Odoo S.A. announces a $526 million transaction, increasing the Belgian Unicorn's valuation to EUR5.26 billion
Nov 29, 2024
Louvain-la-Neuve [Belgium], November 29: 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.
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