Axel Johnson’s corporate venture capital arm has contributed to a $10.4m series A round for the Sweden-based digital insurer that was led by Obvious Ventures.

D-Ax, a corporate venturing subsidiary of medical device maker Axel Johnson, has taken part in a SEK100m ($10.4m) series A round for Sweden-based online insurance provider Hedvig. Obvious Ventures led the round, which included fellow venture capital firm Cherry Ventures. The company raised $3.4m in a September 2018 seed round led by Cherry Ventures that…

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