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Odoo S.A. announces a €500 million transaction, increasing the Belgian Unicorn's valuation to €5 billion
Since its founding in April 2002 , Odoo S.A. has been dedicated to developing and continuously enhancing a comprehensive suite of management software applications for small and mid-sized businesses. Known for its intuitive and user-friendly design, Odoo empowers companies to focus on what matters most: improving customer satisfaction, driving innovation, optimizing business processes, and scaling operations efficiently.
Odoo S.A. has achieved . The company has strengthened its global presence by establishing 15 subsidiaries and building a network of 7,500 partners worldwide. With this latest investment, .
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The recent launch of Odoo 18, the most advanced iteration of the company's software, on October 2nd , strengthens the company's market position and enhances overall performance and customer experience.
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This €500 million investment exemplifies the international recognition and trust that Odoo has garnered within the investment community. Following investments led by Summit Partners in 2019, 2021 and 2022, this latest round further highlights Odoo's appeal to investors.
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added who has served on the Odoo Board of Directors since Summit's initial investment in 2019. Following this transaction, Summit remains Odoo's largest institutional shareholder.
Odoo does not stop here. For 2025, the unicorn is already expecting , enhancing Odoo's capabilities for research and development, and allowing accelerated innovation in its product offerings.
" " said Sebastien Bruyr , Odoo S.A. Chief Commercial Officer. Odoo's Chief Finance Officer, Alessandro Mazzocchetti , added,
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