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CapitalG and Sequoia Capital lead €500 million investment in Odoo S.A.

Nov 22, 2024•over 1 year ago

Contract Type

partnership

Louvain-la-NeuveSoftwareAdministrative Services

Description

Odoo S.A. announced a €500 million transaction led by CapitalG and Sequoia Capital, with participation from several other investors, reflecting strong confidence in the company’s vision and impact. This partnership underscores Odoo’s leadership position in the SMB software ecosystem and highlights the company’s continued momentum in reshaping the business software landscape with innovative, accessible solutions for companies worldwide.

Company Information

Company

Odoo

Location

Louvain-la-Neuve, Wallonie, Belgium

About

Odoo is an open-source suite of integrated business applications actively programmed, supported, and organized by Odoo SA. Odoo is similar to many open-source projects where customized programming, support, and other services are provided by an active global community and partners network. The community is comprised of more than 1,500 active members and has contributed more than 4,500 modules to the ongoing enrichment of Odoo. The network of certified partners, established in more than 120 countries, deploys the solution locally. The software, with more than 1,500 downloads a day, is one of the most frequently installed business suites worldwide.

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