Novisto, a Montreal, Canada-based sustainability reporting software company, has raised $27 million in Series C funding.
Investors
The round was led by Inovia Capital, with participation from previous investors including White Star Capital, SCOR Ventures, and Sagard.
Inovia Capital is a Canadian full-stack software investor, partnering with founders to build impactful and enduring global companies. With three investment strategies—Discovery, Venture, and Growth—the team leverages an operator-led mindset to provide founders with multi-stage support, mentorship, and access to a worldwide network. Inovia manages over US$2.5 billion, with operations in Montreal, Toronto, Waterloo, Calgary, the Bay Area, and London.
Novisto Use of Funds
The company will use the funds to develop its sustainability reporting platform further, scale its European operations, and continue advancing ESG compliance capabilities.
About Novisto
Led by CEO Charles Assaf, Novisto is a SaaS company specializing in ESG data management and sustainability reporting. Its platform helps companies streamline the collection, validation, analysis, and disclosure of Environmental, Social, and Governance (ESG) data. Headquartered in Montreal, Canada, Novisto supports organizations across industries, including technology, healthcare, aviation, and manufacturing. Founded in 2019, Novisto serves major clients like The Emirates Group, Sanofi, and Moderna.
Funding Details
Company: Novisto, Inc.
Raised: $27.0M
Round: Series C
Funding Date: May 2025
Lead Investor: Inovia Capital
Additional Investors: White Star Capital, SCOR Ventures, Sagard
Company Website: https://novisto.com/
Software Category: Sustainability Reporting / ESG Compliance / Enterprise SaaS
Source: Connor Mitchel