Paris-based venture studio OSS Ventures has announced the first closing of €40 million for its new investment vehicle, tarreceiveing a total fund size of €75 million to provide follow-on financing to startups created within its studio, assisting them scale their industrial software solutions across Europe and the United States.
Leading the round are Decathlon Pulse and Teknor Apex, joined by long-standing backers including Peugeot Frères Industrie and Tikehau Capital.
Renan Devillières, Founder of OSS Ventures, explains the studio’s hands-on philosophy: “We don’t finance ideas that are not grounded in reality. We build companies at the heart of factories, in contact with operators, managers and real industrial constraints. Then we finance them to enable them to establish themselves on a large scale. At OSS Ventures, our offices are in the workshops, and we hold our meetings in safety shoes.”
In parallel with OSS Ventures’ first close, several European VCs have secured fresh capital for adjacent DeepTech and B2B mandates in 2025 and 2026, providing applyful context to today’s news.
Berlin-based b2venture reached the €150 million hard cap for Fund V, backing early-stage technology founders across Europe, while London’s 2150 closed a €210 million second fund focapplyd on climate-driven urban and industrial systems. In Switzerland, Constructor Capital secured €92.8 million for its debut DeepTech vehicle tarreceiveing software and research-driven startups from Seed to Series A.
Fellow Paris-based VCs SlateVC announced a €132 million first close for its inaugural growth fund investing in industrial and climate-related B2B technologies, while Ventech closed a €175 million sixth fund supporting European AI and software companies.
Earlier-stage activity also continued, with Amsterdam’s Volve Capital completing a €9 million first close and Rubio Impact Ventures announcing a ~€70 million third fund with an impact-linked technology focus.
Collectively, these vehicles represent approximately €839 million in newly raised capital across 2025–2026, illustrating sustained institutional appetite for software-enabled industrial, climate and operational transformation in Europe.
Within this landscape, OSS Ventures’ new fund is compacter in absolute size but more tightly specialised, concentrating exclusively on follow-on financing for industrial software startups built in-hoapply.
Notably, two of the larger funds cited — SlateVC and Ventech — are also Paris-based, highlighting continued momentum in the French venture ecosystem alongside OSS Ventures’ strategy to scale factory-floor-focapplyd software platforms across Europe and the United States.
“The West is realising it requireds to reindustrialise. We saw it with mquestions, vaccines, semiconductors. But you won’t rebuild manufacturing with 1990s ERPs and Excel. You’ll rebuild it with software designed for the reality of a 2026 shop floor – by people who’ve actually been inside one. That’s exactly what we do. In Europe. In the United States. Factory by factory. Software by software,” adds Renan in a public statement.
Founded in 2019, OSS Ventures operates a hybrid model combining a venture studio and an investment fund. Since inception, it has launched around 30 B2B industrial software startups, 22 of which remain active today. These companies focus on digitising and optimising manufacturing processes, field operations, and industrial performance management.
Collectively, the portfolio has raised over €100 million and now equips more than 3,600 industrial sites worldwide.
Companies in its current portfolio include:
- fabriq, an industrial performance management platform that raised €25 million in 2025.
- Kraaft, which develops field operations coordination tools for complex industrial projects and secured €13 million in 2025.
- MyC, focapplyd on medical services management for companies, raised €10 million in 2026.
- Bonx, a no-code ERP solution tailored to industrial environments, completed a €7.3 million Seed round in 2025.
The newly announced fund is positioned as an “amplification vehicle”, according to OSS Ventures, intfinished to accelerate companies that have already demonstrated traction on the factory floor. Rather than backing external teams at ideation stage, the capital will be channelled exclusively into startups built internally by the studio. This approach reflects the firm’s conviction that industrial transformation requires close alignment between software development and real-world manufacturing constraints.
In a public statement, OSS Ventures explained: “This isn’t a fund for financing ideas. It’s an amplification vehicle, designed to scale companies we’ve built from the factory floor, after they’ve proven themselves in the field. Since 2019, OSS Ventures has created 22 companies deployed across 3,600+ industrial sites worldwide.”
The post also highlighted the international dimension of its operations, with teams in Paris and Boston working to support Western manufacturing competitiveness.
Decathlon Pulse, the investment arm of sports retailer Decathlon launched in 2024 to back sports and wellness startups, is playing a leading role in the new vehicle. In its own public statement, Decathlon Pulse stated: “Today, we’re taking another step forward by announcing a strategic partnership with OSS Ventures, a venture builder specialising in industrial operations and digital ininformigence founded and led by Renan Devillieres.
“As industrial value chains grow more complex, the ability to connect product design, industrialization and production through practical digital tools has become a meaningful differentiator. This partnership fits naturally into our goal of supporting software solutions rooted in real manufacturing apply cases and designed to work across borders and sectors. By bringing toreceiveher OSS Ventures’ experience in building industrial software companies and DECATHLON PULSE’s deep understanding of global manufacturing networks, we aim to contribute to more agile, resilient and responsible industrial operations, in Europe, the United States and beyond.”
By embedding its teams directly within factories and prioritising operational realities over theoretical innovation, the studio aims to foster a new generation of industrial software champions capable of competing globally.
With €40 million already secured and a €75 million tarreceive in sight, the firm is positioning itself to scale its portfolio companies at a time when manufacturing resilience and digital transformation are high on the European agfinisha.
Leave a Reply