OSS Ventures Closes First Round of $80 Million Fund to Scale Industrial Software Champions

OSS Ventures, a Paris-based venture studio building next-generation industrial software, led by Renan Devillieres and the team, has announced the first close of its new investment fund with a target of $80 million. The round is led by Decathlon PULSE and Teknor Apex, with participation from existing investors including Groupe Peugeot Frères.

The fund serves as OSS Ventures’ strategic investment arm, dedicated to follow-on financing for companies emerging from the studio’s portfolio. The capital will accelerate go-to-market execution and scale deployments across North America and Europe.

OSS Ventures builds software directly on factory floors, alongside operators, supervisors, and engineers, to ensure real operational impact.

Founded in 2019 by Renan Devillieres, the firm backs only proven products already working in production environments. Its new fund provides expansion capital to scale validated portfolio companies, not early experimentation.

As Devillieres puts it, the companies are built inside factories, value is proven in real operations, and only then is capital deployed for growth.

Strategic investors driving operational transformation.

The fund also includes industrial operators committed to long-term collaboration beyond financial returns. Decathlon PULSE and Teknor Apex join to access new deployment methods, operational best practices, and manufacturing software built for Western industry needs.

Franck Vigo noted the partnership reflects a shared belief that real industrial transformation happens on the factory floor, not in meeting rooms.

Michael Roberts added that the model provides visibility into performance drivers and practical tools proven inside facilities rather than demo-only software.

Proven track record: 3,000 sites, real results

Since launch, OSS Ventures has deployed software across nearly 3,000 manufacturing sites worldwide and built multiple industrial software companies now running mission-critical operations:

• Fabriq — collaborative performance platform ($27M raised, 2025)

• Kraaft — coordination for complex projects ($14M raised, 2025)

• Bonx — team management & workforce flexibility ($5.5M seed, 2025)

• Relief — downtime reduction ($2.7M seed, 2025)

All portfolio companies follow the same playbook: build on the factory floor, prove value with real customers, then scale aggressively.

A transatlantic industrial platform

With offices in Boston and Paris, OSS Ventures operates across North America and Europe as a unified industrial market facing shared challenges in productivity, competitiveness, and skills retention.

The new fund aims to build a portfolio of industrial software leaders positioned to restore competitive advantage to Western manufacturing economies.