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Key people at Novax.
Novax operates as an active, long-term investment company, specializing in developing growth enterprises. A wholly-owned subsidiary of Axel Johnson AB, the firm provides capital, strategic guidance, and an ecosystem of expertise to small and mid-sized companies. It fosters businesses in sectors such as food innovation, technical security, and preventive health, leveraging industry knowledge for market acceleration.
Originating from the Axel Johnson group, a family enterprise established in 1873, Novax continues a legacy of entrepreneurship, guided by its fourth and fifth generations. Its formation stems from the insight that sustained success requires cultivating new business areas. This ethos drives Novax to build future-ready companies to become pillars for the parent group.
Novax primarily serves ambitious management teams and growing companies seeking partners beyond capital. Its vision centers on cultivating businesses that achieve market leadership and contribute to a sustainable society. These ventures will form new revenue streams for Axel Johnson, targeting reduced environmental impact.
Key people at Novax.
Novax has 5 tracked investments across 3 companies. The latest tracked deal is $8.1M Other Equity in Nutropy in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 24, 2025 | Nutropy | $8.1M Other Equity | BIG PI Ventures, Zero Carbon Capital | Beta LAB, Bpifrance, Desai Family Office, PVS Investments, Wyngate |
| Jun 1, 2023 | Winnow | $10.0M Series C | — | ArcTern Ventures, Bridge Nine, Circularity Capital, Ingka Investments, Mustard Seed |
| Sep 1, 2021 | Hedvig | $45.0M Series B | Anthemis Group | Cherry Ventures, DN Capital, Flare Capital Partners, Kapor Capital, Obvious Ventures, Jonas Kamprad, Mathias Kamprad, CommerzVentures, Nineyards Equity |
| Oct 13, 2020 | Hedvig | $9.0M Series A Extension | — | Cherry Ventures, CommerzVentures, Obvious Ventures |
| Oct 1, 2020 | Hedvig | $9.0M Series U | — | Cherry Ventures, DN Capital, Kapor Capital, Obvious Ventures, CommerzVentures |