Paris-based industrial startup studio OSS Ventures has announced a successful €8.5 million funding round, raising its total capital to €11 million. This investment will enable OSS Ventures to support five startups each year, focusing on their expansion across Europe and the US, with a goal to attract a substantial international clientele by 2027.
The funding round was led by Tikehau Capital, with participation from France 2030’s French Tech Accélération 2 fund (Bpifrance), Etablissements Peugeot Frères, and notable business angels including Max Pog. Frédéric Villain of Établissements Peugeot Frères remarked, “OSS Ventures’ focus on reindustrialising France and Europe through cutting-edge solutions aligns perfectly with our investment strategy.”
Pierre Gillet of Bpifrance added, “Supporting innovative startups in the industrial sector is crucial for maintaining France’s competitiveness on a global scale. OSS Ventures’ unique approach and deep domain expertise make them an ideal partner in this endeavour.”
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Pioneering Industrial Transformation
Founded by Renan Devillières, OSS Ventures is dedicated to advancing the French industry through technological, environmental, social, and societal transitions. The studio collaborates with industrial partners to enhance productivity, product quality, and worker conditions while addressing climate challenges. With a team of 20 experts, OSS Ventures visits sites weekly to identify and co-create solutions, recruit founders, and co-build startups, investing €300K to €500K for 25-30% equity.
Growing Impact and Reach
Since late 2019, OSS Ventures has launched 15 startups primarily in France, with international ventures as well, and has invested in four additional projects. Together, these 19 startups generate €25 million in annual recurring revenue (ARR). The studio’s solutions are employed by over 40,000 operators monthly across nearly 2,000 industrial sites globally, with 40% in France, 40% in Europe, and 20% in the US.
Renan Devillières, founder and CEO, emphasized the significance of the funding: “This round marks a pivotal moment for us. Our mission to drive industrial innovation is more critical than ever, and with our investors’ support, we are poised to scale our impact globally.”
With this substantial investment, the french firm is set to further its mission of transforming the industrial sector, supporting innovative startups, and expanding its influence on a global scale.
