Odoo
Funding History
| July 2021 Secondary · 07/2021 | $2.3B |
|---|---|
| November 2024 Secondary · 11/2024 | $5.3B |
About
Odoo offers an integrated suite of open-source business applications spanning CRM, e-commerce, accounting, inventory, point of sale, and project management, aimed at giving small and mid-sized companies a single, tightly integrated platform instead of separate point solutions.
- CEO
- Fabien Pinckaers
- Employees
- 8,000+
- Headquarters
- Grand-Rosière, Belgium
- Founded
- 2005
- Website
- Odoo.com
Overview
Odoo is a Belgian business-software company that builds a suite of open-source and proprietary applications covering CRM, accounting, e-commerce, inventory, manufacturing, point of sale, and project management, designed to be tightly integrated and easy for small and mid-sized businesses to adopt.
Founded in 2005 by Fabien Pinckaers as TinyERP, the company was renamed OpenERP in 2008 before rebranding as Odoo in 2014. Odoo publishes a free, open-source Community edition alongside a paid Enterprise edition, and the company has said roughly 90% of its customers use the free tier.
Headquartered in Grand-Rosière, Belgium, with additional offices worldwide, Odoo has grown into one of the most widely installed business-management platforms globally, serving customers across more than 130 countries through a network of thousands of implementation partners.
The company has remained majority controlled by its founder while raising growth capital from institutional investors including Summit Partners, General Atlantic, CapitalG (Alphabet's growth-equity arm), and Sequoia Capital, reaching a valuation above €7 billion by early 2026. Odoo has described itself as cash-flow profitable and has funded much of its expansion through revenue rather than primary capital raises, with recent transactions structured mainly as secondary sales of existing shareholders' stakes.
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