Novata
Sustainability technology platform for private markets data management.
Company facts
- Founded
- 2021
- Employees
- 160
- Headquarters
- United States
- CEO
- Alex Friedman
- Type
- Private
- Funding
- Series B · $51M · 2024
- Subsidiaries
- Atlas Metrics
About
At Novata, we're on a mission to empower the private markets to achieve a more sustainable and inclusive form of capitalism. We believe that clear, consistent, and robust measurement of a company's Environmental, Social, and Governance (ESG) performance is fundamental to creating an economy that works for everyone. That's why we've built a technology platform and offer expert services designed to make navigating the complex ESG landscape simple for private markets. Our platform helps private equity firms, private credit, venture capital, limited partners, and private companies identify a clear starting point for selecting the ESG metrics that truly matter. We streamline the data collection process, enabling companies to gather and store relevant ESG data in a secure, contributory database. We understand the increasing pressure private companies and their investors face to describe their impact on people and the planet. Our tools provide data-driven insights and analytics, contextualizing data to drive meaningful reporting and action. This includes benchmarking capabilities that allow companies to compare their ESG performance against private and public company peers. We're proud to be a public benefit corporation and a certified B Corp, reflecting our deep commitment to our mission. This mission is embedded in our company DNA, and we're backed by a unique consortium of leading organizations, including the Ford Foundation, Hamilton Lane, Microsoft, Omidyar Network, and S&P Global. Since our commercial launch in April 2022, we've seen broad-based global demand for our all-in-one solution for sustainability data management, carbon accounting, regulatory reporting, and value creation. We're dedicated to continuously developing our cutting-edge software platform to meet the evolving needs of the private markets, offering tailored solutions and expanding our reach to new geographies. Our goal is to help companies tackle the hardest challenges in sustainability with confidence and integrate their sustainability strategy with meaningful business outcomes.