Odoo

• Led a minority investment in 2019 and a €180M follow-on investment in 2021
• Collaborated closely with management to support Odoo’s vision of becoming the global leader in all-in-one business management software
• Supported a pricing initiative aimed at lowering costs for SMBs and increasing addressable market
• Worked with the company’s CFO to help expand the FP&A function and enhance reporting and financial controls
• Summit’s PPG engaged with Odoo’s marketing team in an effort to optimize online / offline strategy
• Supported the company on packaging initiatives, including vertically focused product packages designed to streamline customer onboarding and enable industry-targeting marketing initiatives
• Maintained a trusted, collaborative partnership with the board, existing investors and management, helping to drive alignment on key priorities as the business has rapidly scaled
• Worked closely with management on successive financings, including a €500 million funding round led by CapitalG and Sequoia Capital in 2024
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Since Summit’s investment, Odoo has maintained a trajectory of strong and profitable growth, expanding its reach to more than 15 million users and 16,000 partners across 160+ countries. The company’s continued innovation, including the introduction of AI-powered capabilities, verticalized modules and a more intuitive user experience,  has helped reinforce Odoo’s position as a global leader in integrated business software. In 2024, Odoo secured a €500 million investment led by CapitalG and Sequoia Capital, which we believe underscores the company’s scale, durable growth model and global brand strength. Summit remains Odoo’s largest institutional shareholder as the company continues to focus on building and delivering full-featured, tightly integrated software for businesses of all sizes.

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^{Certain statements about Summit Partners made by Fabian Pinckaers herein are intended to illustrate Summit Partners’ business relationship with Odoo, and Mr. Pinckaers, including with respect to Summit Partners’ role as a business partner, rather than reflect Summit Partners’ capabilities or expertise with respect to investment advisory services.  Mr. Pinckaers was not compensated in connection with his participation or statements; however, he has received and continues to receive compensation in connection with his employment at Odoo. Mr. Pinckaers is not an investor in a Summit fund but may have conflicts arising from his current role with Odoo due to Odoo’s relationship with Summit.}  

^{Further, the information presented herein represents the views and opinions of Summit Partners as well as present executives of Odoo, which is inherently uncertain and based on a number of assumptions. Such information should not be construed or relied upon as an indication of future performance or other future outcomes.}

^{(1) As of October 20, 2025, unless otherwise noted. The information was provided by the Company and is believed to be reliable and current, but accuracy cannot be guaranteed. Past operating performance is not a guarantee of or necessarily indicative of future results. There can be no assurance that any trend illustrated herein will continue.}