Odoo is an integrated set of open-source business applications that is actively developed, supported, and managed by Odoo SA, a company based in Grand-rosière, Belgium. In the most recent development, Summit Partners, a global growth equity investor, led a $90 million (or around €80 million) investment in the company. The financial advisory firm Lazard provided advice to Odoo.


The executive management team of Odoo and current investors SRIW and its affiliate Noshaq are further participants. Significantly, the Summit Partners support Odoo's quick product development speed and ongoing global expansion alongside management and current shareholders like SRIW, Sofinnova, and XAnge.

If you're not familiar, Odoo is a collection of open-source business applications that can handle all of your company's requirements, including project management, CRM, eCommerce, accounting, inventory, and point of sale. The most widely used business software in the world, it has about 4.5 million users globally. This platform offers software that is reasonably priced, adaptable, and simple to use as a business grows.
The US, Belgium, Luxembourg, India, Hong Kong, and Dubai all have offices for Odoo. Odoo's community of 20,000 active members worldwide has contributed more than 16,000 apps that address a wide range of business needs in addition to the 30 applications available in Odoo Enterprise. During the past ten years, revenue growth has regularly been above 50% . One of Belgium's top technological success stories is Odoo.

The CEO and Founder of Odoo, Fabien Pinckaers, stated: "I founded Odoo with the intention of making a difference." I wanted to develop software that propels company expansion and alters the course of history. We've got to put in a lot of effort, form a team, and innovate constantly in order to do this. We're only getting started, but I'm really happy of where Odoo is now and the enthusiastic community we've created.

A Principal of Summit Partners who recently joined the Odoo Board of Directors, Antony Clavel, stated:

According to our experience, standard ERP is expensive and frequently falls short of meeting the particular requirements of evolving enterprises. We believe Odoo is best positioned to seize this expansive and appealing market opportunity because of its versatile array of applications and a constant emphasis on product.