Odoo S.A. Announces a $526 Million Transaction, Increasing the Belgian Unicorn’s Valuation to €5.26 Billion
Louvain-la-Neuve (Belgium) [Europe], December 2: Odoo S.A., a leading provider of integrated business software, today announced a $526 million transaction led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon. This secondary capital transaction reflects strong confidence in the company’s vision and impact. As part of the transaction, existing investors Summit Partners, Noshaq, and Wallonie Entreprendre are selling a portion of their shares; Summit will remain Odoo’s largest institutional shareholder.Odoo’s goal is to reach 1,052,190,000,28$ in billings by 2027
Projected billings in the next 12 months = 683M$
Summit/Noshaq/Wallonie Entreprendre are selling some of their stakes in Odoo to CapitalG/Sequoia...