Novata

Novata

Customizable metrics platform for private markets

Overview

Novata provides a suite of tools for private markets to collect and analyze key performance metrics, with highly customizable metrics that can be aligned to a client’s industry framework or regulations. Its platform guides users through data collection with in-platform guidance, calculators, and AI-powered guardrails, and supports adding advanced or existing metrics as well as hundreds of ESG benchmarks for reporting and decision-making. Security is a priority, evidenced by SOC-2 compliance, and the platform includes services to tailor ESG reporting to specific regulations or objectives. The goal is to help private market clients make informed decisions using trusted data and reporting tools.

About Novata

Simplify's Rating
Why Novata is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$51M

Headquarters

New York City, New York

Founded

2021

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Simplify's Take

What believers are saying

  • Risk Atlas launched May 19, 2026, widening Novata into portfolio risk monitoring.
  • Novata for Supply Chains launched July 13, 2026, targeting supplier reporting automation.
  • Novata reported 400-plus clients and 13,000 companies, signaling expanding network effects.

What critics are saying

  • Novata depends on Microsoft, EcoVadis, and S&P Global for product depth.
  • Atlas Metrics integration risks churn, duplicated roadmaps, and execution drag through 2026.
  • If private-markets ESG budgets tighten, Novata's subscription-heavy compliance stack gets commoditized.

What makes Novata unique

  • Novata spans metrics, carbon, risk, and regulatory workflows for private markets.
  • Atlas Metrics added 400 clients and 13,000 reporting companies in 2026.
  • EcoVadis integration brings verified primary carbon data into Novata's platform.

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Funding

Total Funding

$51M

Meets

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Novata
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Stock Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

2%
BusinessCloud
Aug 6th, 2026
Climate tech platform Zevero appoints global head of product.

Climate tech platform Zevero appoints global head of product. Nick Donoghue joins from Novata, with his appointment following a $7m (£5.2m) investment round earlier this year London-based climate tech platform Zevero has appointed Nick Donoghue as its global head of product. Donoghue, who brings nearly two decades of experience in corporate sustainability and supply chain management, joins Zevero from Novata, where he served as lead product manager. He previously spent 10 years at supply chain decarbonisation platform Manufacture 2030, now Secaro, where he helped grow the team from its inception through to its Series A round. Donoghue is also a co-founder of Scope3Navigator, a sustainability solutions aggregator, and has served as a domain expert at Carbon13, a Cambridge-based venture builder. He will be responsible for leading product development at Zevero and accelerating innovation to meet growing demand from clients and the wider industry. Donoghue said: "With global regulations in flux, carbon and sustainability management needs to go beyond compliance and connect with commercial goals. It's an exciting time to join Zevero, which has the technology, expertise and ambition to help businesses do this." Zevero is an expert-led carbon management platform that helps businesses measure and manage their emissions data and derive strategic value from it. By combining automated carbon accounting with in-house sustainability expertise, the platform helps organisations turn emissions reporting into decision-ready insights. Ben Richardson, co-founder and chief sustainability officer at Zevero, said: "We are delighted to welcome Nick to Zevero. His deep understanding of corporate sustainability, supply chains and product development will be invaluable as we strengthen our platform and support increasingly complex organisations across global markets." Founded in 2021, Zevero has grown into a 60-person company operating across more than 20 countries. Its customers span global manufacturing, fast-moving consumer goods and consumer brands, including Asahi Group, the Tokyo Metropolitan Government and waterdrop. Zevero recently acquired Inhabit to expand its sustainability advisory capabilities and support businesses in translating carbon insights into practical decarbonisation strategies.

PR Newswire
Jul 30th, 2026
EcoVadis and Novata form new partnership to deliver high-precision, primary Carbon Data integration for corporate and investor decarbonization.

EcoVadis and Novata form new partnership to deliver high-precision, primary Carbon Data integration for corporate and investor decarbonization. Jul 30, 2026, 08:00 ET The collaboration embeds verified EcoVadis supplier data into Novata's sustainability management platform, further expanding the EcoVadis Carbon Data Network to advance Scope 3 transparency and satisfy intense regulatory and investor scrutiny. PARIS and NEW YORK, July 30, 2026 /PRNewswire/ - EcoVadis, the global standard for resilient, sustainable supply chains, and Novata, a leading sustainability management platform for private markets, today announced a new partnership. The collaboration creates a seamless data-to-insight pipeline by embedding verified EcoVadis supplier primary carbon metrics directly into Novata's secure platform. This announcement marks the latest milestone in EcoVadis' mission to build the market's most interconnected Carbon Data Network (CDN), a rapidly expanding ecosystem designed to accelerate Scope 3 transparency and reporting by linking high-quality primary data with leading carbon accounting and sustainability platforms. "Building a truly resilient and transparent global supply chain requires deep interoperability across the climate tech ecosystem," said Dexter Galvin, SVP Climate at EcoVadis. "By welcoming Novata to our rapidly expanding Carbon Data Network, we are making it easier than ever for corporations and financial institutions to shift from spend-based estimates to precise primary data. This integration empowers users with the trusted data engine needed to calculate reliable Scope 3 footprints and drive real, measurable decarbonization." This partnership also leverages the strength of the recently published EcoVadis Carbon Data Reliability Level(TM)(DRL) Framework - rooted in EcoVadis methodology and powered by its Carbon Data Network - to restore trust and reliability in corporate carbon emissions reporting. Through this integration, investment firms and corporate clients can effortlessly route primary supplier emissions data directly into Novata's data management space. By providing high-quality supplier data and carbon maturity analytics drawn directly from the supply chain footprint, EcoVadis serves as the primary data engine. In turn, Novata's carbon solution ingests this primary data, enabling mutual users to move past high-level sector averages and calculate highly accurate Scope 3.1 footprints, drawing granular insights by location and activity type, and allowing organizations to execute data-backed decarbonization strategies capable of satisfying strict investor and regulatory demands. "To effectively navigate today's rigorous regulatory environment and meet investor expectations, businesses need granular, verifiable data," said Conor O'Laoire, Head of Global Partnerships at Novata. "Partnering with EcoVadis allows us to securely ingest verified primary carbon metrics directly into Novata's platform. This integration gives our clients the clarity they need to move beyond industry averages, gain precise visibility into their supply chains, and execute highly targeted sustainability strategies." With this announcement, Novata joins other leading platforms within the EcoVadis Carbon Data Network to close the critical Scope 3 data gap, transforming compliance requirements into an actionable catalyst for business value and global carbon reduction. ABOUT ECOVADIS EcoVadis is a purpose-led business embedding sustainability intelligence into decisions across global supply chains. Its ratings, risk, carbon, e-learning, and worker voice solutions equip organizations to understand supplier performance, manage regulatory and operational risk, drive greenhouse gas emissions reductions, and build more resilient value chains. In 2024, EcoVadis acquired Ulula, a specialized worker voice platform, expanding its capabilities for human rights due diligence and direct worker insight. More than 175,000 businesses across 250 industries and 185 countries use EcoVadis, including Johnson & Johnson, L'Oréal, Unilever, Bridgestone, BASF, and JPMorgan. ABOUT NOVATA Novata's solutions make it easy for organizations to achieve their sustainability goals and create value. Our trusted sustainability management platform and advisory practice empowers organizations to automate data collection and reporting, streamline carbon accounting, simplify regulations, benchmark performance, and monitor risk. Backed by the Ford Foundation, Hamilton Lane, Microsoft, Motive Partners, Omidyar Network, Northern Trust and S&P Global, Novata is majority controlled by mission-driven organizations and its employees, and is a B-Corp-certified public benefit corporation. SOURCE EcoVadis

Associated Press
Jul 13th, 2026
Novata launches AI-powered platform for scalable supplier sustainability data collection

Novata has launched Novata for Supply Chains, a platform enabling organisations to request, track and manage sustainability data from suppliers through a single structured workflow. The solution replaces manual data collection with a standardised, AI-powered system that provides visibility into supplier networks. The platform allows organisations to set up supplier accounts, track progress in real time, and review submissions with a full audit trail. Novata AI helps suppliers upload data from internal systems and extract information from documents, whilst surfacing risk signals and translating sustainability information into actionable insights for organisations. The solution builds on Novata's collaboration with Microsoft to streamline supplier sustainability data collection. It supports both data collectors and suppliers, offering standardised responses and reducing the reporting burden for resource-constrained teams.

ESG Today
May 20th, 2026
Novata launches portfolio, supply chain risk monitoring solution.

Novata launches portfolio, supply chain risk monitoring solution. Private markets-focused sustainability data solutions provider Novata today announced the launch of Risk Atlas, a new AI-powered tool designed to help investors and companies identify, prioritize and monitor emerging risks across portfolios and supply chains. New York-based Novata was founded in 2021 by S&P Global, the Ford Foundation, asset management firm Hamilton Lane, and social change-focused investment firm Omidyar Network. Developed in collaboration with general partners (GPs) and limited partners (LPs), the platform was designed to provide private markets investors with a solution for ESG measurement, data collection and benchmarking, and enable reporting on sustainability data. According to the company, the new solution measures risk across five key categories - including reputational, cyber, geopolitical, physical climate, and transition risk - using AI-enabled intelligence from specialized service providers to continuously surface, structure, and refresh risk signals. Key features and capabilities of the new solution highlighted by Novata include enabling organizations to identify where risk is concentrated or emerging across multiple categories, compare risk across companies, sectors, and categories and understand how multiple risks contribute to an entity's overall exposure profile, and to prioritize monitoring and engagement based on material exposure. The company said that the platform is designed to support the full investment lifecycle, from pre-investment screening to ongoing portfolio oversight, providing the ability to flag high-risk exposures before capital deployment, track risk developments through automated updates, monitor portfolio exposure at scale, and customize risk thresholds and weightings based on strategy. Christina Anslem, Advisory Manager at Novata said: "We built Risk Atlas to help organizations move beyond fragmented risk signals. By standardizing risk across portfolios and supply chains, the platform helps teams identify where exposure is most critical, scale monitoring more efficiently, and focus resources where action is needed most."

Business Wire
May 19th, 2026
Novata launches AI-powered Risk Atlas to monitor portfolio and supply chain threats

Novata has launched Risk Atlas, an AI-powered risk monitoring tool that helps organisations identify and prioritise risks across portfolios and supply chains. The platform provides a unified framework for comparing risk across entities, normalising diverse signals into a comparable view. Risk Atlas monitors five core categories: reputational, cyber, geopolitical, physical climate and transition risk. It uses AI-enabled intelligence to continuously surface and refresh risk signals, enabling users to flag high-risk exposures, track changes over time and customise thresholds based on strategy. The tool supports the full investment lifecycle, from pre-investment screening to ongoing portfolio oversight. For investors, it enables more consistent diligence and engagement, whilst companies gain systematic visibility into supplier and regional risk. Novata is a B-Corp-certified public benefit corporation backed by the Ford Foundation, Hamilton Lane and Microsoft.

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