OFFROAD RAISES €1.5 MILLION FROM AXELEO CAPITAL, ISAI, AND RING CAPITAL TO STRENGTHEN ITS INNOVATIVE SOLUTIONS FOR ROAD AND PUBLIC SPACE MANAGEMENT
OFFROAD, a specialist in road infrastructure management leveraging cutting-edge technology, announces a €1.5 million funding round from Axeleo Capital, ISAI, and Ring Capital. This funding will enable OFFROAD to strengthen its technical and sales teams, serving local governments and public works companies.
Local authorities face numerous challenges in road infrastructure management: road safety, compliance and regulation, maintenance cost management... To address these issues, OFFROAD offers an innovative solution based on two key technologies, the result of several years of R&D: the "BrainKit," an onboard 3D digitization device, and artificial intelligence for data processing.
Concretely, the "BrainKit" makes it possible to accurately map the infrastructure environment and collect, in a single pass, a wide range of data. Artificial intelligence enables the production of detailed inventories and compliance studies: evaluation of dangerous curves, non-compliant signage, improvement of urban accessibility, creation of topographic plans.
For local authorities and their service providers, this is an opportunity to obtain both a global and precise vision of the state of the roads and to prevent additional costs due to increased degradation in order to optimize the management of roadways and public spaces.
OFFROAD stands out with a solution capable of centralizing and harmonizing data for all stakeholders involved in road infrastructure management, thereby ensuring optimized collaboration.
Since 2020, OFFROAD has convinced around thirty local authorities (departments, public intermunicipal cooperation establishments (EPCI), and municipalities) as well as numerous private actors. With a team of 10 employees, proven technology, and several thousand kilometers analyzed, the company now aims to take a new step forward.
With the support of Axeleo Capital, ISAI – through its Build Venture fund – and Ring Capital, OFFROAD plans to strengthen its technical and sales teams; increase the production pace of its BrainKit sensor to meet growing demand; and accelerate its development.
About OFFROAD
Founded in 2020, OFFROAD is a start-up specializing in the optimized management of road infrastructures. Thanks to its BrainKit technology, OFFROAD aims to revolutionize road infrastructure management by transforming field data into directly actionable information.
About Axeleo Capital
Axeleo Proptech I is a €40 million venture capital fund dedicated to startups in the proptech, contech, and energy sectors in Europe. Axeleo Capital is an active venture capital firm in the early-stage tech scene in Europe, supported by a large number of entrepreneurs and investors. Axeleo Capital offers startup founders a unique support framework combining equity investment, operational and strategic coaching, and an active ecosystem of over 100 high-level partners and mentors. Its Proptech Contech investments include GarantMe, Mob Energy, Beanstock, Pionix, Oculai, Grane...
For more information: https://www.axc.vc/
About ISAI Build Venture
Created in partnership with Bouygues, ISAI Build Venture is a global investment fund that participates as a co-investor in seed to Series C rounds for startups offering solutions that accelerate the transformation and decarbonization of the construction, real estate, mobility infrastructure, and energy industries. ISAI Build Venture is a strategy of ISAI Gestion (“ISAI”), one of the pioneers of investment in French Tech created in 2009.
The company is a signatory of the UNPRI and an active player in inclusive and low-carbon Tech.
For more information: www.isai.fr
About Ring Capital
A dedicated investment ecosystem for impact investing, Ring Capital finances and supports entrepreneurs innovating to offer vital solutions to major social and environmental challenges, through four investment strategies and a venture philanthropy fund.
Specialized in financing young impact startups in pre-seed, Generations powered by EDHEC supports ambitious solutions to the major environmental and social challenges of future generations. Born from the collaboration between Ring Capital and EDHEC Business School, this fund benefits from their respective expertise and ecosystems, as well as the support of four venture partners and experienced business angels: Sandra Armstrong (ex-LVMH, Firmenich), Jean-François Drweski (Amazon Web Services, ex-50 Partners), Didier Kuhn (50 Partners, +80 operations), and Julia Perroux (50 Partners, Good Goût, Unilever).
For more information: www.ringcp.com
Press Contacts
OFFROAD
contact@offroad.works
Axeleo Capital
Dimitri Kremp – dkremp@axc.vc
ISAI
Kablé Communication
Catherine Kablé – catherine.kable@kable-communication.com – +33 6 82 25 73 85
Illy Benyoussef – illy.benyoussef@kable-communication.com – +33 6 28 09 65 41
Ring Capital
Victoire Cruanes-Lubrano – victoire.cruanes-lubrano@ringcp.com – +33 6 65 07 66 86