OSS Ventures, a prominent industrial start-up studio based in France, has secured €8.5 million in funding to fuel its mission of revolutionizing global manufacturing practices. Leading the investment round are esteemed entities including Tikehau Capital, Bpifrance’s French Tech Accélération 2 fund, Établissements Peugeot Frères, and notable business angel Max Pog.
Since its inception in late 2019, OSS Ventures has launched 15 startups and invested in four pivotal projects. Its innovative solutions are currently deployed by over 40,000 operators monthly across nearly 2,000 industrial sites worldwide, with significant footprints in France, Europe, and the US. The collective revenue generated by OSS Ventures’ portfolio of 19 startups amounts to €25 million annually.
“This latest funding milestone marks a transformative phase for OSS Ventures,” remarked Renan Devillières, founder and CEO. “With the unwavering support of our investors, we are poised to accelerate industrial innovation globally, focusing on enhancing productivity, product quality, and sustainability across various sectors.”
OSS Ventures distinguishes itself by partnering closely with industrial players to co-create solutions that address critical challenges such as climate impact and operational efficiency. The funding injection, bringing OSS Ventures’ total capital to €11 million, will bolster its capacity to launch five new startups annually, expand operations in Europe and the US, and target a robust international clientele by 2027.
Editorial Opinion: Accelerating Industrial Transformation
The €8.5 million funding secured by OSS Ventures not only underscores investor confidence but also signifies a significant leap towards advancing industrial innovation. This capital influx will empower OSS Ventures to intensify its efforts in enhancing manufacturing processes globally, leveraging technology to drive sustainability and operational excellence. With a strong foundation of 19 startups generating substantial recurring revenue, OSS Ventures is well-positioned to scale its impact and solidify its role as a catalyst for reindustrialization in France and beyond.
Industry Overview: Pioneering Industrial Solutions
OSS Ventures’ strategic approach involves close collaboration with industrial partners to identify and tackle complex operational challenges through innovative startup initiatives. By embedding themselves within manufacturing ecosystems and providing tailored solutions, OSS Ventures not only enhances productivity and quality but also contributes significantly to reshaping the industrial landscape. With ongoing support from visionary investors like Tikehau Capital and Bpifrance, OSS Ventures remains at the forefront of driving sustainable growth and competitiveness in the global manufacturing sector.
