OSS Ventures Launches €75M Fund To Scale Industrial Software Startups In Europe And The US

The fund will provide follow-on financing to startups built within the studio, supporting the scale-up of industrial software solutions across Europe and the United States.

The round is led by Decathlon Pulse and Teknor Apex, with participation from existing backers including 1st Kind by Peugeot Family and Tikehau Capital.

Founded in 2019, OSS Ventures operates a hybrid model combining a venture studio and an investment fund. Since inception, it has launched around 30 B2B industrial software startups, 22 of which remain active today, focused on digitising manufacturing processes, field operations, and industrial performance management. Collectively, the portfolio has raised over €100 million and now supports more than 3,600 industrial sites worldwide.

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Alongside OSS Ventures’ first close, several European VCs have secured fresh capital for adjacent DeepTech and B2B mandates in 2025 and 2026.

Berlin-based b2venture reached the €150 million hard cap for Fund V, while London’s 2150 closed a €210 million second fund targeting climate-driven urban and industrial systems. In Switzerland, Constructor Capital secured €92.8 million for its debut DeepTech vehicle.

In Paris, SlateVC announced a €132 million first close for its inaugural growth fund focused on industrial and climate-related B2B technologies, while Ventech closed a €175 million sixth fund supporting European AI and software companies. Earlier-stage activity continued with Amsterdam’s Volve Capital completing a €9 million first close and Rubio Impact Ventures announcing a ~€70 million third fund.

Together, these vehicles represent approximately €839 million in newly raised capital across 2025–2026 underlining sustained institutional appetite for software-enabled industrial and climate transformation in Europe.

Renan Devillières, Founder of OSS Ventures, explains the studio’s hands-on philosophy: “We don’t finance ideas that are not grounded in reality. We build companies at the heart of factories, in contact with operators, managers and real industrial constraints. Then we finance them to enable them to establish themselves on a large scale. At OSS Ventures, our offices are in the workshops, and we hold our meetings in safety shoes.”

Within this broader funding landscape, OSS Ventures’ new vehicle is more specialised, concentrating exclusively on follow-on financing for startups built within its studio. Positioned as an “amplification vehicle,” the fund aims to accelerate companies that have already demonstrated traction on the factory floor.

By embedding teams directly within industrial environments and aligning software development with real-world manufacturing constraints, OSS Ventures seeks to cultivate globally competitive industrial software champions.

With €40 million secured toward a €75 million target, the firm is positioning itself to scale its portfolio as manufacturing resilience and digital transformation remain strategic priorities across Europe.

In a public statement, OSS Ventures explained: “This isn’t a fund for financing ideas. It’s an amplification vehicle, designed to scale companies we’ve built from the factory floor, after they’ve proven themselves in the field. Since 2019, OSS Ventures has created 22 companies deployed across 3,600+ industrial sites worldwide.”