Odoo is raising €500 million in secondary investment to boost R&D and product development, aiming for growth in the competitive ERP market, particularly with AI disruptions.
With over five million users and projected growth to €1 billion by 2027, Odoo is outperforming traditional ERP software companies by leveraging open-source tools.
Odoo has been valued at €5 billion, showcasing significant growth over eight years without needing primary capital, now focusing on AI's impact on ERP systems.
From humble beginnings as an open-source project, Odoo evolved into a versatile business software platform, offering over 80 applications and a vast community-driven app store.
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