ESG (Environmental, Social, and Governance) investment has been on a remarkable rise, increasing by over 50% in recent years and pulling in nearly $500B annually. This surge is driven in part by a growing collective pressure to invest in companies that prioritize sustainability and ethical practices.
With this trend accelerating, there's a clear need for better tools to track and analyze ESG data. That's where Novata comes in. The company offers robust solutions that allow investors to monitor and assess the ESG performance of their portfolios, helping them make more informed, responsible investment decisions.
Backing Novata is an impressive list of investors, including the Ford Foundation, Omidyar Network, S&P Global, and Hamilton Lane. The company's first funding round raised a staggering $21M - one of the highest ever for a public benefit corporation. This momentum continued in 2024 when the company attracted new investors and strengthened its financial backing, positioning itself to expand its sustainability solutions and enter expand its geographies while securing its place as a key player in the ESG space.
Kirsty
Company Specialist at Welcome to the Jungle