HomeFranceIndustrial Startup Studio OSS Ventures Raises €8.5M

Industrial Startup Studio OSS Ventures Raises €8.5M

OSS Ventures

OSS Ventures, a Paris, France-based industrial startup studio, raised €8.5m.

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.

The latest €8.5m boost brings OSS Ventures’ total capital to €11m, enabling five startups annually focused on expanding in Europe and the US, aiming for significant international clientele by 2027.

Led by Renan Devillières, founder and CEO, 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. OSS Ventures recruits 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.

Since late 2019, OSS Ventures has established 15 startups 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 startups under OSS Ventures generate €25m in annual recurring revenue (ARR).

VCWire

27/06/2024