5.000.000.000 Valuation. 500 Million invested What does it mean? 1. NOT new money: This is a change of owners in shares. The majority is still with Fabien Pinckaers It is not an injection of cashflow for Odoo; they are still growing organically. 2. A validation of growth: in ~3 years, the evaluation has more than doubled! 2024: 5B 2022: 3.4B 06/2021: 2B 3. A sign of trust: someone paid another investor a VERY BIG sum of money to be part of the journey. For us as partner, this means that more people are willing to take a risk and invest in the brand Odoo.
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.
