What is Odoo?
Odoo provides a comprehensive suite of integrated business applications designed to streamline operations for organizations of all sizes. By offering a modular architecture, the company enables businesses to access essential software tools—ranging from CRM and accounting to inventory management—that can be scaled according to specific operational requirements. Its unique model, which combines a core set of regularly upgraded applications with a vast community-contributed ecosystem, has established Odoo as one of the most widely deployed business software solutions globally. The platform serves a diverse clientele, effectively bridging the gap between simple startup tools and complex enterprise resource planning systems.
How much funding has Odoo raised?
Odoo has raised a total of $1B across 6 funding rounds:
Series A
$4.1M
Unspecified
$10M
Unspecified
$90M
Unspecified
$215M
Other Financing Round
$163.7M
Other Financing Round
$525M
Series A (2010): $4.1M with participation from Sofinnova Partners
Unspecified (2014): $10M led by Sofinnova Partners, SRIW, and XAnge
Unspecified (2019): $90M supported by Noshaq, Summit Partners, and SRIW
Unspecified (2021): $215M featuring Summit Partners
Other Financing Round (2023): $163.7M backed by General Atlantic
Other Financing Round (2024): $525M with participation from Mubadala Investment, Noshaq, AXA Venture Partners, Alkeon Capital Management, CapitalG Management, HarbourVest, BlackRock, Summit Partners, and Sequoia Capital
Key Investors in Odoo
Sofinnova Partners
A leading European venture capital firm specializing in life sciences and sustainability, known for its hands-on approach to building transformative companies from seed to later-stage.
SRIW
The economic and financial arm of Wallonia, dedicated to fostering sustainable growth and job creation through strategic investments in digital and deep tech sectors.
XAnge
A European early-stage venture capital firm that empowers visionary founders by bridging tech ecosystems and providing expertise to help startups scale globally.
What's next for Odoo?
Looking ahead, Odoo is positioned to leverage its recent capital infusion to accelerate product development and expand its global footprint. The company's strategic roadmap likely focuses on deepening its cloud-native capabilities and enhancing the interoperability of its application suite to meet the evolving demands of digital transformation. By maintaining its open-source roots while scaling its enterprise offerings, Odoo is well-equipped to capture additional market share in the competitive SaaS landscape. Future initiatives will likely prioritize the integration of advanced analytics and automated workflows, ensuring that the platform remains a central pillar for businesses seeking to optimize their operational efficiency and long-term growth.
See full Odoo company page
