Berlin-based ESG software startup Atlas Metrics has raised €12.2 million in Series A funding to expand its team, enter new markets, and enhance its ESG compliance and performance management platform. Founded in 2021, the company helps mid-sized businesses and financial institutions meet regulatory requirements, including the EU’s Corporate Sustainability Reporting Directive (CSRD). Atlas Metrics’ platform automates ESG reporting, utilizing AI and advanced analytics to transform sustainability data into strategic insights. The funding round was led by MMC Ventures, alongside existing investors Cherry Ventures, b2venture, and Redstone.
Berlin-based ESG data management startup Atlas Metrics has raised €12.2 million in a Series A funding round to drive growth, expand into new markets, and enhance its ESG compliance and performance management offerings. The company's innovative platform, founded in 2021, leverages automation, AI, and advanced analytics to simplify sustainability reporting for businesses, particularly mid-sized companies and financial institutions. Its tools are designed to streamline compliance with new regulatory requirements, such as the EU’s Corporate Sustainability Reporting Directive (CSRD).
The round was led by venture capital firm MMC Ventures, with support from existing investors Cherry Ventures, b2venture, and Redstone. Atlas Metrics previously raised €5.2 million in a seed round in 2023. The platform's ability to automate ESG reporting and convert sustainability data into actionable insights aims to provide businesses with a competitive edge in navigating the complex regulatory environment.
CEO and Founder Wladimir Nikoluk emphasized that ESG compliance has become an operational necessity, albeit costly and risky. He stated, “This funding will allow us to enhance our product offerings, not only to simplify ESG compliance but also to turn sustainability data into a competitive advantage.”
Oliver Richards, Partner at MMC Ventures, highlighted Atlas Metrics' leadership in driving greater transparency and accountability in business practices, praising the platform's ability to empower companies with valuable insights and informed decision-making.
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