What is Odoo?
Odoo provides a comprehensive suite of integrated business applications designed to streamline operations and support growth for companies of all sizes. Its offerings span a wide array of business needs, from core functionalities to specialized modules developed by a vibrant community. Recognized globally for its extensive installation base, Odoo is a leading provider of on-premise business solutions, catering to startups and large enterprises alike.
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 XAnge, Sofinnova Partners, and SRIW
Unspecified (2019): $90M supported by SRIW, Noshaq, and Summit Partners
Unspecified (2021): $215M featuring Summit Partners
Other Financing Round (2023): $163.7M backed by General Atlantic
Other Financing Round (2024): $525M with participation from BlackRock, Alkeon Capital Management, HarbourVest Partners, Summit Partners, AXA Venture Partners, Noshaq, Sequoia Capital, CapitalG, and Mubadala Investment
Key Investors in Odoo
BlackRock
BlackRock is a global investment management firm headquartered in New York City, offering a comprehensive range of investment products and services across various asset classes.
Alkeon Capital Management
Alkeon Capital Management is an investment management firm founded in 2002 and headquartered in New York, New York.
HarbourVest Partners
HarbourVest Partners provides clients with private markets investment solutions through fund investing, secondary, and direct co-investments, headquartered out of Boston, Massachusetts.
What's next for Odoo?
With its latest round of financing, Odoo is poised for accelerated growth and innovation. The substantial investment will likely fuel further development of its integrated business applications, enhance its global market reach, and potentially support strategic acquisitions. The company's trajectory suggests a focus on expanding its ecosystem and solidifying its position as a dominant force in the business software landscape.
See full Odoo company page
