Novata

Novata is a technology platform that provides the private markets with intuitive and effective Environmental, Social and Corporate Governance (ESG) measurement, data collection, benchmarking and reporting.

Novata’s mission is to empower private markets to achieve a more sustainable and inclusive form of capitalism.

Novata was founded in 2021 by Alex Friedman, Christina Alfonso-Ercan, Josh Green, Scott Kennedy, and Owen Riddall. The company is headquartered in New York.

 

Novata launched its unique benchmarking capabilities in November 2022, enabling clients to compare key non-financial data against public and private market industry averages and identify opportunities for improvement.

 

Novata’s broad-reaching analytical tools are a market differentiator, offering an unprecedented view of ESG performance in private markets by providing clients with access to anonymized and reliable data from thousands of companies in its contributory database.

 

Novata has more than 3,500 private companies contracted to use the platform.

 

Novata is backed by Ford Foundation, Hamilton Lane, Microsoft, S&P Global, Omidyar Network, Bridgepoint, Clearlake Capital, Kohlberg & Company, Canson Capital Partners, Hellman & Friedman, The Vistria Group, and others. The company raised $30M in a Series B round on Feb 28, 2023. This brings Novata's total funding to $51M to date.

 

 

  • Year founded: 2021
  • Funding Info: $51M over 2 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: New York City
  • State: New York
  • Country: United States
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