What is Novata?
Novata operates as an independent, secure repository designed to solve the fragmentation inherent in private company data. By providing a standardized framework for reporting, the company enables stakeholders to derive meaningful insights from private market performance. Its platform is engineered to facilitate comparability across diverse portfolios, effectively bridging the information gap that has historically hindered private equity and venture capital decision-making. Based in New York, Novata serves as a critical infrastructure layer for financial institutions, asset managers, and private enterprises seeking to enhance transparency and operational efficiency through robust data analytics.
How much funding has Novata raised?
Novata has raised a total of $60M across 2 funding rounds:
Series B
$30M
Series B
$30M
Series B (2023): $30M with participation from Ford Foundation, S&P Global, and Hamilton Lane
Series B (2024): $30M led by Microsoft, Hamilton, S&P Global, and Ford Foundation
Key Investors in Novata
Microsoft
A global technology giant providing software, hardware, and cloud services, Microsoft focuses on enterprise-grade solutions that drive digital transformation across various industries.
S&P Global
A premier provider of financial intelligence, benchmarks, and analytics, S&P Global empowers capital markets by delivering essential data to navigate complex economic environments.
Hamilton Lane
An investment firm specializing in private markets, Hamilton Lane provides direct and fund-of-fund investment strategies with a focus on long-term value creation across diverse sectors.
What's next for Novata?
Looking ahead, the strategic deployment of $30M will likely focus on scaling Novata's technological infrastructure and expanding its reach within the global financial ecosystem. As the demand for ESG reporting and standardized performance benchmarks intensifies, Novata is poised to capture significant market share by integrating deeper analytical tools into its existing repository. The company's trajectory suggests a shift toward becoming the definitive source of truth for private market intelligence, enabling more sophisticated capital allocation strategies and fostering greater accountability across the private investment landscape.
See full Novata company page
