Great things happen when vision meets teamwork, resilience, and innovation. Today, we are celebrating a big milestone in the Odoo journey, a €500 Million transaction at a €5.26 Billion valuation of Odoo, led by industry giants CapitalG (google) and Sequoia Capital, with the participation of BlackRock, Mubadala, HarbourVest Partners, AXA Venture Partners and Alkeon Capital.

Being an odoo partner, this special achievement holds immense significance for us. It’s not just about a number, it’s a testament to the strength of the Odoo ecosystem, the hard work of Odoo community, and the growing global adoption of 70+ open-source business applications that meet every business need.

For years, Odoo has been a shining example of how open-source innovation can reshape industries. By empowering shopkeepers streamline their operations, accountants, marketers, inventory managers and many more with efficient tools, Odoo has proven that open-source solutions aren’t just for developers, they’re the future of business management.

What Makes Valuation of Odoo Extraordinary?

Unlike most funding rounds, no cash from this deal is going to Odoo. Why? Because Odoo doesn’t need it. It’s already profitable, growing organically, and scaling at an impressive 40% annually. This funding allows historical investors like Summit Partners and Walloon public funds to realize their returns, a rare achievement in today’s market.

The visionary Fabien Pinckaers CEO of Odoo, puts it:

“We just don’t need it. Odoo is profitable, independent, and growing fast. This is a win for our investors, but more importantly, it’s a reflection of what the Odoo ecosystem has accomplished together.”

Odoo Built on Belief

Odoo’s success story isn’t just about technology, it’s about belief. Belief in a mission to revolutionize business management, belief in the power of teamwork, and belief that innovation can be accessible to everyone.

From its early days as an open-source ERP for niche users to a platform now trusted by 13M+ users and 7,000 new clients monthly, Odoo’s journey has been one of perseverance and vision. It’s proof that when a community comes together with a shared purpose, anything is possible.

Pushing Boundaries with Odoo

For Boyang Consultancy Services (ToncentSoft), as proud Odoo partners, this milestone is more than just a moment to celebrate, it’s a moment to reflect. Odoo has empowered us and our 100+ client to unleash the full momentum of business growth and simplify business operations smartly.

This milestone of Odoo is a huge step forward for the ecosystem, showcasing the longevity and scalability of the platform. It’s not just a win for Odoo, it’s a win for every business, user, and partner who has believed in this incredible journey.

We look forward to continuing this journey alongside Odoo, pushing boundaries and driving the future of business management. Bravo for Odoo! 🎉

Want to Learn More?

As an Odoo partner, we’re here to help you explore odoo can transform your business likewe’ve recently helped a key client implement Odoo Manufacturing, driving their digital transformation and streamlining operations.

For FREE product demo, contacts us, or visit: www.boyangcs.com