Top invests $215M into Odoo, an open-source organization management software designer, at a $2.3 B+ valuation
Odoo is the very first unicorn out of Wallonia, the area in Belgium where it is based. On the open-source front, Odoo offers a version of its services that is “open source” and complimentary, which Pinckaers stated contains about 80% of all of its features. About 90% of Odoo’s consumer base takes the totally free tier, he said, with just 10% taking the paid, exclusive tier. Its traction with these partners is strong, he added, due to the fact that of the complimentary nature of Odoo (which is not just a contrast to the SAPs, Microsofts and Oracles of the world, but at times a much simpler sell around which a channel partner can supply other paid services). Pinckaers said that Odoo’s next steps will be to continue growing the software application that it offers to users on its platform.”We are thrilled to support the Odoo group for this next stage of development,” Han Sikkens, handling director and head of Europe at Top Partners, stated in a statement….
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