DIY market in Europe. In the year 2021, Germany is already the

second largest market for ManoMano and is the main growth engine for the

Company.

– Investing in technology and data literacy to expand the fr

To further improve customers, sales partners and construction professionals. ManoMano offers

its dealers access to the European markets by making an appropriate

Builds a logistics network, looks after customer service and provides them with advertising,

sponsored products and customer insights. For his B2C customers

the company continues to invest in services that are a

End-to-end experience from inspiration to implementation through customer service

create to be the preferred reference partner for their DIY and home improvement partners

To become home improvement projects.

– Increase media investment in Europe to have a strong and

Build a differentiated home improvement brand in all countries. The goal is,

to reach the same level as in France, where already two out of three

French people know ManoMano.

– Recruiting 1,000 new talents by the end of 2022, more than one

Doubling of the current workforce across Europe.

“We firmly believe that we put our teams at the center

need to face our development in order to build a tech champion and ours

To completely redesign the industry. At ManoMano we allow everyone and everyone

Mano to be professional within a strong and ambitious human

Develop a vision supported by our core values: Courage,

Ingenuity and benevolence. As we for our great technological and

business challenges depend on the best talent

we will add 1,000 new employees at a very rapid pace over the next 18 months

set “, resume Philippe de Chanville and Christian Raisson,

Co-founder and Co-CEO of ManoMano.

* Source: Forrester 2021 Online Retail Forecast

about ManoMano

Make your home even more beautiful with your own hands – the 2013 from the

French Philippe de Chanville and Christian Raisson founded platform

ManoMano (http://www.manomano.de/) enables exactly that. The online marketplace

with the largest selection of products in the DIY, garden and interior design sectors

offers everything that makes the do-it-yourselfer heart beat faster – crowned by

valuable DIY instructions and inspiration. The ManoMano range includes over

ten million products sold by 3,600 handpicked dealers –

from tools and building materials to pools and loungers to furniture and

trendy decoration. ManoMano is active in six European countries and has

Over 7 million customers.

About Dragoneer

Dragoneer is a growth-oriented investment company with a

long-term capital over $ 19 billion, which is made up of many of the

the world’s leading foundations, sovereign wealth funds and family offices. Already

Dragoneer has long formed partnerships with various management teams,

Build the exceptional company and become sustainable through it

Distinguish differentiation and outstanding economic models. The

The company’s track record includes public and private investments in

different industries and regions, with a special focus on

technology-oriented companies. Dragoneer was an investor in companies like

Airbnb, AmWINS, Ant Financial, ByteDance, Datadog, DoorDash, Duck Creek,

Farfetch, Livongo, Mercado Libre, Nubank, PointClickCare, ServiceNow, Slack,

Snowflake, Spotify, Square, Twilio, Uber and many more

about Temasek

Temasek is an investment company with a net asset portfolio of

$ 306 billion as of Mar 31, 2020. Temasek defines himself in his

Charter in three roles: as investor, institution and administrator. It strives at

Investment decisions reflect the ethics and philosophy of being a successful investor

to uphold and develop fair institutions and responsible actors.

The investment company is actively looking for sustainable solutions for current

and future challenges, while taking advantage of investments and others

Opportunities that will help make it better, smarter, and more sustainable

To create the world. Temasek is headquartered in Singapore and has eleven offices

worldwide. Further information can be found on the Internet at

http://www.temasek.com.sg.

About General Atlantic

General Atlantic is a leading global growth equity firm with more

than four decades of experience in providing capital and

strategic support for over 400 growth companies. It was 1980

founded to work with visionary entrepreneurs and a

to achieve lasting effects. The company combines a collaborative

global approach, sector-specific expertise, a long-term

Investment horizon and a deep understanding of the growth factors to deal with

great entrepreneurs and management teams working together and being innovative

Businesses around the world to grow. General Atlantic managed

currently has assets of over $ 53 billion and employs more than

175 investment professionals in New York, Amsterdam, Beijing, Hong Kong, Jakarta,

London, Mexico City, Mumbai, Munich, Palo Alto, So Paulo, Shanghai, Singapore

and Stamford. For more information on General Atlantic, visit the

Website: http://www.generalatlantic.com.

about Eurazeo

Eurazeo is a leading global investment firm that has approximately 22.7

Billions of euros in diversified assets, including around 16 billion

Euros on behalf of third parties, in a portfolio of more than 450 companies

managed. With their know-how in the areas of private equity, real estate,

The group supports private bonds as well as dedicated mandates and funds

Businesses of all sizes by giving them nearly 300 employees, one

extensive industry experience and privileged access to world markets

and a responsible, growth-based approach to

Provides added value. An institutional and family

Shareholder structure, a solid financial structure with no structural debt and

a flexible investment horizon enables Eurazeo, companies in the long term

to accompany. Eurazeo has offices in Paris, New York, Buenos Aires, Sao Paulo,

Shanghai, Seoul, Frankfurt, London, Luxembourg and Madrid. Eurazeo is at the

Euronext Paris listed. ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

about Agla Ventures

Agla Ventures is an international venture capital company based in

Paris, New York and San Francisco owned by LVMH main shareholder Agache

is supported. Agla Ventures invests from 100 thousand up to 100 million

Euros in asset-light activities and fast-growing technology companies in

all phases. For the past 20 years, Agla and his

Subsidiaries of some of the best-known global technology companies

supports: e.g. Netflix, Slack, Spotify, Airbnb, Automattic, eToro and

BackMarket.

About Kismet

The Kismet Capital Group is a private investment company owned by the

Russian entrepreneur Ivan Tavrin was founded. She goes with partnerships

high-growth companies across the EMEA region and take advantage of

her 20 years of experience building, operating and investing in companies

from the TMT arena, in both private and public markets. In addition to the

Kismet has three companies providing growth capital on the Nasdaq

listed SPACs as one of the leading SPAC franchises in EMEA.

about Armat Group

Founded by entrepreneurs for entrepreneurs: http://www.armatgroup.com.

Press contact:

Ephgenia Reshetnikov

mailto: ephgenia.reschetnikow@styleheads.de

Telephone 0211 749679 17

Styleheads Dsseldorf GmbH & Co. KG

Kaiserswerther Strasse 29-31

40477 Dsseldorf

Further material: http://presseportal.de/pm/134735/4960692

OTS: ManoMano

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