# Novax

> Novax is a VC fund backing Insurance, Manufacturing and Food Processing. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: Oct 2020
- Lead investor: 0%
- Last updated: Aug 2026

Novax is an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Insurance | 1 | 25% |
| Manufacturing | 1 | 25% |
| Food Processing | 1 | 25% |
| Food and Beverage | 1 | 25% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 25% |
| Funding Round | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 1 | 25% |
| Germany | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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. | $7.3M | Series A | Oct 12, 2020 |  |
| 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. | $8.2M |  | Oct 12, 2020 |  |
| 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. | $8.2M |  | Oct 12, 2020 |  |
| 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 |  |

4 of 4 investments shown.

## Co-investors
- [Cherry Ventures](https://shizune.co/investors/profile/cherry-ventures) — VC Fund, 3 deals together
- [CommerzVentures](https://shizune.co/investors/profile/commerzventures-gmbh) — VC Fund, 3 deals together
- [Obvious Ventures](https://shizune.co/investors/profile/obvious-ventures) — VC Fund, 3 deals together
- [Capricorn Partners](https://shizune.co/investors/profile/capricorn-partners) — VC Fund, 1 deal together
- [eCAPITAL ENTREPRENEURIAL PARTNERS](https://shizune.co/investors/profile/ecapital-entrepreneurial-partners-ag) — VC Fund, 1 deal together
- [Munich Venture Partners](https://shizune.co/investors/profile/munich-venture-partners) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

### Similar country
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund
- [Chalmers Ventures AB](https://shizune.co/investors/profile/chalmers-ventures) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund

## Featured in investor lists
- [Financial Services Investors in Sweden](https://shizune.co/investors/financial-services-investors-sweden)
- [Financial Services VC Funds in Sweden](https://shizune.co/investors/financial-services-vc-funds-sweden)
- [FinTech VC Funds in Sweden](https://shizune.co/investors/fintech-vc-funds-sweden)
- [FinTech Investors in Sweden](https://shizune.co/investors/fintech-investors-sweden)

## FAQ

### What does Novax invest in?

Novax invests primarily in Insurance, Manufacturing and Food Processing startups, most often at Series A and Funding Round stage. Most of the 4 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Novax last invest?

The most recent investment recorded for Novax closed in Oct 2020. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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