When our Venture Investment Team initially invested in Novisto in early 2023, we knew we were backing a team and a platform poised to define the future of sustainability reporting. Since then, the company has made incredible strides, earning the trust of some of the world’s most respected enterprises and positioning itself as a breakout category leader in a fast-evolving space.
Today, we’re thrilled to announce that the Inovia Growth Investment Team is leading Novisto’s Series C financing; this marks a new chapter in our partnership with the company—one grounded in deep conviction, strengthened relationships, and a clear view of the road ahead.
A Market That’s Moving Fast—and Getting Larger
The sustainability landscape has continued to evolve at a pace, with regulatory tailwinds pushing disclosure from “nice to have” to “non-negotiable” for companies globally. From the EU’s CSRD to California’s SB 253/261, new mandates rapidly increase the number of organizations required to report on sustainability performance and governance metrics.
In Europe, the recent Omnibus proposal aims to streamline ESG regulation. By consolidating requirements and focusing on accountability from the largest firms with the most significant environmental and social impacts, the EU clarifies expectations while reinforcing the strategic importance of high-quality sustainability reporting.
Yet, even as frameworks mature, most enterprises still lack the tools to manage ESG data with the same precision and control they apply to financial reporting. Regulation is driving urgency, and with ESG moving up the boardroom agenda, demand for purpose-built solutions is accelerating.
Novisto’s platform fills this gap, offering a flexible, scalable solution purpose-built for global enterprises navigating fragmented regulations, elevated stakeholder expectations, and a rising bar for data quality. As Europe sharpens its focus on accountability at scale, Novisto is intensifying its go-to-market efforts across the region.
Execution That Earns Our Conviction
A great market is only half the equation. What ultimately reinforced our conviction in Novisto was its consistent execution and the calibre of the team leading the charge.
Under the leadership of CEO Charles Assaf, the company has built commercial momentum and deepened enterprise traction. He has attracted a seasoned team with the experience and drive to take Novisto through its next growth phase. Wins across industries and geographies highlight the team’s ability to land global blue-chip customers.
Over the past 18 months, we’ve worked closely with the broader leadership team. Their clarity of vision, operational rigour, and ambition to build a durable business made this an easy decision for us.
A Platform Built to Lead
Novisto stands out as one of the most comprehensive sustainability reporting platforms. Its robust architecture and intuitive design give enterprise customers confidence as they navigate increasingly complex reporting demands across jurisdictions and stakeholder groups.
While many vendors still offer narrow point solutions, Novisto takes a different approach that prioritizes long-term scalability, breadth of functionality, and enterprise usability. We believe this positions the company to lead the category for years to come.
Looking Ahead
Backing Novisto’s Series C is Inovia’s renewed bet on a team, a vision, and a category that is only getting started. We’re excited to continue working alongside Charles and the entire team. Sustainability is no longer a side conversation; it’s a core business imperative, and we believe Novisto is the platform to make that possible at scale. We’re thrilled to be part of the journey!