The challenger in corporate health, OneLab, is raising new capital to further accelerate the development of its preventive occupational health platform. The round is led by the largest shareholder Novax, Axel Johnson's investment company.
After a year of strong results and a growth rate of 127%, OneLab is now aiming to further accelerate by securing 40 million Swedish kronor. The funds will be used to develop the company's offerings in preventive health.
"We are the new corporate health solution for companies that want to invest in their employees while increasing productivity and attractiveness. We know that preventive health is the key to healthy and successful workplaces, and therefore, it feels incredibly exciting to invest in the development of our offerings and to offer more companies our services," says David Strömbeck, CEO and co-founder of OneLab.
Today, more than 350 employers with approximately 60,000 employees in 16 countries use OneLab to promote healthier employees. The focus on simplicity, speed, and prevention has proven to have very positive effects on employees' mental health, enabling OneLab to successfully challenge traditional corporate health care. In a cohort study involving 327 employees who had access to OneLab, a 63% reduction in mental health issues such as anxiety and worry (GAD-7) was observed over two years.
Employers using OneLab's occupational health platform allow their employees to undergo proactive screening, focusing on both mental and physical health. Those at risk of health issues are then offered health counseling, therapy, self-care programs, and continued navigation through healthcare. At the same time, management and HR departments receive digital decision support with aggregated health data and features for managerial support to develop the workplace.
Novax, leading the round, has a goal within the Health & Wellness sector to assist companies in preventing illness and streamlining healthcare. They first invested in OneLab in 2021.
"At Novax, we see illness as a significant societal problem that needs to be addressed from multiple angles. Employers have a clear role, and we want to provide them with the right tools to help their employees. We are convinced that OneLab represents the future of corporate healthcare, where preventive and digital care will take a greater role. It helps companies save both time and money while putting employees' health at the forefront. We are pleased and proud to be part of OneLab's journey forward," says Josef Bexell, sector head of Health & Wellness at Novax.
OneLab was founded in 2014 and is today one of the leading companies in preventive corporate healthcare. OneLab offers a modern health platform that helps companies map and improve employee health as well as identify and address any workplace risks. In Sweden, the company is headquartered in Stockholm but operates in several other European cities. www.onelab.se
Novax is Axel Johnson's investment company and is a long-term and active partner for growth companies. By investing in, supporting, and developing small and medium-sized enterprises, they build successful companies and future pillars for Axel Johnson. Novax operates within three main focus sectors: Health & Wellness, Technical Security, and Future Food. Novax's investments include, among others, ApoEx, Apohem, Aqua Dental, Bruce, Datema, Filippa K, Matsmart, Muntra, Personalkollen, Prolupin, RCO, STC, and Voyado. www.novax.se
