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Total amount raised
$1.18B
Latest funding date
2026-01-16
Location
Odoo has successfully raised funds over 8 rounds, with the latest being a Secondary Market round. The company is backed by 13 investors, including Alkeon Capital and AVP.
What Is Odoo?
Odoo is a private company based in Louvain-la-Neuve, Walloon Brabant, Belgium. It specializes in providing open-source business software, including ERP and CRM solutions. The company operates in various industries such as CRM, Enterprise Resource Planning (ERP), Open Source, and Software.
Founded in 2005, Odoo has grown significantly, employing between 5,001 and 10,000 people. The company offers a suite of business applications designed to be easy to use and fully integrated, catering to diverse business needs.
How Much Funding Has Odoo Raised?
- Round Name: Series A
- Amount Raised: EUR 3,000,000
- Date: January 2010
- Lead Investors: Sofinnova Partners; co-investors: Xavier Niel, Olivier Rosenfeld (Iliad managers)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the development of their open-source business software and support US expansion.
- Round Name: Series B
- Amount Raised: USD 10,000,000
- Date: May 2014
- Lead Investors: XAnge, Sofinnova Partners, SRIW
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, grow the sales force, accelerate international expansion, and enhance R&D.
- Round Name: Secondary Market
- Amount Raised: USD 90,000,000
- Date: December 2019
- Lead Investors: Summit Partners; participants: SRIW, Noshaq, Odoo management team
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and fuel continued global expansion.
- Round Name: Private Equity
- Amount Raised: EUR 180,000,000 (~USD 215,000,000)
- Date: July 2021
- Lead Investors: Summit Partners (exited Sofinnova Partners and XAnge)
- Valuation at Round: Unicorn-sized (undisclosed exact figure)
- Motivation Behind the Round: To accelerate growth and expand market reach globally.
- Round Name: Secondary Market
- Amount Raised: EUR 112,000,000
- Date: June 2022
- Lead Investors: Summit Partners (bought out early investors Sofinnova Partners and XAnge)
- Valuation at Round: EUR 3.2 billion
- Motivation Behind the Round: To buy out early investors and increase Summit Partners' stake to 25%.
- Round Name: Private Equity
- Amount Raised: EUR 150,000,000 (~USD 163,000,000)
- Date: June 2023
- Lead Investors: General Atlantic
- Valuation at Round: EUR 3.2 billion (pre-money)
- Motivation Behind the Round: To support continued global expansion and strategic growth initiatives.
- Round Name: Secondary Market
- Amount Raised: EUR 500,000,000 (~USD 527,000,000)
- Date: November 2024
- Lead Investors: CapitalG, Sequoia Capital; participants: Alkeon Capital, AVP, BlackRock, HarbourVest Partners, Mubadala Investment Company
- Valuation at Round: EUR 5 billion (~USD 5.26 billion)
- Motivation Behind the Round: To provide liquidity to early shareholders (Summit Partners, Noshaq, Wallonie Entreprendre) and fund future growth.
- Round Name: Secondary Market
- Amount Raised: EUR 60,000,000 (General Atlantic stake increase: undisclosed amount)
- Date: January 2026
- Lead Investors: AVP (AXA Venture Partners), Alkeon Capital; General Atlantic also acquired additional minority stake (amount undisclosed) from Wallonie Entreprendre in a concurrent transaction
- Valuation at Round: EUR 7 billion
- Motivation Behind the Round: To provide liquidity to existing shareholders and allow new and existing investors to increase their stakes.
Total Amount Raised: At least EUR 1,105,000,000 (~USD 1.18 billion) based on disclosed funding across all rounds (General Atlantic's January 2026 top-up amount is undisclosed).
Current Valuation: EUR 7 billion (~USD 7.4 billion) as of January 2026
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that participated in Odoo's November 2024 Secondary Market round and co-led the January 2026 secondary round. The firm is known for its focus on technology and growth-stage companies.
- Investment Focus Areas: Technology, growth-stage companies, innovation.
- Notable Investments: Not publicly disclosed.
- AVP (AXA Venture Partners)
- Details: AVP is an independent global venture capital platform focused on high-growth technology companies. They participated in Odoo's November 2024 secondary round and co-led the January 2026 €60M secondary round alongside Alkeon Capital.
- Investment Focus Areas: Technology, innovation, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invested in multiple rounds of Odoo's funding, including the December 2019 secondary market round, the July 2021 private equity round, and the June 2022 secondary market transaction. They focus on growth equity, fixed income, and public equity opportunities.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Avast, McAfee.
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm that led Odoo's June 2023 Private Equity round and in January 2026 acquired an additional minority stake from Wallonie Entreprendre, valuing Odoo at over €7 billion.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Airbnb, Slack, ByteDance.
- CapitalG
- Details: CapitalG is the growth equity investment fund of Alphabet Inc. They co-led Odoo's November 2024 Secondary Market round alongside Sequoia Capital, valuing Odoo at €5 billion.
- Investment Focus Areas: Technology, data, artificial intelligence.
- Notable Investments: Stripe, Lyft, Duolingo.
What's Next for Odoo?
With €150 million in fresh capital, Odoo is poised to seize significant growth opportunities. This financial boost will enable the company to expand its product offerings and penetrate new markets, capitalizing on the robust investment environment in European tech.
Future fundraising seems promising, given the active investment landscape and Odoo's demonstrated potential. However, the company must navigate challenges such as intense competition and the need for continuous innovation to maintain its edge.
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