A consortium of investors completed the acquisition of a minority stake in Odoo for €500m.

A consortium of investors led by CapitalG, a private equity firm under Alphabet, and Sequoia Capital, an American venture capital firm, completed the acquisition of a minority stake in Odoo, an all-in-one business software, for €500m. "Odoo has built an outstanding software company with a unique culture, product suite, and ecosystem. Odoo is a tremendous business already, and it feels like their best days are still ahead. Odoo has the long-term potential to transform the SMB software market and deliver enormous value to customers. We're excited to partner with Fabien and the Odoo team for the long-term," Andrew Reed, Sequoia Capital Partner.