Our Latest Investment: Albacross
At Luminar, we are searching intensively for founders looking to help small and medium sized enterprises (SMEs) in various ways. This segment is the backbone of the European economy representing more than 99.8% of all companies and 57% of value added.
The number one challenge for SME’s, according to a study by the European Comission, is to find new customers. That’s why SMEs across the globe now spend over $100bn annually on online services that help them find new customers, and the number is increasing.
At Luminar, we love companies that solve big challenges. That’s why we’re excited to announce our latest investment in Albacross.
Albacross is a tech company that leverages proprietary data to help B2B companies understand their leads better
Using data from their free, lead generation tool used by thousands of companies across the globe, Albacross’ technology can connect the dots on which companies are the most relevant to each other and allow them to connect. By doing that, Albacross is building a global ‘business graph’, opening up their platform and providing valuable services to both enterprises and SME’s.
LinkedIn built the social graph for professionals. In a way, Albacross is building the business graph for companies
LinkedIn and other professional social networks enable people to connect, which in turn can lead to a business relation. The social graph works as an enabler to find relevant people to connect to, which enriches the platform and brings value to the users. The business graph built by Albacross works the same way but for businesses.
We recently led Albacross’ seed round. As always, we spent a lot of time getting to know the team and understanding their vision
We thrive on working with ambitious founders who think big looking to win in a large market. The founders (Victor, Viktor, Jakub, Carl-Richard and team) have shown solid strategic thinking and strong commitment during the first years. They have also proven the often underestimated ability to attract strong advisors and angel-investors with experience from companies like Spotify, Facebook, Truecaller, NA-KD and iZettle.
At the time of writing, Albacross is onboarding around 1 000 new companies per week to their platform and the ambition is to become global leader in their segment in only a few years. Luminar are proud supporters and also happy to join forces with our friends at Ventech as co-investors. We look forward to supporting Albacross and being part of their exciting journey.
The team is looking to fill several new positions, so if you are interested in an exciting journey to help B2B companies across the globe, check them out! Also, if you are sitting at a B2B company, it is free to sign up here:)
