Tackling a €400B European market with online penetration only at 11%, ManoMano has reimagined, since 2013, industry standards thanks to a unique positioning as a vertical digital brand. With its unmatched catalogue of 10 million products and its 3,600 cherry-picked partner sellers, ManoMano provides a best-in-class experience and services for its B2C and B2B customer base as well as its sellers in its European markets.
ManoMano has developed its owned technology and one-of-a-kind customer and seller-centric innovations such as high-quality bespoke advice through its Manodvisors, a community of experts available online to support customers on their projects and purchase decisions (2.3M conversations in 2020); ManoFulfillment, its category-specific logistics service opened in France, Spain, and Italy; and dedicated services to empower its sellers’ businesses.
In 2020, ManoMano has demonstrated its leadership by achieving growth of +100%, as well as impressive results: 1.2 billion euros in sales volume and 140% growth for its B2B offering, ManoManoPro. With over 50 million unique visitors per month across its platforms, the company serves over 7 million customers throughout Europe. In addition in 2020, ManoMano consolidated its European presence and generated 40% of its sales in other European markets (Germany, United Kingdom, Belgium, Spain, and Italy).
This fast-paced growth is supported by a talented team of 900 people working from offices in Paris, Bordeaux, and Barcelona. But also potentially from anywhere in France or Spain, since the scale-up implemented new flexibility standards for its Manas and Manos with a possibility of 100% remote work.
In July 2021, ManoMano announced the successful completion of its $355 million Series F fundraising. The round was led by new investor, Dragoneer Investment Group, with broad participation from existing investors Temasek, General Atlantic, Eurazeo, Bpifrance, through its Large Venture funds, Aglaé Ventures, Kismet Holdings, and Armat Group.
ManoMano will leverage the funds to continue its European expansion, particularly in Germany and the United Kingdom, the business’ largest potential markets in Europe; replicate the success of its B2B offering in Spain and Italy; pursue its tradition of customer and seller-centric tech innovations and develop its European logistics network ManoFulfillment. To achieve its ambitions, ManoMano plans to more than double the size of its current workforce by recruiting 1,000 new people by the end of 2022.
With $725 million raised 8 years after its creation by Philippe de Chanville and Christian Raisson, ManoMano is now valued at $2.6 billion and has reached unicorn status.
About the founders/CEO:
Philippe de Chanville and Christian Raisson are the two founders of ManoMano. They have built up a solid working relationship over the years and share the same vision and the same thirst for ambitious challenges.
Before co-founding the company, Philippe de Chanville was Investment Manager at Otium Capital, and before that, he worked in London as an Investment Executive at Caledonia Investments, and at BDO LLP. Philippe holds a Master's in Management from the EDHEC Business School, a post-grad diploma in accounting and finance from the London School of Economics and Political Science (LSE) and is a chartered accountant (ACCA).
Christian Raisson brought to the company 15 years of experience in founding and managing companies. He was previously CFO for the Smart&co Group (Smart Box), Managing Director at Gault Millaut and Le Guide Malin, and worked for Deloitte. He founded Planète Formation and co-founded Procredis Ltd. Christian holds a Master's in Management from the EDHEC Business School.