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With this new funding round, Pelico aims to become the Modern Factory Operational Management System

PARIS–(BUSINESS WIRE)–Pelico, the SaaS factory operations platform that enables manufacturers to address increasing levels of complexity and volatility in their operations, today announced that it has raised 18 million led by 83North and Serena with the participation of La Famiglia & ISAI as well as multiple business angels such as Adrien Nussenbaum (Mirakl), Carsten Thoma, Bastian Nominacher (Celonis)… This new fund will give the opportunity to Pelico to grow its team, invest significantly in its technology and expand its internal presence.

Supply chain and manufacturing have become more complex than ever, with volatile demand, fragmented supply chains and increasing product complexity. Since the operating environment changes faster than the planning capacity of the teams, these teams spend their time fighting against these unforeseen disruptions. This puts revenue at risk as sales are delayed and margins as last-minute solutions are costly. Pelico acts as an operations management system for factory teams. It allows factory teams to:

  • constantly anticipate bottlenecks such as parts shortages,

  • act quickly with AI-assisted recommendations and simulations,

  • Resolve issues quickly with team collaboration on a common view of data.

Since its creation in 2019, several industrial leaders in France, Germany and Switzerland and in various industries (Aeronautics and Defense, Luxury…) have chosen Pelico to meet their operational challenges. For example, Pelico helped Collins Aerospace cut logistics cycle times by 50% and Safran reduced parts shortages by 72% in 6 weeks.

The Pelico team is a mix of former operational leaders (Tesla, United Technologies, Mercedes…), experienced software engineers (Palantir, Criteo, Dassault…) and researchers in applied mathematics.

“The complexity of operations in discrete manufacturing continues to increase as we move from a mass production model to one based on custom products, lower volumes and shorter cycle times. This complexity is also reinforced by the recurring shocks in the supply chain (Brexit, Covid, Ukrainian war, etc.). Our job is to absorb all this complexity to help operational teams continuously monitor risks in the production chain and facilitate the decision-making process across the plant.” Explain Tarik Benabdallah, CEO and co-founder of Pelico

To continue its growth and become the operations management system for the modern factory, Pelico will open 50 new positions in France and the United States in the next 18 months. The company which opened an office in the United States in 2022 aims to strengthen its international presence to support its customers with a global footprint. This fundraising will also give Pelico the opportunity to invest in its technology and product, allowing its intelligent assistant to tackle more use cases for factory teams.

The Covid crisis has created new challenges and an explosion of last minute unforeseen issues in factory operations and production planning. Pelico has enabled us, thanks to digitalization tools, to optimize and make our industrial risk management processes more robust.Pauline Casta, SIOP and Material Manager at Collins Aerospace.

In a context of ramp-up with high volatility and complexity of operations, strengthening our operational excellence by leveraging the latest digital technologies is a key strategic priority.

Pelico empowers our teams with a data-rich system that continuously monitors operational bottlenecks, verifies the robustness of our plans, and enables rapid action.

Thanks to Pelico, we have reduced our number of missing parts by 72% and improved the quality of our data while allowing our teams to focus on their real added value.Matthieu Gaulon, EVP Support & Services at Safran

The complexity of industrial operations has increased sharply in the pandemic and economic context of the past two years. To enable operational teams to manage their production optimally, Pelico has developed a suite of analysis, collaboration and simulation tools that are unique on the market and can be deployed in just a few weeks. Two years after meeting the founders Tarik, Mamoun and Jonathan during the creation of Pelico, we are very happy to partner with them in this important phase of expansion..” Xavier Lorphelin, managing partner at Serena

About Pelico

Pelico is a Paris-based startup created at the end of 2019 by engineers from both the manufacturing and tech worlds. Pelico’s operations management system connects factory teams to manage daily volatility and deliver products on time, at cost. It enables factory teams to continuously anticipate bottlenecks, act quickly with AI-assisted recommendations, and collaborate across teams on implementing corrective actions.

About 83North

83North is a global venture capital firm with over $2.2 billion under management. The fund invests at all stages, in exceptional entrepreneurs, whose goal is to build world-class companies.

83North has backed over 85 companies including AeroScout (acquired by Stanley Black & Decker), Celonis, Hybris (acquired by SAP), iZettle (acquired by PayPal), Just Eat (LSE: JE), Marqeta (NASDAQ: MQ), Mirakl , Payoneer (NASDAQ: PAYO), ScaleIO (acquired by EMC), Vast, Vdoo (acquired by JFROG), Via, Wandera (acquired by Jamf), and Wolt (acquired by DoorDash).

About Serena Capital

Serena invests in bold companies and provides them with a level of expertise and operational resources unmatched in Paris and New York.

The Serena portfolio can be backed by an experienced team of operational partners and a very active C-level community, the Serena Squad, open exclusively to present and past companies, each contributing to the success of the other.

Founded in 2008 by entrepreneurs for entrepreneurs, Serena’s core belief is that VCs should work for their organizations, not the other way around.

About The Family

The Famiglia is a seed and growth stage European venture capital fund that invests in technology companies that enable or disrupt big industries. We are backed by a selection of world-renowned entrepreneurs from a variety of industries who provide valuable early market access, impactful partnerships and deep expertise for our portfolio companies.

More than an ordinary venture capital fund, La Famiglia serves as a trusted access platform creating unique relationships between the old and new worlds, enabling true differentiated leverage on capital.

About ISAI

Nearly 300 successful entrepreneurs, who have invested in ISAI funds, and more than 50 co-founders of start-ups supported by ISAI share the collective ambition to co-write great entrepreneurial stories. ISAI invests in differentiated projects led by ambitious teams that it carefully selects and actively supports. ISAI Gestion, a portfolio management company approved by the AMF, with more than €500 million under management, aims to finance and support high-potential Tech companies, at the seed/post-seed stage ( venture capital, €150k ticket, €3m ticket with participation in successive rounds) or when they have already reached the break-even point (Tech Growth/LBO, €5 to 50m tickets).

About business angels

  • Carsten Thomas – Founder Hybris, ex-SAP Executive

  • Adrien Nussenbaum – CEO Mirakl

  • Bastian Nominacher – CEO Celonis

  • Alex LeQuoc – Datadog CTO

  • Florian Douetteau – CEO Dataiku

  • Jonathan Benhamou & Clément Buyse – People doc

  • Charles Miglietti – CEO Toucan Toco

Archetype / July GIL

[email protected]

Source: Pelico

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