Odoo
Open source business suite from Belgium covering accounting, invoicing, inventory, CRM, HR and e-commerce in one system, with a free community edition and a paid cloud version, valued above EUR 7bn in 2026.
| Founded | 2005, Louvain-la-Neuve, Belgium, as TinyERP |
|---|---|
| Founders | Fabien Pinckaers (CEO) |
| Ownership | Private; investors include Summit Partners, Sequoia Capital Heritage, CapitalG and BlackRock; 2026 secondary at more than EUR 7bn |
| Revenue | About EUR 650m in 2025; targeting EUR 1bn in 2027; around 7,600 staff, aiming for 10,000 by end 2026 |
| Customers | Millions of users of the free edition; tens of thousands of paying companies served by a global partner network |
| What it does | Modular apps for accounting, invoicing, bank sync, expenses, inventory, manufacturing, sales, CRM, website and HR, sold as one subscription covering all apps |
| Recent moves | Annual Odoo Experience releases adding AI features across the suite; continued push into the US and hiring at scale in Belgium, India and Mexico |
| Pricing | Free for one app; Standard and Custom plans priced per user per month, with all apps included |
| Markets | Global; strongest in Europe, growing in the US and Latin America |
| Peers | Microsoft Dynamics 365 Business Central, NetSuite, Sage, Xero, Exact |
Why it matters
Odoo has grown to EUR 650 million in revenue and a EUR 7 billion valuation on an open source model, with all-apps pricing that undercuts the modular ERP vendors. For European SMEs it is often the alternative to both the SMB ledgers and NetSuite, and it is the largest software company in Belgium.
Updated September 2026.
Part of Accountio’s accounting technology coverage.
