Berlin-based Atlas Metrics bags €12.2M for its ESG data platform

Berlin-based Atlas Metrics, an ESG data platform, announced on Monday that it has secured €12.2M in a Series A funding round led by MMC Ventures.

Other existing investors, including b2venture, Cherry, and Redstone, also participated.

The German company will use the funds to invest in its team, expand into new markets, and develop its ESG compliance and performance management offering.

Atlas Metrics: Automating & streamlining CSRD reporting

Founded by Wladimir Nikoluk, Atlas Metrics provides an all-in-one platform for ESG compliance and sustainability performance management.

Leveraging automation, AI, secure data sharing, and advanced analytics, the Berlin-based platform makes it easy for any organisation to measure and communicate its impact. 

By providing essential data and reporting tools, the company aims to accelerate the transition to sustainable business models.

“For all businesses across all industries, ESG reporting and compliance has become a necessary part of operations”, says Wladimir Nikoluk, Founder and CEO of Atlas Metrics.

“But it is costly and risky to manage. 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,” adds Nikoluk.

KfW Capital, a European investor, has chosen Atlas Metrics to track its portfolio of over 100 funds and 1,300 portfolio companies.

Through its partnership with DG Nexolution, up to 700 banks and their business customers will have access to the platform.

Other consultancies like PwC Belgium and TK Moore now provide access to Atlas Metrics alongside their sustainability services to help customers automate manual tasks.

The investor

MMC is a European CV firm focusing on early-stage AI and data science companies across sectors, including cloud & data infrastructure, enterprise AI, fintech, and data-driven health.

To date, the VC has backed companies, including Synthesia, Copper, Signal AI, Current Health, and Snowplow Analytics.

Oliver Richards, Partner at MMC Ventures, adds, “Atlas Metrics is at the forefront of a critical shift, accelerated by regulatory tailwinds, towards greater transparency and accountability in business practices. We are thoroughly impressed by their comprehensive platform, which not only streamlines ESG compliance but also offers valuable data and analytics, enabling organisations to make informed strategic decisions. We are thrilled to support their mission and growth trajectory.”