Albert completes a $5.6M investment round from Schibsted, Inbox Capital and RoosGruppen.

Sweden Investments 18 December 2018
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Albert, a Gothenburg, Sweden-based company providing a digital learning tool for mathematics, announced that it completed a SEK 50M ($5.6M) in capital investment.

The money was provided by new and existing investors, including Schibsted Growth, Inbox Capital and RoosGruppen and will be used to fuel the growth of the company outside Sweden.

Albert, founded in 2015 by Salman Eskandari and Arta Mandegari, developed a digital education tool for mathematics available for high school students from Sweden. The company has 10 employees, and recorded in 2017 a turnover of SEK 6.5M ($720k) with a negative result of SEK 4.5 million.