Alex Friedman’s Post

Big news for Novata today - we are excited to announce we have completed a new funding round to drive the next stage of our growth. It is an honor to welcome two fantastic new firms in Motive Ventures (Blythe Masters, Ramin Niroumand, Michael Hock, Isabel Holding) and Apollo Global Management, Inc. (Neil Mehta) to our consortium, alongside our awesome existing backers at Hamilton Lane (Erik Hirsch), S&P Global (Douglas Peterson, Martina Cheung, Adam Kansler, Katie Price), the Ford Foundation (Darren Walker, Roy Swan, Margot Brandenburg, Gerald P.), Omidyar Network (Chris Jurgens, Michael Kubzansky), Microsoft (Brandon Middaugh, Lauren Kickham, Taylor Brugh), and Northern Trust (Melanie Zairis Pickett). Novata is a certified B Corp on a mission to empower private markets to achieve a more sustainable and inclusive form of capitalism. Today, our platform is trusted and used by over 150 GPs in private equity, private credit, and venture capital, and approximately 7000 companies in all major geographies.

Our species' economic activity has directly led to our climate crisis, but it can also help solve it. Central to flipping the script that capitalism leads to bad externalities is empowering the more than 300 million private companies in the world to be part of the solution. This is why we founded Novata and why it was such a pleasure for me to speak at the St. Gallen Symposium this past week about inclusive capitalism and the role of the private business. Thank you to Peter Vogel for hosting us and to Alexis du Roy de Blicquy, Laura Jorde and Emanuel Probst for your thoughtful perspectives. And thanks to Dr. Gunnar Hauptmann, Beat Ulrich and all the awesome students at St. Gallen for your leadership on how we confront issues of scarcity. #InclusiveCapitalism #IMD #ESG #stgallensymposium

We’re thrilled to introduce the Novata Carbon Navigator, the game-changing solution for carbon data management. 📊🌿This makes it easy and affordable for companies to track, measure, and report carbon-related data.

There is a lot to be worried about in the world these days. It is hard, sometimes, not to feel unsettled. When I do, my dog is there to lend a furry paw of help. And it always makes a difference. If you are looking for a distraction from the negative headlines, you might enjoy this piece -- my attempt at a tribute to the angels among us, on four legs.

Novata is proud to be partnering with Northern Trust Corporation on this initiative. Thank you to Melanie Zairis Pickett for your leadership in helping bring sustainability to the private markets.

Labor Day has come and gone. Yet this ephemeral national holiday should not be brushed aside in the hustle and bustle of the going back to school and work. It is more than a day off -- it commemorates the contributions of ordinary Americans in building this great country. It also celebrates their rights to a decent wage and collective bargaining. And this year, as well, it marks the restoration of labor’s central role in the economy and the rewards it justly deserves.

Navigating the alphabet soup of ESG-related standards and frameworks has always been a difficult task. Thankfully, recently the International Sustainability Standards Board and the IFRS Foundation moved the ESG field towards much needed clarity with the release of key new reporting standards. But what about upcoming standards from the U.S. Securities and Exchange Commission, The European Commission (CSRD) and others? My Novata colleague Stephen Cain and I took a crack at boiling down the soup to its base. Although investors and companies still face uncertainty about future disclosure, it is possible to identify the connective tissue that runs through the many regulations and voluntary frameworks. Margot Brandenburg Robert Eccles Allison Spector Mike Grandinetti Lorraine Spradley Wilson Elizabeth Seeger Ken Mehlman John McArthur Peter Dunbar Sophie Gupta Invest Europe Institutional Limited Partners Association (ILPA) Dalia Blass Roy Swan Sanaz Raczynski Carrie Braddock

We are honored to be B Corp certified. This is a natural next step in our company’s journey and underscores to all our stakeholders that we are fully committed to making responsible business decisions.