Draft:Novata
Submission declined on 30 July 2026 by Theroadislong (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
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Novata is an American public-benefit corporation providing sustainability and environmental, social, and corporate governance (ESG) data management software for private markets.[1] Formed through a consortium including S&P Global, the Ford Foundation, Hamilton Lane, and the Omidyar Network, the company focuses on standardising ESG data collection and reporting for private equity firms and their portfolio companies.[2]
History
[edit]Novata was established in October 2021 as a public-benefit corporation, a legal structure requiring the company to balance stakeholder interests alongside shareholder returns.[2] The company was co-founded by Alexander Friedman, who previously served as Chief Financial Officer of the Bill & Melinda Gates Foundation and Global Chief Investment Officer of UBS, and Josh Green, who previously co-founded Panjiva, a supply-chain data company acquired by S&P Global.[3]
In November 2021, Novata completed a US$21 million Series A funding round.[4] The commercial platform launched in April 2022.[5] A US$30 million Series B funding round was completed in February 2023, with participation from Microsoft's Climate Innovation Fund and Hamilton Lane, bringing total funding to US$51 million.[6] In 2023, the company received B Corp certification.[7]
In October 2025, Novata acquired Atlas Metrics, a Berlin-based sustainability reporting platform, expanding its European presence.[8]
Operations
[edit]The company provides a cloud-based platform for private market investors to collect and analyse ESG metrics, track emissions, and perform sustainability due diligence.[9]
References
[edit]- ^ "Foundations, Private-Equity Firms Create ESG Reporting Platform". The Wall Street Journal. 7 October 2021. Retrieved 6 May 2026.
- ^ a b Quinson, Tim (7 October 2021). "Private-Equity Firms, Foundations Team Up for New ESG Platform". Bloomberg. Retrieved 6 May 2026.
- ^ Sloley, Chris (12 October 2022). "There was an opportunity: What Alexander Friedman did next". Citywire. Retrieved 6 May 2026.
- ^ Quinson, Tim (9 November 2021). "Novata Gets Additional Funding for Private-Markets ESG Platform". Bloomberg. Retrieved 6 May 2026.
- ^ "Pulling back the curtain on private equity's ESG impact". Financial Times. 30 March 2022. Retrieved 6 May 2026.
- ^ Segal, Mark (28 February 2023). "Private Markets ESG Data Platform Novata Raises $30 Million". ESG Today. Retrieved 6 May 2026.
- ^ "Can private equity meet public responsibilities?". Financial Times. 11 October 2023. Retrieved 6 May 2026.
- ^ Segal, Mark (7 October 2025). "Novata Acquires Sustainability Reporting Solutions Provider Atlas Metrics". ESG Today. Retrieved 6 May 2026.
- ^ "Novata unveils new ESG Due Diligence platform for private markets". FinTech Global. 28 April 2025. Retrieved 6 May 2026.
Category:Financial technology companies of the United States Category:Companies based in New York City Category:Companies established in 2021
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