Fabriq Funding News – Paris-Based Fabriq Secures €22 Million Funding

The round was led by Expedition Capital, with ongoing support from existing investor OSS Ventures.

“Over the last 30 years, the industrial sector has invested heavily in machines and automation, often overlooking team performance and engagement. In most factories, operators and production managers still rely on outdated tools like whiteboards or Excel to manage daily performance. Today, manufacturing leaders are recognising the urgent need to rebalance the equation,” says Founder Octave Lapeyronie.

Fabriq addresses a major gap in factory operations—where only 20% of factories in Europe and the U.S. use digital tools to solve daily production issues like safety and quality problems. Its SaaS platform brings Lean Daily Management into the digital age, helping factories streamline operations and solve problems faster.

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Rooted in Toyota’s lean manufacturing system, the platform is built for frontline teams and support staff, while also involving leadership. It allows real-time tracking of key metrics like productivity, defects, and lead times; supports daily meetings, checklists, and field routines; and helps teams collaborate more effectively to meet daily goals.

“Fabriq puts people back at the heart of the shop floor. We provide them with the visibility and agility they need to pursue operational excellence by improving both business metrics (output rate, quality, lead time, etc.) and human indicators (autonomy, time savings, culture of continuous improvement),” adds Lapeyronie.

According to Fabriq, although Industry 4.0 is a top priority for manufacturers, only 17% manage to implement these technologies as quickly as planned. This highlights a common challenge—industrial leaders are often hesitant to invest in long, expensive projects with unclear returns. It also shows how hard it is to find simple, easy-to-adopt solutions that work well on the shop floor.

“Manufacturers need concrete proof of the value provided by digital solutions. They’re looking for simple solutions that can scale quickly and deliver tangible impact. Fortunately, Fabriq is a solution that’s easy to deploy and delivers a fast, measurable ROI, typically 5 to 10x in the first year,” explains François Déchelette.

Fabriq’s potential market includes around 8,000 sites in France, 42,000 in the U.S., and 35,000 across Europe (including the UK, DACH region, and Northern Europe), representing a total opportunity of about €5 billion.

“We’re aiming for a sustained growth trajectory, targeting €50 million in ARR by 2029. We intend to double our market presence in France and plan for international operations to account for 40–50% of total ARR. This funding gives us the means to drive international growth and tackle the U.S. market, where there’s enormous potential thanks to low digital penetration and a dynamic industrial sector,” adds Déchelette.

Fabriq is adding new AI-powered features to better support frontline teams and make it easier to share operational knowledge on the shop floor.

The company has around 100 employees and works with major manufacturers across various sectors, including aerospace (Safran, Airbus), food (Andros, Bel), automotive (Renault, Scania), luxury (LVMH), and pharmaceuticals (Merck, Lonza).

“Factory productivity starts with human capital, and that’s exactly what Fabriq focuses on,” says Steven Twomey, Partner at Expedition Capital. “The company is uniquely positioned to dominate this market with a platform that’s trusted by global brands, scalable and adaptable to complex operations, and widely adopted by teams on the ground who use it every day.”

“At Medtronic, we’ve embarked on an exciting journey to deploy Fabriq across 13 manufacturing sites in the EMEA region,” adds Didier Perrin, VP Manufacturing in Global Operations at Medtronic. “In a few months, we’ve successfully digitised our tier management processes, fostering engagement, building meaningful connections from operators to leaders, and driving significant efficiencies. Fabriq is more than just a digital tool; it’s a catalyst for rapid and effective standardisation across all sites.”

About Fabriq

Founded in 2019 by Octave Lapeyronie and François Déchelette, Fabriq is now used at over 600 industrial sites across 43 countries and became profitable in 2024.