Fabriq, a Paris-based scale-up, lands €22 million to become the global standard in industrial performance

Fabriq, a French scale-up focused on industrial optimisation, announced today the closing of a €22 million funding round to accelerate hiring, expand its SaaS platform, and develop sales across Europe and US.

The round was led by Expedition Capital and saw participation from its long-standing 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 In most factories, operators and production managers still rely on outdated tools like whiteboards or Excel to manage daily performance.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.

Founded in 2019 by Octave Lapeyronie and François Déchelette, Fabriq is now deployed across more than 600 industrial sites in 43 countries and reached profitability in 2024.

Every day, thousands of issues (safety, quality, etc.) slow down production lines. Yet Fabriq says that only 20% of factories in Europe and the U.S. are equipped with a digital solution to address these issues effectively. This is the gap that Fabriq looks to fill with its SaaS platform that digitises Lean Daily Management.

Originating from the Toyota production system, lean management is a method adopted by manufacturers to drive daily performance on the shop floor through short routines, visual indicators, and continuous problem solving.

Fabriq’s tool looks to help factories achieve their daily operational objectives. While it involves all levels of organisational hierarchy up to executive level, it is primarily designed for frontline production teams and support functions.

Fabriq enables real-time tracking of performance indicators (accidents, defects, productivity, lead times, etc.), problem identification and resolution, daily meetings, field routines, checklist creation, and more effective team collaboration.

“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.

While Industry 4.0 technologies are a clear priority for manufacturers, only 17% manage to deploy them as quickly as initially planned – as per data provided by Fabriq. This figure reflects industrial leaders’ hesitance to invest in long, costly projects with uncertain ROI and demonstrates the difficulty in finding simple solutions that are quickly adopted 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 addressable market includes an estimated 8,000 sites in France, 42,000 in the U.S., and 35,000 across Europe (UK, DACH, Northern Europe), representing an opportunity of approximately €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.

Incoming AI-powered features will further empower frontline teams and facilitate the sharing of operational knowledge on the ground.

The company employs around 100 people and serves manufacturing leaders across 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.”

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