Alphabet's VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion Odoo, an enterprise software startup rivalling SAP, boosted its valuation to $5.3 billion in a secondary share round led by Alphabet's VC fund and Sequoia.

Boom! 🚀 #Odoo hits a €5 billion valuation with €500M investment from #CapitalG & #SequoiaCapital. From bold challenger to #ERP innovator, we’ve been proud believers - and leading Odoo implementation partner - since 2011. Congrats to Fabien & the team! #TechUnicorn

Riding high on open source ERP, Odoo raises $527M via secondaries lifting its valuation to $5.26B Belgium-based Odoo decided to use open-source tools as a way to attack the enterprise resource planning (ERP) software market, going up against giants like SAP. Fast forward a couple of decades and it’s now picking up €500 million in secondary investment…

Riding high on open source ERP, Odoo raises $527M via secondaries lifting its valuation to $5.26B