Fabriq raises €4M to accelerate productivity in French and European factories
Press release
Fabriq announces a €4M round of funding from Contribution (Thibault Lougnon, Jean-Baptiste Dumont) in association with OSS Ventures and renowned entrepreneurs including Augustin Paluel Marmont (Michel & Augustin), Amirhossein Malekzadeh (Datadog), Julien and Claire Chaudeurge (Babyzen), Henri de Castries (Axa), Alexis Bonillo (Zenly) and Thibaud Elzière (eFounders).
- Launched in 2019, Fabriq has experienced very strong growth in France and internationally with over 200 production sites equipped in 20 countries. The company equips both ETIs and major reference groups (Vallourec, Danone, Schneider Electric, Somfy, Savencia, Andros, Etam, Imerys, LISI Group, Rossignol, Seb, Maroquinerie Thomas, GT Logistics, Poclain, etc.) in all the main industrial verticals (agri-food, aeronautics, automotive, metallurgy, electronics, medical/pharmaceutical, cosmetics, luxury, logistics, etc.).
- At the heart of this success is the ability of Fabriq 's digital collaborative solution to develop both productivity and to give meaning to the work of factory employees by providing the last missing brick of lean management. With Fabriq, managers and operators work hand in hand to effectively solve the problems that impact the productivity of industrial sites (safety, quality, costs, deadlines). Thanks to a highly intuitive, flexible and collaborative solution, designed for the field, Fabriq modernises the standards of lean management and enables operational teams to save an average of 5,000 hours per year per site and to restore up to 3% of the operating margin, a source of competitiveness for manufacturers.
- This fundraising will allow Fabriq to accelerate the deployment of its solution in France and Europe, while developing new functionalities. Fabriq plans to quadruple its workforce in the next 24 months.
Putting people back at the heart of production sites through digital technology
The environmental, geopolitical and health crises we are experiencing make industrial relocation the economic priority of the French in order to transform France and Europe. Industrialists must produce locally, be more efficient in the use of resources, more agile in the face of crises and maintain a high level of competitiveness to face international competition. In this context, investments in the industry of the future and digitalization are exploding with, at the heart of this 4.0 revolution, the shift towards digital collaboration of production teams. This represents major productivity gains for manufacturers, estimated at between 20 and 30% according to McKinsey & Company, and doubles the benefits of traditional lean according to Bain & Company.
The success of Fabriq has been built on close collaboration with industrial groups looking for innovative and easy-to-deploy solutions. "We launched Fabriq with the help of startup studio OSS Ventures, which specialises in industry, and which enabled us to tour factories in France to understand how digital technology could free up collaboration and bring greater productivity to production teams. All the sites we visited were still using the whiteboard or Excel as a performance management tool, even in the most modern and automated workshops we visited," explain Octave Lapeyronie and François Déchelette, co-founders of Fabriq.
Anne-Delphine Beaulieu, VP Digital Transformation Lisi Group :
"The adoption of Fabriq has been meteoric. In just one year (including four months of Covid), we have deployed the solution in 22 plants in five countries. Fabriq allows us to solve our problems three times faster. Our teams of operators have become autonomous in solving most of the problems they usually encounter. The ROI is there with a solution that paid for itself in only 12 weeks. But above all, it is a mental revolution for Lisi Group, because previously our operators saw themselves as 'problem solvers', but now they are seen as solution providers, capable of solving problems themselves.
Christophe Boy, Consulting Director, Schneider Electric France - Digital Transformation Department:
"At the end of 2019, we launched a comparative analysis of solutions on the market to digitise Short Interval Animation (SIM) of performance, an essential pillar of Lean Management and more generally of Operational Excellence that we deploy at the majority of our clients. Fabriq came out on top in our analysis. It is the solution that best corresponds to our vision, with rapid deployment and without specific development. We offer it to several of our clients with great opportunities already realised."
This success is based on modern technologies, meeting the highest level of security requirements, which allow Fabriq to:
- Digitalising and standardising the classic tools of industrial excellence (audits, field tours, visual management, performance indicators, action plans, problem solving, standards, etc.)
- Identify, escalate and solve operational problems three times faster
- Capitalising on and better deploying operational knowledge from the field to promote better decision-making
Today, Fabriq makes these technologies available to all industrial groups so that they can improve the well-being of their teams, the productivity of their workshops and industrial efficiency in order to meet environmental challenges - three cardinal missions that unite the teams at Fabriq on a daily basis.
Fabriq aims to continue to deploy its technology in more than 500 industrial groups in France and abroad and to recruit more than a hundred people to strengthen its tech, product, sales, marketing and operational teams.
About Contribution
Created in 2021 by the entrepreneur and investor tandem Thibault Lougnon (Sézane, TextMaster) and Jean-Baptiste Dumont (Serena Capital, 360 Capital), Contribution provides time and capital support to committed entrepreneurs with a contributory vision of investment that combines meaning, performance and operational support. Contribution invests primarily in Seed companies for amounts between €100k and €1m and up to €5m in the later stages, by mobilising its syndication capacities.
About OSS Ventures
OSS Ventures is the first startup studio dedicated to Industry 4.0. Created in 2018 by Renan Devillières, Michaël Valentin (author of Le modèle Tesla - Du toyotisme au teslisme) and Charles Bouygues, OSS Ventures launches ambitious companies alongside founders from the Tech world, to give back control of their data and operations to manufacturers. OSS Ventures has already launched 12 start-ups in 3 years and has 16,000 users in 20 countries.
