Novata Acquires Atlas Metrics to Expand ESG Platform for Private Markets

New York-based ESG data platform Novata announced the acquisition of Berlin-based Atlas Metrics, a European sustainability performance and reporting platform focused on helping banks, companies, and investors meet regulatory compliance requirements. The combined company will serve more than 400 clients and over 13,000 companies.

Founded in 2021, Atlas Metrics provides an AI-powered ESG compliance and sustainability performance management platform designed to ease sustainability measurement and reporting for banks, institutional investors, and corporations, with a strong focus on European regulatory frameworks. Novata was founded in the same year by S&P Global, the Ford Foundation, Hamilton Lane, and Omidyar Network, and was built to provide private markets investors with tailored ESG measurement, data collection, and benchmarking capabilities. The acquisition integrates Atlas Metrics' European regulatory expertise with Novata's private market investor focus.

The deal follows a fundraising round by Novata led by S&P Global, with participation from Hamilton Lane, Motive Ventures, the Ford Foundation, and Novata co-founders. Novata also recently expanded its collaboration with S&P Global Sustainable1, serving as technology partner to power sustainability data management solutions for Sustainable1 clients. The combined platform's 13,000-company coverage positions the merged entity as a significant provider of ESG data infrastructure in the private markets segment, where standardized sustainability data has historically been difficult to obtain.

The acquisition reflects a wave of consolidation in the sustainability data and reporting software sector as providers seek scale to compete for large institutional mandates and to invest in the technology required to meet rapidly evolving regulatory requirements. Atlas Metrics' European footprint and regulatory expertise provide Novata with a stronger position for clients navigating the CSRD, EU Taxonomy, and SFDR. For private equity firms and lenders with portfolio companies in India and other emerging markets, tools that can aggregate and standardize sustainability data across diverse holdings are becoming increasingly operationally important.

Key figure — 400+ clients and 13,000+ companies served by the combined platform