Belgian unicorn Odoo raised €500 million in secondary capital led by CapitalG and Sequoia Capital, reaching a €5 billion valuation.

Nov 21, 2024•9 months ago

Amount Raised

€500 Million

Louvain-la-NeuveSoftwareAdministrative Services

Investors

Wallonie EntreprendreNoshaqSummit PartnersAlkeonAvpHarbour Vest PartnersMubadala Investment CompanyBlack RockSequoia CapitalCapital G

Description

Odoo, a Belgian provider of integrated business software, has secured €500 million in secondary capital, boosting its valuation to €5 billion. The company has seen significant growth with over 13 million users and aims to exceed €650 million in billings within the next year.

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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