Novax

About The Fund

Novax is a venture capital firm based in Stockholm, Sweden, with a focus on active long-term investments in small and medium-sized growth companies. Established in 1999, Novax aims to serve as a robust partner and an ecosystem where individuals and organizations can thrive. Their investment approach is sector-focused, targeting companies operating in retail, brands, security, technology-enabled service, and consumer service industries. Novax is also keen on investing in sectors they believe will contribute to a sustainable future, such as energy, food, technical security, preventive health, and they also engage in opportunistic investments that have the potential to become new sector pillars or create impactful platforms. Novax's website highlights their commitment to building successful companies and future pillars for Axel Johnson. They seek to support companies at both early and later stages, emphasizing the team, company, and its potential over size or stage. Their sectors of focus encompass Energy of the Future, Food of the Future, Technical Security, and Preventive Health. Novax provides practical support, hands-on assistance, knowledge exchange, and facilitates networks and seminars aimed at driving development both for companies and individuals. They take pride in leveraging the vast experience and specialized skills within Novax and the broader Axel Johnson Group to benefit their portfolio companies. With over 40 portfolio companies generating 13.5 billion in revenues and employing over 8,000 people, Novax positions itself as a long-term owner, company builder, and the best partner for growth companies within their focus sectors.