Partech Newsletter: €110 million for DIY expert ManoMano
We’ve been crazy busy these past few weeks, as were our portfolio companies! Catch a glimpse of what they’ve been up to below.
And this one is still hot off the press: Shedul.com, the world’s fastest growing booking platform for salons and spas, announced today a Series B investment of $20 million, valuing the company at $105 million. We led the round since “we believe the founders have built an excellent product and demonstrated impressive growth since inception with their unique business model,” as explained by Philippe Collombel.
They say two heads are better than one, and the same is true of reports! This month on the menu we propose one on the collaboration between corporates and startups and another on financing African Startups - 2018 was a monumental year! - plus for dessert, a few tasty blogposts about our portfolio companies like Kudi, ManoMano, some start-ups in the computing industry and those working with Artificial Intelligence.
Bon appétit - have a great read!
The Partech Team
€180M+ raised by our portfolio companies!
• ManoMano raised €110M ($125M). The leading European DIY and gardening platform, will develop its offering for professionals, enhance their sellers’ experience as well as recruit high profile tech talents - achieving its 2020 ambition of 1 billion euros in sales. Read more below.
• Alan raised another €40M ($45,1M) for its health insurance innovation. The French startup will use the funds to create a well-designed product that makes healthcare more accessible across Europe and to continue to grow their team. Curiosity killed the cat? Find out what it is!
• The Guarantors raised €13.3M ($15M) in Series B funding. The round, led by Global Founders Capital, will support a national expansion and help to launch their new product for the commercial real estate industry.
• Odaseva raised €10.3M ($11.7M), in a round led by Partech with participation from Salesforce Ventures and Serena. The raise will help the cloud data management platform accelerate its go-to-market strategy and build on existing successes with global customers.
• Kudi, the Nigerian leader of digital payment and collection for the cash economy, raised €4.43M ($5M) in Series A funding. This raise will accelerate the growth of its distributed bank agents in Nigeria. Read more about why we invested in Kudi on our blogpost.
• Cambridge Blockchain received an undisclosed investment from Paypal, who joins its Series A funding round. The digital identity enterprise software provider will use the funds and the potential future collaborations to continue to leverage blockchain technology.
Read the full newsletter here.