Odoo achieves a € 500 million investment milestone, reaching a € 5 billion valuation — an outstanding milestone for this Belgian tech unicorn! 🚀 Back in 2011, we became one of the first partners of Odoo, then known as #OpenERP, driven by a strong belief in its potential as a user-friendly, intuitive, and cost-efficient ERP solution. Taking on industry giants like SAP and Oracle, Odoo stood out as a bold challenger. Fast forward to today, Odoo secures € 500 million in secondary investment from CapitalG (Alphabet’s growth fund) and Sequoia Capital. This remarkable achievement solidifies its position as a true innovator in the #ERP market. As the leading Odoo implementation partner in the world — and best partner in Europe — we’re incredibly proud to have been part of this journey from the start. A heartfelt thank you to Fabien and the entire Odoo team for your relentless drive and visionary leadership — making the world a more efficient place, one step at a time. Congratulations! 👏 #Odoo #Opensource #OpensourceERP #TechUnicorn #Pentacorn #SequoiaCapital #CapitalG #Alphabet #BelgianUnicorn #BelgianTech #OdooCommunity
Excited to announce a €500M investment in #Odoo at a €5B valuation! 🚀 This operation is led by CapitalG (Google) and Sequoia Capital, with participation from other top-tier investors such as Mubadala, AVP and BlackRock. These are the world’s most respected investors — a strong signal that something is happening... Open Source software has already demonstrated its power to disrupt markets with technical products, for developers — just look at Linux, GitLab, WordPress, and Elastic. It’s now clear that open-source business models (open core) have the power to revolutionize business software as well. Our clients include accountants, inventory managers, shopkeepers, project managers, marketers, and many others — bringing open-source innovation to the heart of business operations. What does this mean for Odoo? While this is great for our Ego, it won’t impact our company, or community. No cash will be injected into Odoo. We just don't need it. Odoo is profitable, independant, and our cash flow allows us to sustain a fast growth, organically. This secondary transaction allows our historical investors, Summit Partners and belgian public funds (WE & Noshaq), to sell ~20% of their shares. More specifically, Waloon public funds realize another plu-value of 140m€! Happy to contribute to our country.
Interim Management: Supply Chain - Operations - Projects Contact : ivan.letar@codore.co +32 478 077 160
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