In a time where remote work for many is the new norm, increased risks for both physical and mental health are also emerging. To address the often hidden health issues, detection and proper care are needed promptly. Against this backdrop, Novax is now investing in OneLab.
Through its platform, OneLab offers intelligent health screenings that help companies identify employees who are not well at an early stage and follow up with appropriate care, whether it's related to ergonomics, mental health, sleep, or lifestyle-related risk factors. By acting proactively, companies can identify hidden health issues in the workplace, offering their employees the right care at the right time.
"As home has now become the primary workplace, it becomes much more difficult for companies to keep track of employees' well-being. During the pandemic, we in Sweden have also not sought healthcare to the same extent as before. This means that we have accumulated a debt in the form of unmanaged health issues. For example, we see that risk factors for diabetes have increased and that overweight, sedentary behavior, and certain mental health issues have been negatively affected by remote work. This makes our mission even more urgent. The reinforcement of resources we now receive means that we can further develop the company faster and have the opportunity to help more employees with their health. It also feels great to have an owner like Novax and Axel Johnson, with such a long-term view of value creation and societal benefit," says OneLab's CEO, David Strömbeck.
Axel Johnson's investment company Novax is now becoming a shareholder in OneLab, and in connection with that, the company is receiving approximately 40 million SEK, the majority of which comes from Novax. The reinforcement of resources will go towards product development and growth both within and outside of Sweden.
"We at Novax are looking for areas where preventive measures can create value for both individuals, companies, and society. OneLab's service is precisely such an area. Traditional corporate health primarily focuses on rehabilitation, and resources are generally deployed too late. Not least, mental health issues develop rapidly, which can be counteracted by identifying problems early. With OneLab's platform working preventatively, companies save both time and money, and most importantly, employees' health. The need for tools for increased prevention has long existed but has accelerated even further as a result of remote work," says Josef Bexell, sector manager for Health & Wellness at Novax.
As more and more companies will have employees working from home, OneLab also offers remote health screenings. During a remote health screening, individuals receive access to a sampling kit with instructions for execution. The test is then sent to one of OneLab's accredited laboratories.
"The work environment has changed rapidly, and in that case, we need to think in new ways to keep up with that development. This service gives us the opportunity to examine employees who are at home and easily forgotten. We take care of employees' health, regardless of where they are. It is important for us to have a service that everyone can benefit from," says David Strömbeck.
Founded in 2014, OneLab is today one of the leading companies in preventive corporate health care. OneLab offers smart, modern health screenings that help companies map and improve employees' health as well as identify and address any workplace risks. In Sweden, the company is based in Stockholm but also operates in several European cities. www.onelab.se
Novax is Axel Johnson's investment company and a long-term and active partner for growth companies. By investing in, supporting, and developing small and medium-sized enterprises, we contribute to building successful companies and future legs for Axel Johnson. Novax operates within four main focus sectors: Health & Wellness, Technical Security, Future Food, and Digital Infrastructure for Retail. Novax's investments include, among others, ApoEx, Apohem, Bruce, Datema, Filippa K, Hedvig, Matsmart, Personalkollen, Prolupin, RCO, STC, and Voyado. www.novax.se
Contacts:
Josef Bexell, Sector Manager, Health & Wellness Novax
+46 (0)701 09 90 04
David Strömbeck, CEO OneLab
+46(0)707 56 68 68
