OSS Ventures, a Paris-based industrial startup studio, has announced that it has raised €8.5 million in a new funding round, increasing the studio’s total raised capital to €11 million.
With the funding, the studio plans to support five startups each year, focusing on expanding in Europe and the U.S. The goal is to have a large international customer base by 2027.
“This funding marks a pivotal moment for OSS Ventures. Our mission to drive industrial innovation has never been more important, and with the backing of our investors, we are poised to expand our impact on a global scale,” said Renan Devillières, founder and CEO of OSS Ventures.
Investors supporting OSS ventures
The current investment round was led by Tikehau Capital and was supported by France 2030’s French Tech Acceleration 2 fund (Bpifrance), Etablissements Peugeot Frères and notable business angels including Max Pog.
“OSS Ventures’ focus on the reindustrialization of France and Europe through cutting-edge solutions is perfectly aligned with our investment strategy,” said Frédéric Vilain, chairman of Etablissement Peugeot Frères.
Pierre Gillet of Bpifrance added: “Supporting innovative start-ups in the industrial sector is essential to maintain France’s competitiveness on a global scale. OSS Ventures’ unique approach and deep expertise make it the ideal partner in this effort.”
Building and investing in the future of your business
Founded by Renan Devillières, OSS Ventures is a startup studio dedicated to developing French industry through technological, environmental, social and societal transformation.
The studio works with industrial partners to improve productivity, product quality and workers’ working conditions, and to address climate issues.
The company makes weekly site visits to identify and co-create solutions, recruit founders and co-build startups with a team of 20 experts, investing €300,000-500,000 for 25-30% equity.
OSS Ventures claims to leverage its network to accelerate market opportunities and support startups through all stages of growth.
The company has launched 15 startups, mostly in France, as well as international ventures, and invested in four more projects since late 2019. These 19 startups have generated a combined annual recurring revenue (ARR) of €25 million.
The studio’s solutions are adopted by more than 40,000 operators every month in around 2,000 industrial sites around the world, with a distribution of 40% in France, 40% in Europe and 20% in the United States.
