Fueling the Factory of the Future
PARIS, June 27, 2024 /PRNewswire/ -- OSS Ventures, a
leading industrial start-up studio in France, is thrilled to announce raising €8.5
million. This funding was led by Tikehau Capital, France 2030's French Tech Accélération 2 fund
(Bpifrance), Etablissements Peugeot Frères, and business angels
like Max Pog.
Since late 2019, OSS Ventures has established 15 start-ups and
invested in four projects. The studio's innovative solutions are
used 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. Collectively, the
19 start-ups under OSS Ventures generate €25 million in annual
recurring revenue (ARR).
The latest €8.5 million boost brings OSS Ventures' total capital
to €11 million, enabling five startups annually focused on
expanding in Europe and the US,
aiming for significant international clientele by 2027.
Renan Devillières, founder and CEO of OSS Ventures, states:
"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."
OSS Ventures partners with industrials to boost productivity,
improve product quality, enhance worker conditions, and address the
climate crisis. They visit sites weekly to identify challenges and
co-create solutions. They recruit founders and co-build startups
with a team of 20 experts, injecting €300K to €500K for 25-30%
equity. Leveraging their network, OSS Ventures provides rapid
market opportunities and supports startups through all growth
stages.
Visionary Investors Backing Industrial Transformation
François Lavaste of Tikehau Capital: "We are excited to continue
our partnership with OSS Ventures and support their mission of
driving industrial innovation through technology. Their proven
track record and deep expertise in the manufacturing sector make
them a valuable partner in our portfolio."
Frédéric Villain of Établissements Peugeot Frères: "OSS
Ventures' focus on reindustrializing France and Europe through cutting-edge solutions aligns
perfectly with our investment strategy."
Pierre Gillet of Bpifrance:
"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
endeavor."
Max Pog, Uniborn CEO: "OSS Ventures' foresight and execution in
the manufacturing sector is inspiring founders across our Venture
Studio Family community."
For more information, please visit: www.oss.ventures
Press contacts
Ashok Azhagarasan - ashok@oss.ventures - 0609810741
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