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- Odoo
Odoo Revenue, Valuation, Funding & Investors
Odoo is valued at $8.1B as of January 2026, a 11.3x multiple on its last reported $712M revenue.
Last Odoo valuation
$8.1B
Secondary · Jan 2026
Last Odoo funding round
$164M
Undisclosed stage · Jun 2023
Odoo revenue
$712M
Secondary · Jan 2026
Key investors in Odoo
Summit Partners
AVP
Alkeon Capital
S.R.I.W.
Sequoia Capital
General Atlantic
About Odoo
Odoo is a Grand-Rosière-headquartered open-source suite of integrated business applications. Founded in 2005, it encompasses CRM, eCommerce, accounting, inventory, manufacturing, and HR modules that interconnect for streamlined operations. The platform powers small to large enterprises globally, with community and enterprise editions deployable on-premises or in the cloud.
Founded
2005
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Licensing
Revenue
$712M (Jan 2026)
Valuation
$8.1B (Jan 2026)
Odoo Valuation
Odoo is currently valued at $8.1B, based on its secondary sale in January 2026.
The $71M round included AVP and Alkeon Capital.
Odoo's valuation has grown 4.0x from $2B at its undisclosed-stage round in July 2021 to $8.1B in January 2026, across 5 priced rounds.
Odoo valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2026 | Secondary | $8.1B | 11.3x |
| Nov 2024 | Secondary | $5.8B | - |
| Jun 2023 | Undisclosed stage | $8.1B | - |
| Jun 2022 | Undisclosed stage | $3.4B | - |
| Jul 2021 | Undisclosed stage | $2B | 11.1x |
Odoo Revenue
Odoo's latest recorded revenue is $712M, as of its secondary sale in January 2026. At a $8.1B valuation, that implies a 11.3x revenue multiple.
Revenue grew from $184M in July 2021 to $712M in January 2026, while the revenue multiple moved from 11.1x to 11.3x.
Odoo revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2026 | $712M | $8.1B | 11.3x | Secondary |
| Jul 2021 | $184M | $2B | 11.1x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Odoo Funding History
Odoo has raised a total of $506M across 4 funding rounds, plus 3 secondary share sales.
Odoo's first fundraising round was a $10M Series B in May 2014. The most recent completed round was a $164M undisclosed-stage round in June 2023.
Odoo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Secondary | AVP; Alkeon Capital | $71M | $8.1B | Odoo S.A. is a leading provider of integrated business software for small and medium-sized enterprises, offering an open-core model with applications covering finance, sales, HR, and marketing, serving over 170,000 customers across five continents in 190 countries. On January 16, 2026, AVP and Alkeon completed a €60 million secondary transaction in Odoo at a valuation exceeding €7 billion, involving existing management vehicles selling and rolling a portion of their shares. This follows a €500 million secondary round in November 2024 led by CapitalG and Sequoia Capital, which valued Odoo at €5 billion, with participation from BlackRock, Mubadala, HarbourVest, AVP, and Alkeon. Odoo demonstrated strong growth in 2025, reporting $712 million in revenue, up 23% year-over-year, and $554 million in annual recurring revenue, up 46% year-over-year, alongside expanding to 7,089 employees worldwide. The company surpassed €650 million in billings, launched Odoo 19 with native AI features, and grew its partner network to 10,000, supporting over 250,000 jobs. Odoo maintains profitable growth exceeding 40% annually and projects €1 billion in revenue by 2027. |
| Nov 2024 | Secondary | CapitalG (lead); Sequoia Capital (lead); AVP; BlackRock; Mubadala; Alkeon Capital; HarbourVest Partners | $529M | $5.8B | Odoo S.A., a Louvain-la-Neuve, Belgium-based provider of integrated business software including ERP applications for SMBs, completed a €500 million secondary share transaction on November 20, 2024, valuing the company at €5 billion. The deal was led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon Capital. Existing investors Summit Partners, Noshaq, and Wallonie Entreprendre sold portions of their shares, with Summit remaining the largest institutional shareholder. This secondary transaction reflects Odoo's strong financial profile and leadership in the SMB software market, where it offers a suite of over 80 open-source and enterprise applications covering HR, accounting, e-commerce, and more. The company serves over 13 million users across more than 100 countries and adds about 7,000 new customers monthly. Odoo ended 2023 with €370 million in billings, projecting €650 million for 2025 and €1 billion by 2026. Odoo has not raised primary capital since a 2014 Series B round of $10 million and was previously valued at €3.2 billion. The firm reports 40-50% annual growth, cash profitability, and a business model with majority free open-source software and 20% from paid enterprise products. |
| Jun 2023 | Undisclosed stage | General Atlantic (lead) | $164M | $8.1B | Odoo is a Belgian provider of open-source integrated business software applications for small and medium-sized enterprises (SMEs), offering a suite covering finance, sales, HR, marketing, and more, with an open-core model supporting nearly 40,000 applications. General Atlantic first invested in Odoo in 2023 and completed a follow-on investment in January 2026, acquiring an additional minority stake from Wallonie Entreprendre at a €7 billion valuation, with Wallonie retaining a 3% stake. This secondary transaction, also involving AVP and Alkeon in some reports as a €60m round, underscores Odoo's profitable growth across 180 countries, serving over 170,000 paying customers, with top 15 markets expanding over 30% year-on-year. The investment supports scaling operations, go-to-market strategies, and international expansion, highlighted by Odoo 19's AI features accelerating adoption. |
| Jun 2022 | Undisclosed stage | Summit Partners (lead) | $117M | $3.4B | Odoo is a Belgium-based provider of integrated business software offering a comprehensive suite of applications for small and medium-sized businesses. The company's platform includes tools for accounting, manufacturing, project management, HR, inventory, marketing, and website building, along with an app store containing over 30,000 applications. In June 2022, Odoo completed a private equity round led by Summit Partners, raising €112 million to further develop its product suite and enter new markets. The company had grown to approximately 1,700 employees worldwide and achieved consistent growth exceeding 50% annually over a ten-year period. Odoo serves over 13 million users globally and adds approximately 7,000 new clients monthly, with a presence across multiple international offices including operations in Belgium, Luxembourg, USA, India, Mexico, Hong Kong, and Dubai. |
| Jul 2021 | Undisclosed stage | Summit Partners (lead) | $215M | $2B | Odoo, a Belgium-based provider of open-source all-in-one business software including ERP, CRM, inventory management, HR, accounting, manufacturing, project management, marketing, and website builder, raised approximately $215 million (or €180 million) in a secondary funding round on July 29, 2021, led by Summit Partners. This transaction allowed Summit Partners to acquire shares from early investors Sofinnova Partners and XAnge, marking Odoo's first unicorn status as the inaugural IT unicorn in Wallonia, Belgium. The round valued the company at over $2.3 billion according to TechCrunch, while other sources described it as 'unicorn-sized' exceeding $1-2 billion, with no new cash injected into the company as Odoo is profitable and bootstrapped to scale since 2005 with minimal prior funding of €10 million. The investment supports Odoo's next growth phase amid sustained expansion, with average billing growth over 50% annually for the past decade (and 63% over 15 years), 7 million users, 1,700 employees planning to add 1,000 more that year, and expected 2021 billings of €160 million. Summit Partners, having led a prior $90 million round in 2019, strengthened its position as a major shareholder without taking majority control. Han Sikkens joined the board alongside existing director Antony Clavel, emphasizing Odoo's potential to challenge giants like SAP, Microsoft Dynamics, and Oracle through its open-source model and community focus. This 2021 round followed Summit's initial 2019 investment and preceded further transactions including a 2022 Summit-led round and a 2024 €500 million secondary deal led by CapitalG and Sequoia Capital that elevated valuation to €5 billion, with Summit retaining its largest institutional shareholder status. Odoo's profitability and organic growth trajectory underscore its appeal in the business software market. |
| Dec 2019 | Secondary | Summit Partners (lead); Noshaq; S.R.I.W. | $90M | - | Odoo is a Belgium-based leader in open-source all-in-one business software, providing solutions for ERP, CRM, inventory management, HR, marketing, and more, with over 4.5 million users worldwide as of December 2019. On December 17, 2019, Odoo closed a $90 million minority investment led by Summit Partners, with participation from Odoo's executive management team and existing investors SRIW and its affiliate Noshaq. This marked Summit Partners' initial equity investment in the company, with Antony Clavel joining the Odoo board. Prior to this deal, Odoo had raised just €10 million across two early rounds since its bootstrapped founding in 2005. The transaction supported Odoo's rapid product development and global expansion, positioning it to disrupt traditional ERP providers like SAP, Microsoft Dynamics, and Oracle. |
| May 2014 | Series B | Sofinnova Partners (lead); S.R.I.W.; XAnge | $10M | - | Odoo (formerly OpenERP), a Belgium-based developer of open-source business applications for SMBs and large corporations, raised $10 million in a Series B funding round in May 2014. The round was led by Sofinnova Partners, with participation from XAnge, SRIW, and the management team. Funds were intended to grow the sales force, accelerate international expansion, and pursue R&D efforts. This followed an earlier Series A round of EUR 3 million in February 2010, also led by Sofinnova Partners, aimed at expanding open-source business software development. The 2014 round supported Odoo's evolution into a suite of simple, affordable business applications covering professional needs. |
Who has invested in Odoo?
13 investors have backed Odoo across its funding rounds, including Summit Partners, AVP, Alkeon Capital, S.R.I.W., Sequoia Capital and General Atlantic.
Lead investors include CapitalG, Sequoia Capital, General Atlantic, Summit Partners and Sofinnova Partners.
Odoo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2019 | ||
| 2 | Participant | May 2014 | ||
| 2 | Participant | Nov 2024 | ||
| 2 | Participant | Nov 2024 | ||
| 1 | Participant | Dec 2019 | ||
| 1 | Lead | May 2014 | ||
| 1 | Lead | Jun 2023 | ||
| 1 | Participant | Nov 2024 | ||
| 1 | Lead | Nov 2024 | ||
| 1 | Lead | Nov 2024 | ||
| 1 | Participant | May 2014 | ||
This data is available for Pro users. Sign up to see all 13 Odoo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOdoo Competitors
Odoo competitors include listed companies like Oracle Corp Japan, Sage, ServiceTitan and Yonyou Hong Kong, and private ones like OutSystems and Pennylane.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.8B | $589M | $7.7B | 3.9x | ||
| Publicly listed | $3.4B | $1B | $12B | 3.9x | ||
| Publicly listed | $961M | ($86M) | $5.2B | 4.5x | ||
| Publicly listed | $1.4B | $27M | $4.8B | 3.7x | ||
| Private | $486M | - | $4.3B | 8.8x | ||
| Private | $115M | - | $4.3B | 37.0x |
Odoo Public Comps
Odoo is still privately-owned, but its public comps include Oracle Corp Japan, TechnologyOne, ServiceTitan, Yonyou Hong Kong, Sage, TOTVS, Kingdee, Tyler Technologies, OBIC and Freee.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.8B | $589M | 3.9x | 3.9x | 12.1x | 12.2x | |||
| $426M | $182M | 15.4x | 13.7x | 36.1x | 30.8x | |||
| $961M | ($86M) | 5.0x | 4.5x | (55.8x) | 25.5x | |||
| $1.4B | $27M | 3.9x | 3.7x | 199.0x | 73.9x | |||
| $3.4B | $1B | 4.2x | 3.9x | 13.6x | 14.5x | |||
| $1.1B | $318M | 3.9x | 3.2x | 13.7x | 12.1x | |||
| $1B | $95M | 2.7x | 2.5x | 29.9x | 24.2x | |||
| $2.3B | $543M | 6.2x | 5.8x | 26.6x | 20.4x | |||
This data is available for Pro users. Sign up to see all Odoo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Odoo
| When was Odoo founded? | Odoo was founded in 2005. |
| Where is Odoo headquartered? | Odoo is headquartered in Brussels, Belgium. |
| Is Odoo publicly listed? | No, Odoo is a private, VC-backed company. |
| What is Odoo's valuation? | Odoo was last valued at $8.1B in its secondary sale in January 2026. |
| How much funding has Odoo raised? | Odoo has raised $506M across 4 funding rounds. |
| What was Odoo's last funding round? | Odoo's last funding round was a $164M undisclosed-stage round in June 2023, led by General Atlantic. |
| Who are Odoo's investors? | Odoo's investors include Summit Partners, S.R.I.W., AVP, Alkeon Capital, Noshaq, Sofinnova Partners, General Atlantic, BlackRock, CapitalG, Sequoia Capital and 3 others. |
| What is Odoo's revenue? | Odoo's latest recorded revenue is $712M (January 2026). |
| What is Odoo's revenue multiple? | Odoo's latest valuation implies a 11.3x revenue multiple ($8.1B valuation on $712M of revenue). |
| Which companies are comparable to Odoo? | Companies comparable to Odoo include Oracle Corp Japan, Sage, ServiceTitan, Yonyou Hong Kong, OutSystems and Pennylane. |
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