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source enterprise resource planning softwareCNBC
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77% Informative
Odoo, a Belgium -based company that develops open-source enterprise resource planning software, boosted its valuation to 5 billion euros ( $5.3 billion ) in a secondary share round led by CapitalG and Sequoia .
Odoo had billings of 370 million euros last year and is on track to top 650 million of billings in 2025 — after that, the company is hoping to top the 1 billion-euro billings milestone by 2027 .
Even after selling a portion of its shares, Summit remains Odoo 's largest institutional shareholder. Pinckaers himself has never sold his own personal shares..
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