9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
The Walloon software developer Odoo is valued at five billion euros, putting it at the top of all Belgian tech companies. The Walloon tech company Odoo has raised
The Walloon software developer Odoo is valued at five billion euros, putting it at the top of all Belgian tech companies.
The Walloon tech company Odoo has raised around 500 million euros from a group of top investors. This brings the software developer’s valuation to five billion euros, which is also the highest among Belgian technology companies, writes HLN. This group of investors includes several American venture capital funds, including CapitalG (Alphabet), Sequoia and BlackRock.
Walloon technology company Odoo, which delivers open source software, reached a market value of 3.75 billion euros this summer, well behind Team.blue, the company behind web hosting provider Combell. At that time, Team.blue had a market value of almost five billion euros. Odoo now has a market value of five billion euros, making it the highest valued Belgian technology company.
This market value increased due to a significant investment from several large venture capital funds. New investors include US venture capital funds CapitalG (Alphabet), Sequoia and BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP and Alkeon. Summit Partners, Noshaq and Wallonie Entreprendre are selling part of their shares. Summit remains Odoo’s largest institutional shareholder.
Source: IT Daily
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
