OSS Ventures Launches $81M Fund for US & EU Industrial Software

Jan de Vries · 2026-02-18

Here's some news that caught my eye recently. It's about the nuts and bolts of rebuilding manufacturing, literally. A Paris-based venture studio called OSS Ventures just announced the first closing of its new fund. They've secured about $43 million so far, with a total target of roughly $81 million. That money has a very specific job. It's not for wild, pie-in-the-sky ideas. This fund is designed to provide follow-on financing. It's for the startups OSS Ventures itself builds from the ground up, helping them scale their industrial software solutions on both sides of the Atlantic. ### Who's Backing This Vision? Leading this funding round are Decathlon Pulse and Teknor Apex. They're joined by some long-standing supporters, including 1st Kind by Peugeot Family and Tikehau Capital. It's a solid vote of confidence in a very hands-on approach. Renan Devillières, the founder, puts it bluntly. "We don't finance ideas that are not grounded in reality," he says. "We build companies at the heart of factories, in contact with operators, managers and real industrial constraints. Then we finance them. At OSS Ventures, our offices are in the workshops, and we hold our meetings in safety shoes." You can't get more grounded than that. It's a philosophy built on dirt-under-the-fingernails experience, not just spreadsheets in a skyscraper. ### A Broader Wave of Investment This news isn't happening in a vacuum. While OSS Ventures was closing its first round, several other European venture capital firms were securing fresh capital for similar DeepTech and B2B projects slated for 2025 and 2026. It paints a picture of a sector heating up. Let me give you a quick snapshot of the landscape: - **b2venture** in Berlin hit a $162 million hard cap for its Fund V. - London's **2150** closed a $227 million second fund for climate-driven systems. - **Constructor Capital** in Switzerland secured about $100 million for its debut DeepTech fund. - Fellow Paris firms **SlateVC** and **Ventech** announced funds of about $143 million and $189 million, respectively. Add it all up, and you're looking at nearly $907 million in new capital. That's a massive signal of institutional appetite. Investors are betting big on software that transforms factories, tackles climate issues, and rewires how industries operate. ### Where OSS Ventures Fits In In that sea of capital, OSS Ventures' fund is more specialized. It's smaller in total size but laser-focused. Every dollar is for follow-on financing for the industrial software startups they've built in-house. It's a vertical integration model: build it, then fund its growth. Renan sees a fundamental shift driving all this. "The West is realizing it needs to reindustrialize," he states. "We saw it with masks, 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 the core thesis. The rebuild requires new tools, built by people who know the factory floor. ### A Track Record of Building Founded in 2019, OSS Ventures uses this hybrid model—part venture studio, part investment fund. They've launched about 30 B2B industrial software startups so far, with 22 still active today. These companies are all about digitizing the gritty details: manufacturing processes, field operations, and performance management. Collectively, their portfolio has raised over $108 million. Their software is now in use at more than 3,600 industrial sites worldwide. That's real-world traction. A few standout companies in their current portfolio include: - **fabriq**: An industrial performance platform that raised about $27 million in 2025. - **Kraaft**: Develops field operations tools for complex projects, securing roughly $14 million in 2025. - **MyC**: Focused on corporate medical services management, raising about $10.8 million in 2026. - **Bonx**: A no-code ERP solution designed for modern manufacturing agility. The message is clear. The future of manufacturing isn't just about bigger robots. It's about smarter, more connected software. And a growing number of investors are putting their money where the work boots are.