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Odoo's Valuation boosted to $5.3 billion

February 2, 2025 by
Odoo's Valuation boosted to $5.3 billion
For Him Consulting, John Neighbors

From the source article:

Odoo, a Belgian startup taking on SAP in enterprise software, has raised its valuation to €5 billion ($5.3 billion) following a secondary share sale led by Alphabet’s venture fund, CapitalG, and Sequoia Capital.

With more than 5 million users globally, Odoo stands as the world’s most-installed business software. The company specializes in open-source, all-in-one solutions tailored for small and medium-sized enterprises (SMEs). Offering over 80 applications, Odoo’s platform supports a wide range of business operations, including accounting, customer relationship management, HR, e-commerce, and beyond.

We first reported on Odoo in 2019 when the company secured a $90 million minority investment to accelerate product development and expand internationally. That round was led by Summit Partners, with participation from Odoo’s executive team and existing backers SRIW and Noshaq.

Odoo’s offerings go beyond traditional ERP capabilities like accounting, inventory, manufacturing, and CRM. The software suite also addresses broader business needs, including project management, marketing, website building, e-commerce, and point-of-sale solutions. This flexibility has positioned Odoo as a versatile and scalable choice for businesses worldwide.

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Alphabet’s VC arm and Sequoia back Belgian startup Odoo, boosting SAP rival’s valuation to $5.3 billion - Tech Startups

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Odoo's Valuation boosted to $5.3 billion
For Him Consulting, John Neighbors February 2, 2025
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