Overview

Novisto provides a platform for managing Environmental, Social, and Governance (ESG) data, aimed at helping businesses enhance their sustainability efforts. The platform utilizes artificial intelligence to streamline data collection, improve the quality of disclosures, and generate insights. It also includes features for peer benchmarking and engaging with stakeholders. Primarily serving public companies that are under pressure to disclose ESG information, Novisto's platform offers a data-centric approach to tackle the complexities of ESG management. Unlike many competitors, Novisto focuses on a subscription-based model, allowing companies to access the necessary tools for effective ESG data management on an ongoing basis. The goal of Novisto is to support businesses in meeting the growing demands for sustainability performance and transparency.

Simplify's Take

What believers are saying

• Growing demand for AI-driven ESG solutions boosts Novisto's market potential.
• Series B funding enables accelerated product development and market expansion.
• Partnership with Mila enhances technological capabilities and competitive advantage.

What critics are saying

• Increased competition from established firms like Workiva and Enablon.
• Potential EU regulatory changes may require platform adjustments.
• Rapid AI advancements could render current solutions obsolete if not updated.

What makes Novisto unique

• Novisto offers an AI-driven ESG data management platform for public companies.
• The platform includes peer benchmarking and stakeholder engagement features.
• Novisto's subscription-based model provides recurring revenue from its clients.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$27.4M

Below

Industry Average

Funded Over

3 Rounds

$19,800,000

Series B

May 2023

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

Ind Avg. $35M

$4M

$19.8M

$30M

$45M

$65M

$100M

View all funding stages