OSS Ventures, a Paris-based industrial start-up studio, has successfully raised €8.5 million in a funding round led by Tikehau Capital, Bpifrance’s French Tech Accélération 2 fund, Etablissements Peugeot Frères, and business angels including Max Pog. Founded in late 2019, OSS Ventures has established 15 start-ups and invested in four projects, generating €25 million in annual recurring revenue. The funds will enable OSS Ventures to establish five start-ups yearly focused on expanding in Europe and the US. Partners of the initiative emphasize its importance for boosting productivity, enhancing product quality, improving worker conditions, and addressing the climate crisis.

Private Equity, Industrial Startups, Manufacturing,France, Europe, United States