Odoo S.A.

What is Odoo S.A.?

Odoo S.A. is a private Belgian software company headquartered in Louvain-la-Neuve. It builds the Odoo integrated business application suite covering ERP, CRM, accounting, e-commerce, and related functions.

Who owns Odoo?

Odoo is controlled by founder and CEO Fabien Pinckaers, who retains majority ownership. Institutional investors including CapitalG, Sequoia Capital, BlackRock, Mubadala, and Alkeon hold minority stakes acquired through secondary transactions.

Is Odoo a public company?

No. Odoo is privately held, and Pinckaers has repeatedly said he has no plans to sell or take the company public.

When was Odoo founded?

The company was founded in 2002 as Tiny sprl, renamed OpenERP in 2005, and renamed Odoo in 2014. Its headquarters have remained in Louvain-la-Neuve throughout.

What is Odoo's valuation?

Pinckaers put the valuation at 10 billion euros in September 2026, following secondary transactions that valued it above 7 billion euros in January 2026 and at 5 billion euros in November 2024.

Is Odoo free?

Odoo operates an open-core model: the Community edition is free and open-source, while the Enterprise edition is a paid subscription product adding commercial features, hosting, and support.

How many customers does Odoo have?

Odoo reported more than 170,000 customers across 190 countries as of early 2026, with the customer base concentrated in small and medium-sized businesses.

Odoo traces its origins to 2002, when Fabien Pinckaers, then a computer science student in Belgium, founded Tiny sprl to build open-source business software. The product launched as TinyERP, an open-source enterprise resource planning system aimed at companies too small for SAP. Pinckaers ran it nearly single-handedly for years, building the codebase and the early community simultaneously.

The company renamed the product OpenERP in 2005 as it matured beyond its origins, then spent the next decade building out the integrated application suite. The strategy was unusual: keep the core open-source to build a developer ecosystem, while charging for the Enterprise edition's additional features, hosting, and support. That open-core model produced a global partner network of implementers who extended and deployed the software while Odoo monetized the commercial layer.

The 2014 rebrand to Odoo marked the transition from developer tool to mainstream business software. Pinckaers has said the name was chosen for its sound rather than meaning, with the story about its origin invented for the press. Growth accelerated sharply through the decade as the suite expanded into CRM, e-commerce, HR, and marketing, and the company grew revenue at roughly 50 percent annually, a pace it maintained for two decades.

The 2020s brought scale and valuation. Odoo's employee count passed 7,000 by 2025, offices opened across Southern Europe, North America, the Middle East, Asia, and Africa, and the company reported FY2025 audited revenue of 545 million euros, up 28 percent, with billings exceeding 650 million euros. Secondary transactions valued the company at 5 billion euros in November 2024, above 7 billion euros in January 2026, and 8.6 billion euros in an internal transaction in February 2026. At Odoo Experience in September 2026, Pinckaers put the value at 10 billion euros, adding that he is not a seller.

Odoo's sustainability profile is defined by its software model rather than environmental programs. The free open-source Community edition provides business software to organizations that could not afford commercial systems, a form of digital access that functions as the company's primary social contribution.

The company does not hold B Corp certification or publish a standalone sustainability report. Its Belgium campus operations and global expansion are standard commercial operations without notable environmental initiatives on record.

Odoo has faced persistent criticism over its open-core model. Community users argue that essential features migrate steadily from the free edition into the paid Enterprise tier, eroding the open-source commitment that built the ecosystem. Partner disputes over implementation pricing and certification requirements surface periodically.

The FY2025 accounting loss of approximately 36 million euros drew scrutiny as a consequence of aggressive growth spending, though the company described it as a deliberate investment choice rather than operational weakness and reported operating income above 50 million euros for the first eight months of 2026. No regulatory enforcement action is on record.