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Novata raised new financing for sustainability solutions and innovation led by Hamilton Lane, S&P Global, and Motive Ventures.

May 21, 2024about 1 year ago
New YorkFinancial ServicesData And Analytics

Investors

Motive VenturesS&P GlobalHamilton Lane

Description

Novata, a certified B Corp, announced new financing from returning investors Hamilton Lane and S&P Global, and new investor Motive Ventures, which is backed by affiliates of Apollo Global Management. The capital will fuel further enhancements of Novata’s sustainability solutions and will support innovation as the company enters new geographies.

Company Information

Company

Novata

Location

1085 OCEAN AVENUE

New York, New York, United States

About

Novata is a certified B Corporation that empowers the private markets to achieve a more sustainable and inclusive form of capitalism. Novata’s technology platform makes navigating the ESG landscape simple for private markets by identifying a clear starting point for selecting the metrics that matter, streamlining data collection, and contextualizing data to drive reporting and action. Novata is backed by the Ford Foundation, Hamilton Lane, Microsoft, Northern Trust, Omidyar Network, and S&P Global. Our mission is to empower the private markets to achieve a more sustainable and inclusive form of capitalism. We’re building a platform to address the private markets' critical and immediate need for simple, yet powerful tools to reduce the burden of collecting, managing, and benchmarking ESG data.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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