On February 9, 2023, Novisto, a Montreal-based environmental, social, and governance (ESG) data management software company, has closed a US$20 million Series B financing round. The round, led by iNovia Capital, also included the participation of other key players of the start-up ecosystem, namely Portage Ventures, SCOR Ventures, White Star Capital and Diagram Ventures.
The funding will primarily be used to accelerate Novisto’s product development and service offering in ESG data analytics, and to support its expansion and strategic growth plans. Novisto aims to position itself as a market leader in ESG data management and reporting, while continuing to provide companies with best-in-class ESG data management solutions.
The Fasken team that represented Novisto in this transaction was led by Constantinos Ragas and included Émilie Clairoux, Marianne Khairi-Arancibia, Alain Ranger, Quentin Lageix, LeeAnn Carter, Claudia Amyot and Émilie Barreca (student).
Jurisdiction
- Québec
