# Novax

> Novax is a VC fund in Stockholm backing Software and Food and Beverage. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 9
- Last investment: Oct 2025
- Lead investor: 11%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/novax-ab/
- Website: https://www.novax.se

Novax is a VC fund in Stockholm focused on Software and Food and Beverage. Novax is part of Axel Johnson, a family business founded in 1873 and now run by the fourth and fifth generations. With trade as a starting point, the Group has changed shape and form over the years. On the other hand, the will and drive to change in combination with developing long-term profitable business has been intact.

## Contacts

5 contacts available for Novax. Shizune tracks 1 team members at Novax. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/novax-ab?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3M–$8.1M |
| Series A | $1.5M–$5M |
| Series C | $10M–$27M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 33% |
| Food and Beverage | 3 | 33% |
| Coffee | 1 | 11% |
| Farming | 1 | 11% |
| Insurance | 1 | 11% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 33% |
| Series A | 2 | 22% |
| Series C | 2 | 22% |
| Series B | 1 | 11% |
| Venture - Series Unknown | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 5 | 56% |
| France | 1 | 11% |
| Norway | 1 | 11% |
| Germany | 1 | 11% |
| United Kingdom | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Joakim Skarborg | CEO | 0 | https://shizune.co/investors/profile/joakim-skarborg-e43d |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Nutropy | Nutropy produces real milk ingredients, identical to those produced by cows, to develop premium cheese alternatives that taste just as good as cow’s cheese but are more sustainable, healthier and better for the animals. No animals involved, full cheese experience. | $8.1M | Seed | Oct 23, 2025 |  |
| Gårdsfisk | Gårdsfisk is a company managing fishing farms. Gårdsfisks develops a new method for fish farming on land. The cultivation takes place in large pools in a closed system, where the nutrient residual water can be reused as fertilizer on the fields. | $5M | Series A | Mar 11, 2025 |  |
| Foodtel | Foodtel develops technology that helps you prevent food waste. | $1.5M | Series A | Sep 03, 2024 |  |
| 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. | $10M | Series C | Jun 13, 2023 |  |
| 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! | $27M | Series C | Nov 01, 2021 |  |
| Hedvig | Hedvig is a new approach to insurance. It’s about freedom and being ok with your life, no matter what happens to you. We provide fair help everyone’s entitled to. | $45M | Series B | Sep 29, 2021 |  |
| Prolupin | Prolupin GmbH is a spin-off from the Fraunhofer Institute for Process Engineering and Packaging IVV in Freising. The world-leading expertise on the fractionation of lupines and the application of this in food technology gives the business a strong position in the vegetable protein market. This position is secured by several Fraunhofer patents.The company's business activities focus on developing, producing and marketing vegetable-based, lactose-free milk substitutes from the blue sweet lupine (Lupinus angustifolius). This domestic legume is particularly rich in proteins, undemanding with regard to soil and climate and grows predominantly in Northern Germany (soybean of the north), Poland, Scandinavia, North America and Australia. With the processing technologies developed at Fraunhofer IVV, it is possible to adapt the lupine protein flavor profile in such a way as to achieve a milk-like taste. |  | Venture - Series Unknown | Mar 17, 2020 |  |
| Personalkollen | Personalkollen is a web-based and user-friendly personnel and payroll system. They provide an efficient payroll process free of manual handling. They offer completed salaries that are visible directly in the employee's app, and the responsible accounting firm can always log in and download essential documents for their accounting. |  | Seed | Mar 02, 2020 |  |
| Unloc | Unloc is a firm that reduces friction. The business envisions a keyless future in which anybody, anywhere may open doors. With Unloc, you can regain control and see who has access to what locations. | $3M | Seed | Feb 01, 2020 |  |

9 of 9 investments shown.

## Co-investors
- [Alligate](https://shizune.co/investors/profile/alligate) — VC Fund, 1 deal together
- [Anthemis](https://shizune.co/investors/profile/anthemis-group) — VC Fund, 1 deal together
- [ArcTern Ventures](https://shizune.co/investors/profile/arctern-ventures) — VC Fund, 1 deal together
- [Big Idea Ventures](https://shizune.co/investors/profile/big-idea-ventures) — VC Fund, 1 deal together
- [Big Pi Ventures](https://shizune.co/investors/profile/big-pi-ventures) — VC Fund, 1 deal together
- [Blume Equity](https://shizune.co/investors/profile/blume-equity) — VC Fund, 1 deal together

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## FAQ

### What does Novax invest in?

Novax invests primarily in Software, Food and Beverage and Coffee startups, most often at Seed and Series A stage. Most of the 9 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Novax's check size?

Novax typically joins rounds of $3M–$8.1M at Seed, $1.5M–$5M at Series A and $10M–$27M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Novax participates in.

### How do I contact Novax?

Public channels for Novax 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 Novax?

The team at Novax includes Joakim Skarborg (CEO). 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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