Odoo, a leader in all-in-one business software, announced today that it has closed a $ 90 million minority investment led by global growth equity investor Summit Partners, with participation from Odoo's executive management team and existing investor SRIW. New investor Summit Partners joins management and current shareholders, including SRIW, Sofinnova and XAnge in supporting Odoo's rapid product development pace and continued global expansion.
With more than 4.5 million users worldwide, Odoo is the most installed business software in the world. The company's solutions are designed to support businesses of all sizes, with a flexible, fully-featured, and integrated suite of applications to run and manage all aspects of a business. Odoo's traditional ERP functionality and compasses, including accounting, stock, manufacturing and CRM, as well as broader business needs such as project management, marketing, human resources, website, e-commerce, point-of-sale and more. With a modular approach, Odoo provides affordable, customizable and easy-to-use software that scales with business needs as a company grows.