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

Odoo S.A., a Belgian provider of integrated management software, announced a €500 million transaction 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.

Since its founding in 2002, Odoo has developed a comprehensive suite of management applications for SMEs, now counting over 13 million users and attracting more than 7,000 new customers each month. The company shows an annual growth of 40% and expects to exceed €650 million in revenue over the next 12 months, with a goal of reaching €1 billion by 2027.

This transaction reflects investors' confidence in Odoo's vision and impact, reinforcing 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 to strengthen its global presence and accelerate innovation in its product offering.

See the full article: PR Newswire

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 goal 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 offering 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