Novisto secures $27m in Series C funding led by Inovia Capital to scale its ESG reporting software.
The financing round will fund product enhancements and accelerate the company footprint across Europe.
≈ £20.2M at $1 = £0.7464 on 20 May 2025
Novisto provides a comprehensive SaaS platform that helps global enterprises collect, manage, and report environmental, social, and governance data.
Novisto has secured $27m in Series C funding to accelerate its European expansion and enhance its sustainability software platform. Inovia Capital led the round, with participation from existing backers White Star Capital, SCOR Ventures, and Sagard. The capital will enable the Montreal-based company to build out a European team comparable in scale to its North American operations.
The financing follows heightened regulatory pressures across Europe, including the Corporate Sustainability Reporting Directive and the EU Taxonomy, which have driven demand for auditable environmental, social, and governance data. Novisto provides a centralised system of record designed to help large enterprises handle complex non-financial disclosures.
The firm has previously gained recognition for its growth, including ranking on The Globe and Mail Top Growing Companies list and receiving honours from Deloitte, Gartner, and Verdantix. With the latest injection of capital, the business aims to consolidate its market position as international standards continue to tighten.
From the founder
"Novisto was created to address the data challenges of sustainability reporting by applying modern technology and data discipline to the sustainability sector. This initiative was driven by the recognition of a market need to bring digital transformation to the sustainability function. The market demands transparent, accurate, and decision-grade sustainability information."
Charles Assaf
CEO and co-founder at Novisto
Investor perspective
"Novisto is trusted by leading global enterprises, showcasing the strength of its premier product. Since its Series B, we have seen how Charles and his team developed a uniquely positioned solution for success. We are excited to continue supporting Novisto as it scales."
Mia Morisset
Principal, Inovia
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
