PE Deals

General Atlantic invests in Odoo

Odoo is a provider of open-source integrated business software applications for SMEs.

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  • Odoo plans to partner with General Atlantic to support its continued global expansion
  • General Atlantic is a global growth equity firm based in New York
  • The firm managed over $75bnm in assets inclusive of all products as of 31 March 2023

General Atlantic has made a strategic investment of around €150 million in Odoo, a provider of open-source integrated business software applications for small and medium-sized enterprises (SMEs).

Odoo is headquartered in Wallonia, Belgium.

Odoo plans to partner with General Atlantic to support its continued global expansion, according to a release.

“We believe Odoo’s differentiated value proposition for SMEs, together with its global partner network and commitment to product innovation, provides a clear path for continued growth,” said Tom Hussey, principal at General Atlantic.

General Atlantic is a global growth equity firm with over $75 billion in assets under management inclusive of all products as of 31 March 2023. The firm is based in New York.

Morgan Stanley and BNP Paribas Fortis served as financial advisors to General Atlantic.