Home and DIY retailer ManoMano has completed another round of fundraising in a bid to become the “European market leader in DIY, home improvement and gardening”.
In the most recent round of Series E fundraising, the business raised €125m (£106m), taking the total amount of funds raised over the last six years to €310m (£262m).
ManoMano co-founders Christian Raisson and Philippe de Chanville said: “We have an ambitious growth strategy and the funds raised will help us to deliver this. Our aim is to become the European market leader in the DIY, home improvement and gardening.
“With 125% growth in the last 12 months, the UK market is the fastest growing area and is at the centre of our growth strategy.”
ManoMano operates in France, Belgium, Italy, Spain, Germany and the UK, and will be focusing on increasing its presence in those markets.
Raisson and De Chanville added: “From start to finish we aim to provide a seamless user experience and in an increasingly digitalised world this is at the core of our innovation activities. In this context, we keep developing innovative products and services to improve the customer experience.”
The home and DIY specialist is also putting “services at the heart of its growth strategy” and will be rolling out its logistics solution Mano Fulfilment – currently only available in France and Spain – to its other markets over the next three years.
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