General Atlantic is doubling down on business software. The growth investor announced Friday it's completed a follow-on investment in Odoo SA, an open-source platform that helps small and medium-sized businesses wrangle their software needs into one place.

The firm bought an additional minority stake in Odoo from Wallonie Entreprendre, the investment arm of Belgium's Walloon region. The transaction values Odoo at 7 billion euros, or about $8.1 billion.

Here's what Odoo does: it lets smaller companies consolidate what would otherwise be a mess of different software vendors into a single integrated suite. Think of it as the Swiss Army knife of business applications. General Atlantic first backed the company in 2023 and has since helped Odoo scale operations, sharpen its sales strategy, and push into new markets.

AI Features Accelerate Momentum

Damien Lourtie, chief financial officer of Wallonie Entreprendre and a member of Odoo's board, remains optimistic despite trimming his organization's position. "After this transaction, Wallonie Entreprendre retains a 3 percent equity stake in Odoo, and we continue to see substantial growth potential over the coming years," he said.

The timing makes sense. Odoo's newest version, Odoo 19, has been picking up steam across industries worldwide. General Atlantic pointed to the rollout of natively integrated AI features and the expanding suite of business applications as key drivers behind the momentum.

General Atlantic manages roughly $118 billion in assets as of September 30, 2025, with more than 900 professionals spread across 20 countries. Wallonie Entreprendre, created in 2023 through a merger of several regional entities, provides both equity and debt financing to companies at various development stages.