Odoo

TLDR

Odoo is a Belgian open-source business software suite covering ERP, CRM, e-commerce, accounting, and more, headquartered in Ramillies (Walloon Brabant) and valued at approximately $5.3B following a November 2024 secondary led by CapitalG and Sequoia Capital, with over 5000 employees.

Overview

Founded in 2005 by Fabien Pinckaers and headquartered in Grand-Rosiere, Belgium (with offices near Leuven), Odoo began as TinyERP before rebranding. It has grown into one of the most widely deployed open-source business application suites in the world, competing directly with SAP and Microsoft Dynamics at the SME and mid-market level.

The platform covers over 30 core business applications including accounting, inventory, manufacturing, HR, and marketing automation. Its open-source model combined with a hosted SaaS offering has Driven adoption across more than 100 countries.

Odoo's $3.2B valuation reflects its position as a rare European open-source success at enterprise scale. The company reached profitability without relying heavily on external capital, making it a distinctive example in the Belgian tech ecosystem.

Key People

• Fabien Pinckaers - Founder and CEO

Connections

A flagship reference for Belgian enterprise software internationally. Ecosystem touchpoint for any coverage of open-source business software in Europe.