Odoo Secures €60 Million Investment at a €7 Billion+ Valuation

Odoo has received a €60 million secondary investment from AVP (AXA Venture Partners) and Alkeon Capital, bringing the company’s valuation to over €7 billion. The transaction reflects strong investor confidence in Odoo’s direction, performance, and global expansion strategy.

This was a secondary deal, meaning the investment went toward purchasing shares from existing shareholders. Even so, the valuation highlights how significant Odoo’s global footprint has become.

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Rapid Growth Across Global Markets

Odoo continues to see strong adoption across the USA, Europe, India, the Middle East, and other major regions. In the past year, the company has:

• Grown to 170,000+ customers worldwide  

• Crossed €650M+ in billings, maintaining 40%+ annual growth  

• Expanded its workforce by 2,000+ employees across multiple continents  

• Released Odoo 19 with new AI-powered features  

A Rare Position Among Private Software Companies

 Very few private software companies worldwide match Odoo’s scale and growth momentum. Based on headcount and growth metrics, only a handful compare:

 • Databricks  

• Notion  

• Rippling  

• Canva  

• Odoo (the only European-founded company in this group)

Impact for Businesses Worldwide

The investment further strengthens Odoo’s ability to:

• Enhance AI-driven automation  

• Expand localization across India, USA, Europe, and the Middle East  

• Improve core modules such as Accounting, CRM, HR, Sales, Inventory, and Manufacturing  

• Increase global support through new offices