Failed 2023

    ManoMano (Massive Down Round)

    Paris DIY-marketplace unicorn ManoMano raised $725M then conducted multiple rounds of layoffs and reportedly accepted a steep down-round in 2024 as post-COVID DIY demand collapsed.

    Founded → Closed

    2013 → 2023

    Funding Raised

    $725M

    Industry

    E-commerce/DIY Marketplace

    Country

    France

    Full Analysis

    Paris-based ManoMano was France's leading DIY-marketplace, valued at $2.6B in 2021 after raising $725M+. As post-COVID DIY-spending normalized and growth slowed, ManoMano announced multiple rounds of layoffs in 2022-2023 (~20% of staff) and reportedly accepted significant valuation markdowns in subsequent financing. A defining French e-commerce post-COVID correction.

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