What is Odoo?
Odoo offers a comprehensive suite of easy-to-use business applications designed to support a wide array of operational needs for companies of all sizes, from startups to large enterprises. Its platform includes a core set of regularly upgraded applications, complemented by a vast ecosystem of community-contributed apps. Odoo is recognized globally as one of the most installed business software solutions, particularly for its on-premise offering, demonstrating its widespread adoption and reliability in managing and growing business operations.
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 SRIW, XAnge, and Sofinnova Partners
Unspecified (2019): $90M supported by Summit Partners, Noshaq, 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 HarbourVest, CapitalG Management, Sequoia Capital, AXA Venture Partners, Alkeon Capital Management, Noshaq, BlackRock, Summit Partners, and Mubadala Investment
Key Investors in Odoo
Sofinnova Partners
Sofinnova Partners is a leading European venture capital firm specializing in life sciences, with a focus on healthcare and sustainability. They are known for their hands-on approach as company builders across the entire value chain of life sciences investments.
Summit Partners
Summit Partners is an equity investment company founded in 1984, focused on investing in entrepreneurial companies. They are headquartered in Boston, Massachusetts.
SRIW
Wallonie Entreprendre (formerly SRIW) is the economic and financial tool of Wallonia, dedicated to supporting the entrepreneurial fabric of the region through financing, guarantees, and expertise, focusing on emerging sectors.
What's next for Odoo?
With its latest major enterprise-level funding, Odoo is strategically positioned to accelerate its growth and enhance its product offerings. The company is likely to invest in further developing its core applications, expanding its community app ecosystem, and strengthening its global market presence. This capital will also support Odoo's ongoing efforts to provide scalable and integrated business solutions, aiming to solidify its leadership in the competitive business software landscape and drive innovation across its platform.
See full Odoo company page
