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New Esg Technology Platform Novata Closes $21 Million Series A Funding Round

PRIVATENov 09, 2021

Amount Raised

$21 Million

Round Type

Series A

New YorkAnalytics

Investors

Omidyar Network

Description

Novata, an innovative new technology platform and public benefit corporation that provides the private markets with a cutting-edge Environmental, Social and Corporate Governance (ESG) solution, has announced a Series A investment of $21 million. The investment represents one of the largest initial funding rounds for a public benefit corporation. Principal investors include members of the one-of-a-kind consortium that collaborated to launch Novata in October 2021, including the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network. This significant funding enables Novata to meet the private markets' critical and immediate need for an independent, unbiased and flexible open architecture platform to more consistently report on relevant ESG data.

Quick answer

Novata raised $21 Million in a Series A round, dated November 9, 2021. Investors: Omidyar Network. Novata is based in New York, New York, United States.

How much did Novata raise?
Novata raised $21 Million in a Series A round on November 9, 2021.
Who invested in Novata?
Omidyar Network is named as investors in this round.
What does Novata do?
Novata is a certified B Corporation that empowers the private markets to achieve a more sustainable and inclusive form of capitalism.
Where is Novata based and how big is it?
Novata is based in New York, New York, United States. Fundz records about 125 employees.
Who are the decision-makers at Novata?
Fundz holds 1 contact at Novata. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Analytics around the same time

Companies in the same sectors as Novata that raised within 45 days of this round, from Fundz verified event records.

  • ArcSpan raised $6M on December 20, 2021.
  • ArcSpan raised $6M (Seed) on December 15, 2021.
  • Zartico raised $2.4M (Seed) on December 13, 2021.
  • Tagger Media, Inc. raised $15M on December 9, 2021.
  • Beeline Holdings raised an undisclosed amount (Series A) on December 9, 2021.
  • NetSpring raised $13M (Series A) on December 7, 2021.

Who to call at Novata, and when

A new round usually means Novata is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Novata

Location

1085 OCEAN AVENUE

New York, New York, United States

About

Novata is a certified B Corporation that empowers the private markets to achieve a more sustainable and inclusive form of capitalism. Novata’s technology platform makes navigating the ESG landscape simple for private markets by identifying a clear starting point for selecting the metrics that matter, streamlining data collection, and contextualizing data to drive reporting and action. Novata is backed by the Ford Foundation, Hamilton Lane, Microsoft, Northern Trust, Omidyar Network, and S&P Global. Our mission is to empower the private markets to achieve a more sustainable and inclusive form of capitalism. We’re building a platform to address the private markets' critical and immediate need for simple, yet powerful tools to reduce the burden of collecting, managing, and benchmarking ESG data.

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Fundz sees it the moment Novata raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Novata raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.