
Axel Johnson
155 Spring Street, 6th Fl, New York, NY, 10012, United States
Overview
Axel Johnson is the corporate home for a collection of diverse industry-leading businesses. In 2011, Axel Johnsoncompanies had revenues of approximately $4.0 billion and employed in excess of 1,000 people. AJI is a private investment company, founded in 1920, and owned by the Johnson family of Stockholm, Sweden.
- Total investments
- 6
- Lead investments
- 2
- Investments · 12mo
- 1
- Active investors
- 4
Sector focus
- Communities
Investment portfolio
- Volta Greentech
Led · Equity · Mar 2026
Founded in 2019 and based in Gothenburg, Volta Greentech develops feed additives that suppress methane-producing microbes in the rumen to reduce livestock methane emissions while preserving feed energy. Its lead product, Lome, is presented as a shift from large-scale algae cultivation toward mimicking algaecharacteristics to achieve more accurate, reliable, and scalable production. The company claims Lome integrates with existing farm feeding routines without requiring changes and can improve feed utilisation, with potential productivity and weight-gain benefits. Volta Greentech is preparing an EU regulatory application to enable broad market rollout across Europe. It lists customers and partners including Coop Sverige, Axfood, Martin & Servera, Sodexo, Protos, Ge4sene Mejeri, and Orkla. The company has raised over 9.5 million to date and is using new proceeds to fund R&D and support Lome's market launch.
- Otovo
Participated · Equity · Feb 2022
Otovo USA is a Houston, TX–based home power services provider led by CEO John Berger. The company closes the reliability gap by combining real-time equipment monitoring, rapid repairs, dependable power supply, and grid rewards into one seamless service. Its power partner model unites retail electricity, energy service (O&M), and grid trading through a cloud-connected Virtual Power Plant. Offerings encompass solar systems, batteries, standby generators, EV chargers, load managers, and other power generation and management systems. The service is currently available in the Texas market and the company plans to expand across America. Otovo USA raised $4M+ to expand operations and development efforts. Founded in Oslo in 2016, Otovo is a marketplace for residential solar and battery installations active in 13 markets. It uses proprietary technology to analyse a home and an automatic bidding process to find the best price and installer. The company has sold and completed over 20,000 solar energy projects across Europe. Otovo has raised €40M in a private shares placement aimed at providing a path to profitability by growing sales volume, optimising operational costs, and monetising subscription assets. Shares in the placement were allocated to existing shareholders including Axel Johnson Group via AxSol, the Norwegian state climate fund Nysnø, housing developer Obos, and Å Energi. In conjunction with the equity raise the company will carry out a repair issue of up to 17.4 million shares at the same price and restructure its options programme for key employees. Otovo operates a marketplace that sells and installs residential solar panels and batteries, matching homeowners to installers via proprietary technology and an automatic bidding process. The company has sold and completed over 11,000 solar energy projects and is active in 13 markets. Otovo plans to build a large portfolio of solar subscription assets and to own and operate distributed power plants composed of rooftop solar and battery installations. The firm recently raised a mix of debt and equity to finance construction of subscription assets and expand its asset portfolio. Management expects the combined assets to amount to roughly 80–105 MW and for the market cap to be approximately €300 million when the financing is fully utilized. Otovo previously announced an intention to uplist from Euronext Growth to the Oslo Stock Exchange, though that uplisting was postponed due to the recent equity issue. Otovo operates a marketplace for residential and commercial solar and battery installations, using proprietary technology to analyse homes and an automatic bidding process to match customers with installers. The company is currently active in seven European markets and plans to add six more within 12–18 months. It is based in Oslo and has a market capitalization of approximately €200 million. Since 2016 Otovo says it has sold and completed more than 6,000 solar systems across Europe. In Q4 2021 the company reported a 223% year‑over‑year rise in sales and a 173% year‑over‑year increase in revenue. With the new capital the company also plans to uplist from Euronext Growth to the Oslo Stock Exchange within 12 months. Otovo operates a digital platform that sells solar panels, simplifies installations, and compares the costs of dozens of local installers quickly. Founded in 2016, the company buys back any excess energy produced and notes its panels generate clean energy for 25 years. Otovo has grown in Nordic markets and was the winner of the Oslo Innovation Award 2018. The startup plans to use lessons learned in Norway and Sweden to expand further into Europe, targeting sunnier southern markets with higher electricity prices. To support that European expansion, Otovo recently raised €10.5 million from KLP Liv / KLP AksjeNorge and Nysnø. Investors framed the investment as part of a long-term strategy to accelerate the green transition.
- Neopenda
Led · Seed · Apr 2019
Neopenda develops a wearable neonatal vitals monitor that continuously measures pulse rate, respiratory rate, oxygen saturation and temperature and wirelessly transmits data to a tablet. The device is rechargeable, low-power and designed for settings with inconsistent electricity. Neopenda plans to begin manufacturing and commercializing the product with the new financing and to expand clinical pilots beyond its current base in Uganda. The company was founded in 2015 by Sona Shah and Teresa Cauvel and participated in the 2018 Techstars Chicago cohort. Earlier this year the startup raised about $288,000 in a crowdfunding campaign. The new funding will support commercialization and broader clinical deployment.
- Winnow
Participated · Seed · May 2015
Winnow develops AI-enabled systems that recognise and record food waste at the point it is thrown away, capturing 100% of the waste stream and delivering analytics to identify where wastage occurs. Its tools enable kitchens to optimise operations, change behaviour, and reduce waste; customers average a 50% reduction in food waste and 2–8% cost savings. Winnow is deployed across more than 2,000 sites in over 70 countries and counts major hospitality brands among its users. The company is headquartered in London with offices in Singapore, Chicago, Dubai, and Cluj-Napoca, and is a Certified B Corporation. Winnow plans to expand further into Asia (notably Singapore, Japan, and Indonesia) and to continue enhancing its AI capabilities to bring greater profitability and sustainability to commercial kitchens. Winnow builds computer-vision and AI tools that identify wasted food items in real time and provide analytics to help kitchen teams pinpoint waste sources. Its solution is designed for the hospitality sector, where the company estimates more than $100 billion of food is wasted annually. Winnow says its analytics have helped clients cut waste in half by enabling operational improvements. The company reports its solutions have saved $174 million and reduced 217,000 tonnes of CO2e emissions worldwide, equivalent to nearly 50,000 cars off the road for a year. Winnow plans to use new funding to further develop and expand its AI capabilities and increase impact across its customer base. The product-focused approach pairs automated detection with actionable insights for operators to reduce costs and emissions. Winnow develops smart kitchen technology, notably its Winnow Vision product, which uses computer vision to automatically track discarded food. The company says Winnow Vision has reached and surpassed human levels of accuracy in identifying food waste. Winnow serves commercial hospitality clients including Ikea and the Armani Hotel in Dubai and aims to enable better inventory decisions by automatically capturing discard data. The startup reports that kitchens using its system typically see a 40–70% reduction in food waste within 6–12 months, driving food-cost savings of 2–8%. Financially, Winnow recently raised $12M in a Series B and secured an $8M loan from the European Investment Bank, adding $20M of capital in the last month. It plans to use the new funds to improve its technology and double down on product development, including hiring QA engineers and front-end developers, while noting its main costs are hardware and service delivery for each deployed unit. Winnow develops the Winnow Waste Monitor, a system of smart scales and a tablet app that lets kitchen staff log discarded food; data are uploaded to the cloud, analysed by Winnow’s algorithm, and shared to reduce waste. Launched in May 2013 and led by founder and CEO Marc Zornes, the company serves more than 600 commercial kitchens including IKEA, Compass Group and AccorHotels. Winnow says its customers collectively save about 4,300 tonnes of food waste annually and that customers typically cut food waste in half within 12 months, reducing food purchasing costs by 3–8%. To support this growth the company disclosed a further $7.4M in funding. The product targets both environmental impact and margin improvement for thin-margin hospitality operators by turning waste data into actionable insights. Winnow offers a set of smart scales that sit under kitchen bins and a tablet app that lets staff log discarded food; that data is uploaded to the cloud and analyzed by Winnow’s algorithm. The system delivers daily reports to chefs highlighting top areas of waste by value so they can adjust operations and reduce costs. Winnow says clients typically see a 30–60% uplift in food profitability by cutting food waste. The company launched in May 2013 and is London-based, and it reports working with over 200 kitchens, including Compass Group, Accor Hotels and River Cottage Canteens. Winnow recently opened an office in Singapore to serve the Asia–Pacific market. It raised a $3.3M Series A to further develop the product and support global expansion.
- Decisyon
Participated · Series A · Oct 2012
Decisyon offers a unified, collaborative BI and performance management platform (Decisyon 360) alongside industry-specific solutions such as Decisyon/Plant and a SaaS Social CRM, Decisyon/Engage. Its platform supports rapid, code-free development of operational BI and planning solutions, with hybrid architecture that can be deployed on-premise or in the cloud and full mobile support via HTML5. Customers include more than 200 mid-size and global companies across industries including pharmaceutical, financial services, manufacturing, retail and automotive. The company emphasizes fast time-to-value and ROI versus legacy, multi-product approaches. Recent milestones include the January launch of Decisyon 360 in the U.S. and Europe and recognition by Gartner as an “Interesting Vendor” in its 2014 Magic Quadrant for Business Intelligence and Analytics Platforms. The company plans to use new capital to expand globally, hire additional sales, marketing and delivery staff in the U.S., grow sales and marketing in Europe, and advance product development. Decisyon provides collaborative enterprise software that helps customers discover key factors affecting business issues and processes, collaborate on decisions, and execute activities to optimize impact. The company serves Global 1000 customers across pharmaceutical, banking, manufacturing, media and fashion sectors. Led by Founder and CTO Franco Petrucci and CEO Tom Cowan, Decisyon operates from Stamford, CT and maintains a development facility in Latina, Italy with European sales offices in Milan. The company is currently hiring and intends to use recent financing to continue expanding U.S. operations and sales efforts. The product focus and customer base indicate a B2B enterprise orientation with global deployment and sales reach. No revenue or user metrics were disclosed in the article. Decisyon provides enterprise applications that integrate and analyze disparate sources of information to help teams gain insights, make decisions and initiate actions. Its product suite includes DECISYON/CDME for collaborative decision making and execution, DECISYON/Plant for visual manufacturing optimization, DECISYON/Tools as a development framework, and ECCE/Customer, a social CRM application. Customers span pharmaceutical, banking, manufacturing, media and fashion sectors. The company is led by president and new CEO Tom Cowan and was founded by CTO Franco Petrucci (former CEO). Decisyon has development offices in Latina, Italy and is based in Stamford, CT. The company plans to use the new capital for global expansion and to strengthen its capabilities to serve its customer base.