Atlas Metrics, a Berlin-based ESG data management startup, announced today the successful close of a €12.2 million Series A funding round. The investment will be directed toward expanding its team, broadening market reach, and enhancing its suite of ESG compliance and performance management tools.
Founded in 2021, Atlas Metrics has quickly established itself as a key player in ESG compliance and sustainability performance management. The company utilizes advanced automation, artificial intelligence, secure data sharing, and analytics to simplify the often complex and resource-intensive process of environmental, social, and governance reporting. Targeting mid-sized enterprises and financial institutions, Atlas Metrics focuses on helping clients meet stringent sustainability and regulatory requirements, including those mandated by the EU’s Corporate Sustainability Reporting Directive (CSRD). The startup’s solutions are designed to automate and streamline CSRD reporting and other related regulatory tasks.
CEO and Founder Wladimir Nikoluk expressed optimism about the company’s growth and mission, stating:
“Across all industries, ESG reporting and compliance have become integral to operations, but they are often costly and fraught with risk. This new funding empowers us to expand our offerings, making ESG compliance simpler and enabling our clients to leverage sustainability data as a strategic asset.”
The Series A round was led by MMC Ventures, a venture capital firm specializing in technology investments. Existing backers, including Cherry Ventures, b2venture, and Redstone, also participated in the round. This recent financing follows Atlas Metrics’ €5.2 million seed round in the previous year, which was led by b2venture and Cherry Ventures.
MMC Ventures Partner Oliver Richards highlighted the strategic value of Atlas Metrics’ offerings, saying:
“Atlas Metrics is pioneering a vital transition toward enhanced transparency and accountability in corporate practices, driven in part by mounting regulatory pressures. We are impressed by the platform’s comprehensive approach to ESG compliance and its robust data and analytics capabilities, which empower businesses to make informed, strategic decisions. We look forward to supporting Atlas Metrics on its growth journey.”
Atlas Metrics’ tools have become a critical resource as businesses increasingly recognize the importance of ESG data for both regulatory compliance and strategic advantage. With the growing demand for streamlined, insightful ESG reporting, the company is well-positioned to play a central role in shaping sustainable business practices.
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