About Novisto
Novisto is a company based in Montreal (Canada) founded in 2019 by Marian Borca, Charles Assaf, and Edouard Clement.. Novisto has raised $56.5 million across 4 funding rounds from investors including SCOR, Sagard and Portage. Novisto offers products and services including Sustainability Management Software, Carbon Management, and ESG Reporting. Novisto operates in a competitive market with competitors including EcoVadis, Datamaran, Diginex, Provenance and Manifest Climate, among others.
- Headquarter Montreal, Canada
- Founders Marian Borca, Charles Assaf, Edouard Clement
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.5 M (USD)
in 4 rounds
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Latest Funding Round
$27 M (USD), Series C
May 20, 2025
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Investors
SCOR
& 5 more
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Employee Count
Employee Count
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Products & Services of Novisto
Novisto offers a comprehensive portfolio of products and services, including Sustainability Management Software, Carbon Management, and ESG Reporting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing ESG data and reporting efficiently.
Tools for measuring and tracking carbon emissions data.
Software for generating sustainability disclosures and benchmarks.
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Software Development Team
9 people
Product Management Team
8 people
Leadership Team
8 people
Senior Team
8 people
Customer Team
4 people
Finance and Accounting
3 people
Sales and Marketing
3 people
Human Resources and Administration
2 people
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Funding Insights of Novisto
Novisto has successfully raised a total of $56.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $27 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $27.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series C - Novisto | Valuation | Inovia Capital | |
| Feb, 2023 | Amount | Series B - Novisto | Valuation | Inovia Capital | |
| May, 2021 | Amount | Series A - Novisto | Valuation | White Star Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Novisto
Novisto has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SCOR, Sagard and Portage. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A global fintech and financial services investment platform is operated.
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Founded Year | Domain | Location | |
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A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds.
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Founded Year | Domain | Location | |
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Early-stage investments in insurance, financial services, and healthcare are targeted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Novisto
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Novisto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novisto Comparisons
Competitors of Novisto
Novisto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EcoVadis, Datamaran, Diginex, Provenance and Manifest Climate, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainability ratings for supply chains are provided via SaaS platform.
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| domain | founded_year | HQ Location |
AI platform used to transform ESG data into actionable insights.
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| domain | founded_year | HQ Location |
ESG reporting and supply chain risk management software is provided.
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| domain | founded_year | HQ Location |
Environmental and social product impacts are traced via blockchain.
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| domain | founded_year | HQ Location |
Provider of AI-powered sustainability reporting solutions. It offers tools for gap analysis, benchmarking, and data analysis to help organizations comply with ESG regulations and improve sustainability performance. The platform automates many manual processes, allowing for faster, more efficient reporting and improved insights into sustainability risks and opportunities. It provides access to data and analysis through a platform, API, or CSV exports. The AI is trained by ESG and climate experts to ensure accuracy and reliability.
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| domain | founded_year | HQ Location |
ESG and corporate governance research and ratings are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novisto
Frequently Asked Questions about Novisto
When was Novisto founded?
Novisto was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Novisto located?
Novisto is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Novisto?
Charles Assaf is the current CEO of Novisto. They have also founded this company.
Is Novisto a funded company?
Novisto is a funded company, having raised a total of $56.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Jun 01, 2020.
What does Novisto do?
Novisto was founded in 2019 in Montreal, Canada, as a provider of cloud-based software for sustainability management. Operations focus on ESG data collection, reporting, benchmarking, and collaborative workflows. Services encompass automation, AI-driven insights, risk management, and oversight for areas such as waste and human rights. The platform supports decision-making and value creation in the sustainability sector.
Who are the top competitors of Novisto?
Novisto's top competitors include EcoVadis, Manifest Climate and Datamaran.
What products or services does Novisto offer?
Novisto offers Sustainability Management Software, Carbon Management, and ESG Reporting.
Who are Novisto's investors?
Novisto has 6 investors. Key investors include SCOR, Sagard, Portage, White Star Capital, and Diagram Ventures.
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