Paris-based OSS Ventures, an industrial startup studio, announced that it has raised €8.5M in a fresh round of funding. This round boosts the studio’s total raised capital to €11M.
With the raised capital, the studio plans to support five startups each year, focusing on their expansion across Europe and the US. Their goal is to attract a substantial international clientele by 2027.
Renan Devillières, founder and CEO of OSS Ventures, says, “This funding round marks a pivotal moment for OSS Ventures. Our mission to drive industrial innovation is more critical than ever, and with our investors’ support, we are poised to scale our impact globally.”
Investors supporting OSS Ventures
The current investment round was led by Tikehau Capital, supported by 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, says, “OSS Ventures’ focus on reindustrialising France and Europe through cutting-edge solutions aligns perfectly with our investment strategy.”
Pierre Gillet of Bpifrance, adds, “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.”
Building and investing in the future of operations
OSS Ventures, founded by Renan Devillières, is a startup studio 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, and address climate challenges.
It visits sites weekly to identify and co-create solutions, recruit founders, and co-build startups with a team of 20 experts, investing €300K to €500K for 25-30 per cent equity.
Leveraging its network, OSS Ventures claims to accelerate market opportunities and support startups through every growth stage.
Since late 2019, the firm has launched 15 startups primarily in France, with international ventures as well, and has invested in four additional projects. Together, these 19 startups generate €25M 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 a distribution of 40 per cent in France, 40 per cent in Europe, and 20 per cent in the US.
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