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Global growth equity investor Summit Partners led a $90 million minority investment in Odoo, the leading open source all-in-one business software. Odoo’s executive management team, existing investor SRIW and its affiliate Noshaq also participated in the round.

This investment from a tier one US private equity investor in a Belgium-based company highlights Clipperton’s expertise in cross-border transactions.

SaaS is a key focus for Clipperton and this transaction strengthens its expertise in the field.