Odoo S.A. announces a transaction of 500 million euros, valuing the Belgian unicorn at 5 billion euros.

Odoo S.A., a Belgian provider of integrated management software, announced a transaction of 500 million euros led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon. This operation values the company at 5 billion euros.

Since its founding in 2002, Odoo has developed a comprehensive suite of management applications for SMEs, currently counting more than 13 million users and attracting over 7,000 new customers each month. The company shows an annual growth of 40% and expects to exceed 650 million euros in revenue in the next 12 months, with a goal of one billion euros by 2027.

This transaction reflects investors' confidence in Odoo's vision and impact, strengthening its position as a leader in the SME software ecosystem. Existing investors, such as Summit Partners, Noshaq, and Wallonie Entreprendre, have sold part of their shares, with Summit remaining the main institutional shareholder.

Odoo plans to open five new subsidiaries over the next three years in Europe, Latin America, and Asia-Pacific, in order to strengthen its global presence and accelerate innovation in its product offering.

See the full article:PR Newswire

Odoo, a Belgian company specializing in management software for small and medium-sized enterprises (SMEs), has reached a valuation of $5.3 billion during a secondary stock sale.

This transaction was led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, Alkeon Capital, and Alpha VC. Existing investors, such as Summit Partners, Noshaq, and Wallonie Entreprendre, sold part of their shares, with Summit Partners remaining the main institutional shareholder.

Odoo offers a suite of applications covering various aspects of business management, including accounting, sales, human resources, and marketing. With over 13 million users worldwide, the company is experiencing an annual growth of 40% and expects a revenue of 650 million euros in the next 12 months, with a target of one billion euros by 2027.

This fundraising will allow Odoo to expand its global presence by opening five new subsidiaries in Europe, Latin America, and Asia-Pacific over the next three years. The company also plans to accelerate innovation in its product offerings to better serve SMEs.

This transaction reflects investors' confidence in Odoo's vision and impact, strengthening its position as a leader in the SME software ecosystem.

See the full article in English:CNBC