Odoo - About the company
Odoo is a series E company based in Brussels (Belgium), founded in 2005 by and . It operates as a Cloud-based open-source enterprise resource planning software. Odoo has raised $483M in funding from investors like Summit Partners, Sofinnova Partners and General Atlantic, with a current valuation of $5.3B. The company has 674 active competitors, including 98 funded and 65 that have exited. Its top competitors include companies like JFrog, OutSystems and DigitalOcean.
Sectors and market segments that Odoo operate in
Odoo serves in the B2B, SaaS space.Company Details
Cloud-based open-source enterprise resource planning software provider. Its customized programming, support, and other services are provided by an active global community and partner network. Features of applications include CRM, Accounting, Project Management, HR, Procurement, Point of Sale, MRP, and Marketing. It enables user access to a subscription-based pricing module. Clients include Sky Creative, AI Sayafe Medical, Hotsplots, Muscat Media Group, and Asfir.
- Website
- Social
- Email ID
- @odoo.com
- Phone Number
- +32
Key Metrics
Founded Year
2005
Location
Brussels, Belgium
Stage
Series E
Total Funding
in 5 rounds
Latest Funding Round
Post Money Valuation
as on Nov 20, 2024
Investors
Ranked
1st among 674 active competitors
Annual Revenue
as on Dec 31, 2023
Employee Count
as on Dec 31, 2022
Similar Companies
JFrog &
Legal entities associated with Odoo
Odoo is associated with 3 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
$161M (as on Dec 31, 2022) | 751 | 899 | ||
Feb 28, 2023 | - | 200 | 233 | |
Jul 04, 2016 | - | 486 | 915 |
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Odoo's funding and investors
Odoo has raised a total funding of $483M over 5 rounds. Its first funding round was on Jan 2010. Its latest funding round was a Series E round on Jun 26, 2023 for $163M. 1 investor participated in its latest round, lead by General Atlantic.
Odoo has 11 institutional investors including Summit Partners, Sofinnova Partners and General Atlantic.
Here is the list of recent funding rounds of Odoo:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jun 26, 2023 | $163M | Series E | $3.37B | - | |
Jul 29, 2021 | $215M | Series D | $2.3B | - | |
Dec 17, 2019 | $90M | Series C | - | - |
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Odoo's founders and board of directors
The founders of Odoo are and . is the CEO of Odoo. has founded 2 more companies - Odoo ERP and AdSpike. has founded 1 more company - Riau Programmer.
View details of Odoo's Founder profiles and Board Members
Odoo's employee count trend
Odoo has 945 employees as of Dec 22. The total employee count is 18.0% more than what it was in Dec 21. Here is Odoo's employee count trend over the years:
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Top competitors of Odoo include JFrog, OutSystems and DigitalOcean. Here is the list of Top 10 competitors of Odoo, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  2005, Brussels (Belgium), Series E | Cloud-based open-source enterprise resource planning software | $483M | Summit Partners, General AtlanticÌý&²¹³¾±è;Ìý | 78/100 |
2nd |  JFrog 2008, Sunnyvale (United States), Public | Cloud based suite of devops solutions | $226M | Meritech, Battery VenturesÌý&²¹³¾±è;Ìý | 79/100 |
3rd | OutSystems 2001, Linda A Velha (Portugal), Series F | Low code application development platform | $803M | CPP Investments, General AtlanticÌý&²¹³¾±è;Ìý | 78/100 |
4th | DigitalOcean 2011, New York City (United States), Public | Cloud based integrated application development platform | $174M | HTIF, Access IndustriesÌý&²¹³¾±è;Ìý | 75/100 |
5th | Heroku 2007, San Francisco (United States), Acquired | Saas based provider of integrated platform as a service solutions | $17M | Redpoint Ventures, Baseline VenturesÌý&²¹³¾±è;Ìý | 74/100 |
6th | Skytap 2006, Seattle (United States), Acquired | Cloud based continuous application delivery management solution | $128M | Goldman Sachs, W Capital PartnersÌý&²¹³¾±è;Ìý | 73/100 |
7th | CARTO 2012, New York City (United States), Series C | Cloud based integrated solutons for software development | $92M | Insight Partners, Ìý&²¹³¾±è;Ìý | 72/100 |
8th |  Progress 1981, Bedford (United States), Public | Platform offering IDE based application development software | - | August Capital, Sequoia CapitalÌý&²¹³¾±è;Ìý | 68/100 |
9th | CollabNet 1999, San Francisco (United States), Acquired | Enterprise Cloud Development and Version Control | $60.1M | Benchmark, Norwest Venture PartnersÌý&²¹³¾±è;Ìý | 68/100 |
10th |  Komodor 2020, Rockville (United States), Series B | Cloud and K8 based Kubernetes native monitoring and troubleshooting platform provider | $72M | Felicis Ventures, PitangoÌý&²¹³¾±è;Ìý | 67/100 |
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Odoo's Investments and acquisitions
Odoo has made no investments or acquisitions yet.
Reports related to Odoo
Here is the latest report on Odoo's sector:
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News related to Odoo
Media has covered Odoo for a total of 13 events in the last 1 year, 8 of them have been about partnerships and 3 about company updates.
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Newswire•Aug 22, 2024•Odoo,
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Odoo•Jun 26, 2024•Odoo,
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Odoo•May 28, 2024•Odoo,
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Odoo
When was Odoo founded?
Odoo was founded in 2005.Where is Odoo located?
Odoo is located in Brussels, Belgium.Is Odoo a funded company?
Odoo is a funded company, its first funding round was on Jan 2010.When was the latest funding round of Odoo?
Odoo's latest funding round was on Jun 26, 2023.How much is Odoo worth?
The latest valuation of Odoo is $5.3B as on Nov 20, 2024.What is the annual revenue of Odoo?
Annual revenue of Odoo is €324²Ñ as on Dec 31, 2023.Is Odoo a Open Source company?
The primary sectors of Odoo are Open Source, Enterprise Resource Planning, Build Tools, PaaS and DevOps.Our Lite Plan Awaits you - Its Free!
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