Odoo Announces $90 Million Investment Led by Summit Partners
Summary
New investor Summit Partners joins management and current shareholders, including SRIW, Sofinnova and XAnge in supporting Odoo’s rapid product development pace and continued global expansion. Odoo’s functionality encompasses traditional ERP, including accounting, stock, manufacturing and CRM, as well as broader business needs such as project management, marketing, human resources, website, eCommerce, point-of-sale and more. Founded in 2005, Odoo thrives in a unique and fully open ecosystem combining the resources of its community and partners to deliver a full range of easy-to-use, integrated and scalable business applications. Notable technology and software companies financed by Summit Partners include Acturis, Avast, Darktrace, FLEETCOR, Flow Traders, Infor, Klaviyo, Ogone, RELEX Solutions, Smartsheet and Trintech. SRIW (Société Régionale dInvestissement de Wallonie) provides equity and/or debt to companies that generate added value and employment in Wallonia (Belgium) ($3 billion under management).
Classifications
AskAI Classifications
LabelsLinked Companies
