fromTNW | Investors-Funding
1 day agoOdoo tops 7 billion valuation as General Atlantic increases stake
Belgian business software company Odoo, also a unicorn, has reached a fresh milestone. Growth investor General Atlantic has increased its stake in the firm, buying additional shares from regional backer Wallonie Entreprendre and pushing Odoo's valuation to roughly €7 billion. This move isn't a typical funding round where a company raises new capital. Instead, it's a secondary transaction: General Atlantic bought existing shares that were previously held by Wallonie Entreprendre, the investment arm of Belgium's Walloon region.
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