# Novata

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novata

- Industry: Software
- Headquarters: New York, US
- Website: www.novata.com
- Total disclosed funding: $51M
- Latest round: Series B (Feb 28, 2023)
- Investors on record: 9

## About

Founded in 2021, and based in New York, US, Novata, Inc. operates a technological platform that offers ESG services to organizations, including data strategy, regulatory, and carbon solutions. The company was founded by its CEO, Alex Friedman. In May 2024, Novata, Inc. raised venture funding from Motive Partners, with participation from Hamilton Lane and S&P Global Ventures.

Novata offers a comprehensive platform for environmental, social, and governance (ESG) data management. The company combines advanced technology with its internal team to help businesses manage ESG data, conduct accurate carbon accounting, and navigate complex regulatory environments. Novata's offerings help enterprises, especially private markets, by providing actionable insights and simplifying sustainability reporting.

## Funding rounds

- Series B, Feb 28, 2023, $30M — Microsoft, Hamilton Lane, S&P Global Ventures, Ford Foundation, Canson Capital Partners
- Series A, Nov 9, 2021, $21M — Hamilton Lane, Kohlberg & Company, Clearlake Capital Group, Omidyar Network, Vistria Group, S&P Global Ventures, Ford Foundation

## Investors

- Hamilton Lane (https://capitalatlas.ai/funds/hamilton-lane) — Series A, Series B
- Kohlberg & Company (https://capitalatlas.ai/funds/kohlberg-company) — Series A
- Clearlake Capital Group (https://capitalatlas.ai/funds/clearlake-capital-group) — Series A
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series A
- Vistria Group (https://capitalatlas.ai/funds/vistria-group) — Series A
- S&P Global Ventures (https://capitalatlas.ai/funds/s-p-global-ventures) — Series A, Series B
- Ford Foundation — Series A, Series B
- Microsoft — Series B
- Canson Capital Partners (https://capitalatlas.ai/funds/canson-capital-partners) — Series B