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Odoo is a leading integrated business solutions provider. It offers a comprehensive, modular suite of scalable apps that meets the specific needs of every bu...
Odoo has raised $482.6M across 5 funding rounds.
Key people at Odoo.
Odoo was founded in 2002 by Fabien Pinckaers (Founder).
Odoo has raised $482.6M in total across 5 funding rounds.
Odoo delivers an integrated suite of open-source business management software, providing a comprehensive platform for diverse operational needs. Its modular design encompasses applications for CRM, e-commerce, accounting, inventory, and project management. This allows organizations to streamline various functions, consolidating disparate software solutions into a single, interconnected system.
The company was founded in 2005 by Fabien Pinckaers, initially named TinyERP. Pinckaers’ insight arose from his need for flexible, affordable business process management software, inspiring him to develop an open-source ERP system. His vision was to create a modular, user-friendly, and customizable platform accessible to businesses.
Odoo serves a broad spectrum of global businesses, from startups to large enterprises, seeking efficient management tools. The company's vision is to democratize business software by providing a powerful, integrated, and open-source solution. It aims to empower organizations with tools that foster growth and operational efficiency through a continuously evolving ecosystem.
Odoo is a leading integrated business solutions provider offering a comprehensive, modular suite of scalable applications designed to meet the specific needs of businesses across various industries. It provides an all-in-one platform that integrates ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), e-commerce, accounting, manufacturing, inventory, project management, and more, enabling companies to streamline operations and improve efficiency. Odoo serves businesses ranging from startups to enterprises, with a modular design that allows users to start with essential apps and scale up as needed. Its open-source foundation combined with proprietary enterprise features makes it highly customizable and adaptable to evolving business requirements. Odoo’s platform supports over 5 million users worldwide and is recognized for its flexibility, affordability, and extensive app ecosystem[1][2][3][4][5].
Odoo was founded in 2004 in Belgium by Fabien Pinckaers, who envisioned simplifying business management by creating a unified software platform that reduces the complexity of managing multiple disconnected tools. Originally named OpenERP, the company evolved from an open-source ERP system into a broader business management suite. Over time, Odoo transitioned to an open core model, offering both free open-source software and subscription-based enterprise editions. Key milestones include the formation of the Odoo Community Association in 2013 to foster collaborative development and a significant $90 million investment raised in 2019. The company has grown rapidly, reaching over 2,200 employees and €282 million in revenue by 2023, while maintaining profitability and expanding its global footprint to over 120 countries[2][3].
Odoo rides the global trend toward digital transformation and integrated business management solutions, addressing the growing demand for scalable, flexible ERP systems that unify multiple business processes. The timing is favorable due to increasing cloud adoption, the need for automation, and the shift toward modular SaaS platforms that reduce IT complexity and cost. Odoo’s open-source roots and extensive app ecosystem position it as a disruptive alternative to traditional ERP giants like SAP, Oracle, and Microsoft Dynamics, especially for small and medium businesses seeking affordable yet powerful solutions. Its influence extends to fostering a vibrant community of developers and partners who contribute to a dynamic marketplace of business applications, accelerating innovation and adoption worldwide[1][2][3][5].
Odoo is poised for continued growth driven by expanding global adoption, ongoing product innovation, and enhancements in user onboarding and automation. Future trends shaping its journey include increased AI-driven automation, deeper integration with third-party cloud services, and further expansion into emerging markets. As businesses increasingly prioritize agility and digital efficiency, Odoo’s modular, open-source approach offers a compelling value proposition. Its influence is likely to grow as it balances enterprise-grade capabilities with accessibility, potentially becoming the go-to platform for integrated business management across diverse industries and geographies[3][4][5].
Key people at Odoo.
Odoo was founded in 2002 by Fabien Pinckaers (Founder).
Odoo has raised $482.6M in total across 5 funding rounds.
Odoo's investors include Tom Hussey, Antony Clavel, Noshaq, Sofinnova Ventures, Damien Lourtie, XAnge, Sofinnova Partners, SRIW, Olivier Sichel, Olivier Rosenfeld, Xavier Niel.
Odoo has raised $482.6M across 5 funding rounds. Most recently, it raised $163.5M Other Equity in June 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 26, 2023 | $163.5M Other Equity | Tom Hussey | |
| Jul 29, 2021 | $215.0M Other Equity | Antony Clavel | |
| Dec 17, 2019 | $90.0M Other Equity | Antony Clavel | Noshaq, Sofinnova Ventures, Damien Lourtie, XAnge |
| May 16, 2014 | $10.0M Series B | Sofinnova Partners, SRIW, XAnge | |
| Feb 17, 2010 | $4.1M Series A | Olivier Sichel | Olivier Rosenfeld, Xavier Niel |