Blueprint Partners announces an investment of €5.5 million in TEKYN led by Otium and Bpifrance. TEKYN, a fashion tech startup, has finalized this fundraising with Otium and the Tech & Touch fund, managed on behalf of the State by Bpifrance as part of the Future Investment Program (PIA). The startup has thus raised nearly €9 million since 2018 to enable the development and deployment of its 4.0 digital production platform for the transformation of textile production.
Created in 2017 by Pierre de Chanville and Donatien Mourmant, TEKYN delivers a SaaS solution allowing brands to move to “on demand” production in a progressive and secure manner:
TEKYN thus enables brands to achieve the flexibility and efficiency necessary for their transition towards sustainable and responsible fashion.
The “on demand” production capacity offered by the TEKYN platform aims to eliminate the phenomenon of overproduction and make all players in the sector very agile. The issue of overstocks, a structural problem of the traditional supply model, was exacerbated by the lockdowns and forced closures that marked 2020, to the point of weakening the entire textile industry.
Many leading brands such as Petit Bateau, IKKS, La Redoute, PROMOD, 1083 or Cyrillus are now partners of TEKYN. They are fundamentally convinced by the need to digitalize to optimize their production and strengthen their links with all the players in the sector: workshops, fabric and accessory suppliers, logisticians, etc.
With TEKYN's “on demand” platform, they immediately access numerous benefits, such as:
At the same time, they massively reduce the high social and environmental cost of the traditional model.
As recent studies report, companies in the sector must continue to develop this demand-driven sales dynamic to increase their full-price sales and reduce their inventory levels.
With this new fundraising, the company based in Saint-Denis, France, and bringing together 45 employees, continues its development in Europe to transform a textile production market of more than 100 billion euros per year. TEKYN will significantly strengthen its teams in order to meet the growing demand of European customers for more efficient and more sustainable manufacturing.
“Thanks to this new fundraising led by Blueprint, TEKYN plans to strengthen its teams. This will allow TEKYN partners to produce half a million parts on demand in 2021, in a just-in-time and digitalized flow, throughout Europe!”
Pierre de Chanville
“We are delighted with our transaction carried out with the help of Blueprint Partners. They challenged us on our vision and our model; they took the time to understand our challenges and those of our clients and helped us focus on the essentials. Finally, they are very involved from start to closing with a lot of impact at all stages, including climbing the last few meters: dataroom, negotiations and closing.“
Donatien Mourmant
”TEKYN is a whole team motivated by solving the immense challenges of the textile industry. A very strong, ambitious and experienced collective in Lean, 4.0 and the textile industry. TEKYN capitalizes on its experience week after week and improves its performance very quickly. They will be hard to catch up with.“
Marc Chancerel
