Odoo is profitable and has been so for years, CEO and founder Fabien Pinckaers explained in an interview earlier, and so it didn’t need to raise more cash by giving away more equity.

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As of 2025, more than 21,000 companies around the world are using Odoo for their ERP needs. This shows how popular Odoo ERP implementation has become across different industries.

Odoo, which was founded back in April 2002, is the brainchild of Fabien Pinckaers, who founded the company from his farm. He now lives in India, steering the business from there.