NEW YORK--(BUSINESS WIRE)--Novata, a certified B Corp with presence in the US, Europe, and Asia, today announced new financing from returning investors Hamilton Lane and SP Global, and new investor Motive Ventures, which is backed by affiliates of Apollo Global Management (“Apollo”). The capital will fuel further enhancements of Novata’s sustainability solutions and will support innovation as the company enters new geographies, reinforcing its commitment to advancing sustainable practices in private markets worldwide. Novata’s technology platform and expert services accelerates ESG data collection, simplifies carbon measurement and reporting, and helps companies respond to regulation. The newly secured funds will be directed towards the continuous development of Novata’s cutting-edge software platform to meet the evolving needs of the private markets, offer solutions tailored specifically for private companies, and support expansion to new geographies. Novata's platform is trusted and used by over 150 GPs in private equity, private credit, and venture capital, and approximately 7000 companies in all major geographies. Novata’s clients manage over $10 trillion in assets

NEW YORK--(BUSINESS WIRE)--Novata, an industry-leading sustainability technology platform and certified B Corp, today announced the expansion of its global operations with the appointment of Joel Raha as Chief Technology Officer and Jeanne Lee as Head of APAC Sales. These hires underscore Novata's commitment to driving sustainable business practices worldwide with technology solutions that enable private market clients globally to effectively measure and manage the metrics that matter. “At Novata we’re focused on continuing to build world-class technology and we are thrilled to welcome Joel on board to ensure our platform stays ahead of the curve in capabilities, speed and security,” said Alex Friedman, CEO Co-Founder of Novata. “As we build on our significant traction in the US and EMEA by expanding in the Asia-Pacific region, we are excited to welcome Jeanne to lead our team in an important new set of markets.”. Novata is committed to delivering a complete solution for sustainability management, enabling companies to effectively track, measure, and report ESG and carbon data seamlessly within a single platform. As businesses worldwide face increasing demands for transparency and sustainability from various stakeholders, the need for comprehensive ESG data management tools has never been more critical

Novata, a fast-growing start-up that is providing ESG data solutions to private market investors, has unveiled a carbon-tracking tool that's devised to be affordable and user friendly to even the smallest portfolio company.