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Partech Ventures leads ManoMano’s €13M financing round

This investment will be the final one of the PIV 6 venture capital fund

Partech Ventures today announced its investment in ManoMano (formerly monechelle.fr), a community marketplace specialized in DIY and gardening products and services. The €13M financing round has also been joined by Bpifrance, Piton Capital and CM-CIC Capital Privé.
‘The decision to invest in ManoMano quickly became obvious. The management team is excellent, and we were impressed by their strong ambition: becoming the European leader of this vast sector’, explained Philippe Collombel, Managing Partner of Partech Ventures.
Thanks to its large community of DIY enthusiasts, ManoMano brings new inspiration to this sector. It accompanies them from a project’s beginning to end, as well as installation with the help of SuperMano, a service connecting handymen and people seeking assistance with home improvement.

Since it was founded in 2013, ManoMano has set ambitious growth objectives and has consistently surpassed them, with business increasing from €1 million to €32 million in three years for 500,000 listed product references.

‘Today, we are especially proud to announce having raised such substantial funds, and that we are supported by such prestigious investors. With these funds, we will accelerate our development and have the resources required for our European and community strategy. Ever since ManoMano was founded, we’ve had ambitious goals – and thanks to our teams, we have always surpassed them!’ explained Christian Raisson and Philippe de Chanville, cofounders of ManoMano, whose workforce has grown from 9 to 53 since 2013.

ManoMano will be the final investment of the PIV 6 venture capital fund, raised in 2012. This fund, which has been invested in 22 companies in Europe and the US, is representative of Partech’s investment strategy: a portfolio that is well-balanced between game changers in major industries (FinTech, AdTech, LegalTech, etc.), software and applications for businesses, and emerging leaders, like Mano Mano, offering innovative products and services to consumers.

‘This highly ambitious fund is evidence of the commitment of all of our 35 professionals to supporting entrepreneurs’, said Philippe Collombel.
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