Odoo Series E 2023

TLDR

Odoo raised $163M in a Series E led by General Atlantic in June 2023 at a EUR 3.2B valuation.

Overview

General Atlantic, the global growth equity firm, led the $163M Series E for Odoo in June 2023. The round valued Odoo at EUR 3.2B, up from $2.3B at its 2021 secondary.

The capital supported Odoo's continued expansion of its open-source ERP and business application suite, which serves millions of users globally across modules spanning accounting, inventory, CRM, and manufacturing.