Odoo is an open-source suite of integrated business applications actively programmed, supported, and organized by Odoo SA. With a global community of over 1,500 active members and more than 4,500 contributed modules, Odoo has become one of the most frequently installed business suites worldwide, with over 1,500 daily downloads. The company's diverse range of applications, including CRM, Sales, Accounting, HR, and Project Management, are all interconnected, providing a comprehensive business solution. As an open-source alternative to various software packages, Odoo is versatile, serving retailers with its POS and offering compatibility with European accounting systems, among other capabilities. Recognized for its innovation and growth, Odoo has earned several awards, including the INSEAD Innovator Award, the Deloitte Technology Fast50 Benelux, the Bossie Award for the Best Open Source Solution, and many more. Established in 2005 and headquartered in Belgium, Odoo has a global presence with offices in the US, Luxembourg, India, Hong Kong, Dubai, and Mexico. The company recently secured a €150.00M Private Equity Round investment from General Atlantic in June 2023, further solidifying its position as a key player in the e-commerce industry. In summary, Odoo's open-source approach, extensive community, and wide range of integrated applications have contributed to its rapid growth and international success in the business software market. Their recent significant investment highlights the confidence investors have in Odoo's future potential.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Private Equity Round | €150.00M | 1 | 26 Jun 2023 | |
Private Equity Round | €112.00M | 1 | 08 Jun 2022 | |
Private Equity Round | $215.00M | 1 | 29 Jul 2021 | |
Secondary Market | $90.00M | 3 | S.R.I.W. | 17 Dec 2019 |
Series B | $10.00M | 3 | S.R.I.W. | 15 May 2014 |