News Summary

Montréal-based ESG reporting software company Novisto has secured $37.7 million CAD in a Series C funding round led by Inovia Capital, with participation from existing investors such as White Star Capital, Scor Ventures, and others. The funds will support Novisto’s expansion into the European market amid growing opportunities due to new ESG reporting regulations. The company, founded in 2019, provides software that aids large enterprises in collecting, auditing, and reporting ESG data. Despite backlash against ESG policies, demand for Novisto’s platform remains robust as large firms continue to prioritize sustainability.