# D-Ax Corporate Venture Capital

> D-Ax Corporate Venture Capital is a VC fund backing Solar and Energy. See 5 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 5
- Last investment: Feb 2020
- Lead investor: 20%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/d-ax/
- Website: http://www.d-ax.se

D-Ax Corporate Venture Capital is a VC fund in Stockholm focused on Solar and Energy. D-Ax is a partnership between Axel Johnson, a Swedish retail conglomerate and RECAPEX, a Nordic Investment company.Axel Johnson’s aim with D-ax is to invest in digital entrepreneurial companies. The ambition is to increase the trading group’s digital resources. As one of the Nordic region’s leading trading groups, Axel Johnson aims to meet withcustomers across all contact channels and develop new digital offers. The ambition is to is to increase the trading group’s digital resources. The firm looking for entrepreneurial digital companies that do business in trading and services. The companies should have achieved a certain level of sales and have a proven business model. While they may be e-commerce companies, this is not a must; they might also be companies that work with other digital business ideas within the spectrum covering online marketing, data transparency and data analysis.

## Contacts

5 contacts available for D-Ax Corporate Venture Capital. Shizune tracks 2 team members at D-Ax Corporate Venture Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/d-ax-corporate-venture-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $7.4M–$12M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 1 | 20% |
| Energy | 1 | 20% |
| Software | 1 | 20% |
| CleanTech | 1 | 20% |
| E-Commerce | 1 | 20% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 40% |
| Seed | 1 | 20% |
| Series B | 1 | 20% |
| Funding Round | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 3 | 60% |
| United Kingdom | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Johan Siwers | Investment Manager | 2 | https://shizune.co/investors/profile/johan-siwers |
| Christopher Persson | Investment Manager | 1 | https://shizune.co/investors/profile/christopher-persson |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SVEA renewable solar AB | In short, Svea Solar is digitalising energy. Svea supplies green energy and installs solar systems, car chargers, and batteries -- all of these devices can be connected to the Svea App where you can get an overview of everything working together. The app saves the homeowner money on their monthly energy through it's optimisation features.For example, reading electricity prices 24 hours in advance and charging your car only at the cheapest times or selling your excess solar energy back to the grid when electricity prices are the highest.The goal has always been to make renewable energy simple, affordable and a good investment for the customer, all while reducing CO2 emissions. | $11.6M | Series A | Feb 21, 2020 |  |
| Winnow | Winnow builds artificial intelligence tools to help chefs run more profitable and sustainable kitchens by cutting food waste in half. They develop technology to cut food waste in their operations. Their digital tools provide data to drive improvements in kitchen production processes and reduce environmental footprint.Winnow's mission is toconnect commercial kitchen, create a movement of chefs, and inspire others. The company was founded in 2013 and is headquartered in London, England, United Kingdom. | $12M | Series B | Oct 17, 2019 |  |
| Matsmart | Matsmart sells surplus food online. A major part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates or other reasons. During 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by KarlAndersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland. Long live the food! | $7.2M |  | Dec 18, 2017 |  |
| Winnow | Winnow builds artificial intelligence tools to help chefs run more profitable and sustainable kitchens by cutting food waste in half. They develop technology to cut food waste in their operations. Their digital tools provide data to drive improvements in kitchen production processes and reduce environmental footprint.Winnow's mission is toconnect commercial kitchen, create a movement of chefs, and inspire others. The company was founded in 2013 and is headquartered in London, England, United Kingdom. | $7.4M | Series A | Oct 23, 2017 |  |
| PinMeTo | PinMeTo’s online service makes sure chains and franchises businesses can be found on multiple search- maps- and social media platforms including Apple, Facebook, Google, Instagram, Twitter, Foursquare and thousands of other apps and services.Manually keeping business information updated on multiple platforms is expensive and very complex -PinMeTo makes it simpleOnce the correct business information is imported into PinMeTo’s software it will automatically be published to all supported platforms. Excel sheets and other out-dated methods will never be used to handle business information online ever again |  | Seed | Mar 30, 2015 |  |

5 of 5 investments shown.

## Co-investors
- [Circularity Capital](https://shizune.co/investors/profile/circularity-capital) — VC Fund, 2 deals together
- [Mustard Seed](https://shizune.co/investors/profile/mustard-seed) — VC Fund, 2 deals together
- [Ingka Group](https://shizune.co/investors/profile/ingka-group) — VC Fund, 1 deal together
- [Norrsken VC](https://shizune.co/investors/profile/norrsken-vc) — VC Fund, 1 deal together
- [RECAPEX](https://shizune.co/investors/profile/recapex) — VC Fund, 1 deal together
- [R/GA Ventures](https://shizune.co/investors/profile/r-ga-ventures) — VC Fund, 1 deal together

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## FAQ

### What does D-Ax Corporate Venture Capital invest in?

D-Ax Corporate Venture Capital invests primarily in Solar, Energy and Software startups, most often at Series A and Seed stage. Most of the 5 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is D-Ax Corporate Venture Capital's check size?

D-Ax Corporate Venture Capital typically joins rounds of $7.4M–$12M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds D-Ax Corporate Venture Capital participates in.

### How do I contact D-Ax Corporate Venture Capital?

Public channels for D-Ax Corporate Venture Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at D-Ax Corporate Venture Capital?

The team at D-Ax Corporate Venture Capital includes Johan Siwers (Investment Manager) and Christopher Persson (Investment Manager). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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