We’re thrilled to share some groundbreaking news: Odoo SA, a renowned provider of integrated open-source business software for small and medium-sized enterprises (SMEs), has secured a €500M investment at an incredible €5B valuation! This milestone highlights the growing recognition of Odoo’s innovative solutions and the transformative power of open-source technology.
Strategic Investment Partners
This milestone is backed by CapitalG (Google) and Sequoia Capital, alongside other world-class investors such as Mubadala, AVP, and BlackRock. Additionally, we’re excited to welcome General Atlantic, a leading global growth equity firm, which has made a strategic investment of approximately €150M to fuel Odoo SA’s ongoing expansion efforts.
These top-tier investors bring unparalleled expertise and resources, affirming that something extraordinary is happening in the world of business software. Open-source solutions like Odoo are reshaping how SMEs manage their operations by integrating transparency, efficiency, and innovation into everyday processes.
The Power of Open Source
Open-source software has already transformed technical markets with solutions like Linux, GitLab, WordPress, and Elastic. Odoo extends this revolution into business operations, serving professionals from a wide array of fields, including accountants, inventory managers, marketers, shopkeepers, and project managers.
The success of Odoo demonstrates the immense potential of open-core business models to bring innovation into the heart of business operations and empower organizations of all sizes.
A Milestone for Odoo
While this exciting news showcases the strength of our open-source model, it’s important to note that this transaction will not directly impact Odoo’s daily operations or our vibrant community. Odoo remains profitable, independent, and focused on organic growth, with no need for additional cash injection to sustain our rapid expansion.
This secondary transaction primarily allows our historical investors, including Summit Partners and Belgian public funds (WE & Noshaq), to sell approximately 20% of their shares. We’re particularly proud to see the Walloon public funds realize a capital gain of €140M, further contributing to economic growth in Belgium.
Looking Ahead
This investment is a strong signal that open-source solutions are reshaping the future of business software. With the support of General Atlantic and our other esteemed investors, Odoo is well-positioned to continue its mission of delivering cutting-edge, integrated software solutions to SMEs worldwide.
We’re incredibly proud of this achievement and excited to continue empowering businesses with the tools they need to succeed. Here’s to a future driven by collaboration, innovation, and the power of open source!
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