Albert
Digital learning for children and young people.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
* | N/A | SEK264m | IPO |
| Total Funding | 000k | ||
| SEK | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 162 % | 97 % | 45 % | - | (4 %) | 9 % | 9 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (84 %) | (58 %) | (2 %) | (16 %) | (10 %) | 2 % | 4 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (92 %) | (79 %) | (45 %) | (59 %) | (51 %) | (26 %) | (17 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Related Content
Albert operates as a European educational technology group, originating from an initiative by its founders to democratize knowledge through technology. The company's journey began in 2015 when childhood friends Arta Mandegari and Salman Eskandari, while students at Chalmers University of Technology, volunteered to provide free math tutoring. This experience led them to leave their subsequent careers in management and finance to establish Albert, initially launching a math app for the Swedish school market.
The business functions on a subscription-based model, offering digital educational resources to both consumers (B2C) and schools (B2B). Revenue is split almost evenly between these two segments. The company's initial focus on a single math application has expanded significantly. Through both organic product development and a series of strategic acquisitions, Albert now provides a comprehensive learning platform. This platform caters to children aged 1 to 16 and covers a wide range of subjects, including mathematics, reading, writing, English, programming, geography, biology, and physics. By 2022, the company had helped over 300,000 families across Europe.
A significant milestone in the company's growth was its listing on the Nasdaq First North Growth Market in October 2021. This was followed by a series of acquisitions in 2022, including UK-based Sumdog, French language app Holy Owly, and Swedish entities Strawbees and Film & Skola, which broadened Albert's B2B offerings and market presence. These acquisitions are central to Albert's strategy of creating a single-source platform for children's learning. The company operates in approximately 10 countries with six distinct brands, including Albert, Jaramba, Sumdog, Strawbees, Holy Owly, and Film & Skola. In early 2024, founders Arta Mandegari and Salman Eskandari transitioned from their operational roles, with Jonas Mårtensson leading the company as CEO since September 2023.
Keywords: educational technology, EdTech, digital learning, subscription education, K-12 education, mobile learning, B2C education, B2B education, curriculum-based learning, personalized learning, math tutoring app, reading app, language learning app, STEM education, European EdTech, Nasdaq First North, e-learning platform, homework help, Albert Group, Sumdog, Jaramba, Strawbees, Holy Owly, Film & Skola, Arta Mandegari, Salman Eskandari
