January 16, 2026 – AVP and Alkeon announced today a €60m transaction in Odoo S.A. (or “the Company”), a leading provider of integrated business software, at a valuation over €7 billion. This round follows a CapitalG and Sequoia-led round last year, which valued the Company at €5 billion. As part of the transaction, existing management vehicles are selling and rolling a portion of their shares.
The transaction reflects Odoo’s continued strong, profitable growth at over 40% annually and its leadership position in the global Small and Medium-sized Enterprises (SME) software ecosystem. Over the past year, Odoo has reached over 170,000 customers across five continents, surpassed €650 million in billings, launched Odoo 19 introducing natively integrated AI features and welcomed more than 2,000 new Odooers to its team, including in new offices across Southern Europe, North America, the Middle East, Asia and Africa.
Warda Shaheen, General Partner for AVP, added: “Odoo’s commitment to creating an unparalleled product based on a thriving open-core model, coupled with a results-driven culture that values impact over titles, sets it apart. This distinctive energy comes alive at Odoo Experience, where customers, partners, community, and investors collaborate, learn, and celebrate together.”
Mark McLaughlin, General Partner for Alkeon, shared: “Odoo is redefining ERP for the AI era—combining open-source flexibility and AI-native features into an intuitive, all-in-one platform that scales from startup to enterprise. While legacy systems are slow and costly to deploy, Odoo delivers integrated business software that’s fast, affordable, and beautifully designed. We’re excited to double down on Fabien and the Odoo team as they democratize enterprise software for companies of every size.”
About Odoo S.A.
Since its creation in 2002, Odoo has emerged as a leading integrated business solutions’ provider. With its range of integrated, scalable and functional applications, Odoo offers a comprehensive, modular suite that meets the specific needs of every business, making it a suitable solution for organizations of all sizes and sectors, from start-ups to large corporations. With revenues estimated at 650 million euros in 2025, Odoo forecast to reach 1 billion euros by 2027. Odoo employs nearly 7,000 people worldwide, including more than 1,500 in Belgium. In addition, the company has built a network of 10,000 partners, creating more than 250,000 business-related jobs in 190 countries. With 19 offices worldwide (Belgium (5), Luxembourg, Spain, Germany, Hong Kong, India, Australia, USA (2), Mexico, Kenya, Dubai, Indonesia, Brazil, Italy), Odoo serves a global community of 15 million users. For more information, visit the Odoo website at www.odoo.com.
About AVP
AVP is an independent global investment platform dedicated to high-growth, tech companies across Europe and North America. The firm manages more than €2.5 billion in assets across four strategies: venture, early growth, growth, and fund of funds. Its multi-stage platform combines global research with local execution to drive investment. Since its establishment in 2016, AVP has invested in more than 70 technology companies and in over 60 funds through its Fund of Funds strategy. Beyond providing capital, AVP’s dedicated expansion team works closely with founders, offering expertise, connections and resources needed to unlock growth opportunities, and create lasting value through meaningful collaborations. More information at www.avpcap.com.
About Alkeon Capital
Alkeon Capital is a global investment firm that invests in private and public growth and technology companies and category definers. With more than two decades of experience focusing on People and Innovation, Alkeon works closely with disruptive private companies to help them expand their addressable market, scale efficiently, and seamlessly crossover to the public markets. Alkeon’s goal is to be a long-term and accretive partner to all its portfolio companies along their private and public journey. More at www.alkeon.com.
