Albacross adds SEK 20M from Luminar, Ventech and existing investors, wants to expand its digital sales platform.

Sweden Investments 11 May 2018
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Albacross, a Stockholm, Sweden-based company providing a data driven platform for B2B lead generation, secured SEK 20M ($2.33M) in capital funding.

The money was invested by French and Swedish venture companies Ventech and Luminar Ventures, together with existing shareholders Magnus Emilson, Stefan Lennhammer and Martin Ingemansson.

Albacross, founded in 2013 by Victor Ekelund and Viktor Carlsson, has developed a B2B platform to increase lead generation and advertising efficiency. The company claims to have an inflow of tousands of new customers a month, while still searching for being profitable, at a SEK 11M ($1.3M) turnover recorded for 2016.

Prior to this deal, Albacross raised $1.3M.