Enterprise sustainability software company Novisto has raised $27 million in a Series C funding round, aiming to accelerate development of its ESG (Environmental, Social, and Governance) platform and deepen its footprint across Europe.
The round was led by Inovia Capital, with continued support from existing investors White Star Capital, SCOR Ventures, and Sagard. This latest funding brings Novisto’s total capital raised to over $55 million.
Founded to help enterprises effectively manage and disclose ESG data, Novisto’s platform centralizes the collection, consolidation, and governance of sustainability information. Its capabilities are aligned with an expanding landscape of global regulatory requirements, notably the EU’s Corporate Sustainability Reporting Directive (CSRD).
With the new capital, Novisto plans to ramp up innovation within its platform and significantly expand operations in Europe—where ESG regulations are gaining momentum. The company intends to scale its European workforce to match its North American presence, underscoring the region’s growing demand for ESG reporting solutions.
Among its expanding client base is The Emirates Group, joining a roster of multinational companies adopting Novisto to streamline their ESG disclosures. Sanofi, one of the first organizations to release a CSRD-compliant report, leveraged Novisto’s platform to meet the EU’s stringent new standards.
Novisto is also extending its reach through strategic partnerships with key distribution channels, including S&P Global and SLB’s Digital Platform Partner Program. Clients have reported improvements in data quality and a reduction in ESG reporting time by up to 50%.
Commenting on the investment, Mia Morisset, Principal at Inovia Capital, said:
“Novisto is trusted by leading global enterprises, a testament to the strength of its best-in-class product. Since its Series B, we’ve witnessed Charles and his team build a uniquely positioned solution for long-term success. We’re proud to support Novisto as it continues to scale globally.”
