OSS Ventures Secures €40M First Close for €75M Industrial Software Fund

Why It Matters

The vehicle underscores escalating investor confidence in factory‑floor‑centric software as a catalyst for Western reindustrialisation, offering critical growth capital to proven, market‑ready solutions.

Key Takeaways

• €75M fund targets follow‑on for studio‑built startups.
• First close secured €40M from Decathlon Pulse, Teknor Apex.
• Portfolio serves 3,600+ industrial sites across Europe, US.
• Focus on real‑world factory floor software, not theoretical ideas.
• European VC activity totals €839M in 2025‑26.

Pulse Analysis

OSS Ventures’ hybrid studio‑fund model reflects a pragmatic shift in venture capital toward hands‑on industrial software creation. By embedding engineers and product teams directly on the shop floor, the firm ensures that each startup addresses concrete manufacturing bottlenecks rather than abstract concepts. This approach resonates with a broader reindustrialisation agenda in Europe and the United States, where manufacturers seek agile, data‑driven tools to boost productivity, reduce downtime, and meet sustainability targets.

The €75 million vehicle, though modest compared with peers like b2venture’s €150 million Fund V or 2150’s €210 million climate‑focused fund, distinguishes itself through specialization. Rather than spreading capital across early‑stage ideas, OSS Ventures allocates resources exclusively to companies it has already built and validated in real factories. This follow‑on strategy reduces execution risk and accelerates scaling, allowing portfolio firms such as fabriq, Kraaft, MyC and Bonx to deepen market penetration and expand across trans‑Atlantic supply chains.

For manufacturers, the fund promises a pipeline of ready‑to‑deploy digital solutions that can be integrated with existing equipment and processes. The involvement of strategic partners like Decathlon Pulse adds industry insight and potential customer access, reinforcing the bridge between software innovators and end‑users. As digital transformation becomes a competitive imperative, OSS Ventures’ focused capital injection could shape the next generation of industrial SaaS platforms, positioning Europe and the U.S. to compete with legacy ERP giants on the modern shop floor.

Deal Summary

Paris‑based venture studio OSS Ventures announced the first close of €40 million for its new €75 million fund aimed at follow‑on financing for industrial software startups it builds. The round was led by Decathlon Pulse and Teknor Apex, with participation from 1st Kind by Peugeot Family and Tikehau Capital. The fund will support scaling of factory‑floor‑focused software across Europe and the United States.