[NEWS] ManoMano raises $125 million for its home improvement e-commerce platform – Loganspace

French startupManoManois raising a brand fresh funding round of $125 million (€110 million). The company operates an e-commerce web jam and market centered on dwelling enchancment and gardening.

ManoMano is fragment of the tremendous unbundling of general e-commerce platforms. By specializing in a vertical in particular, the corporate can present a dapper product offering, competitive prices and better customer carrier.

The platform hasgenerated$450 million (€400 million) in sinful merchandise tag final year. France remains to be its main market, however the corporate plans to become the dominant dwelling enchancment platform in Europe.

In step withan interview in JDN, ManoMano plans to desire a web converse out of Amazon’s playbook and enlarge its Mano Success carrier. As the title suggests, ManoMano plans to administer products from third-celebration shops and desire care of logistics.

More currently, ManoMano launched a B2B carrier with an a variety of benefits for expert staff.

Eurazeo Enhance, Aglaé Ventures and Bpifrance are taking fragment in this day’s funding round, with unique traders CM-CIC, Partech Ventures, Piton and Neatly-liked Atlantic also taking fragment.