Atlas Metrics, a trailblazer in ESG compliance solutions, has recently closed a Series A funding round, amassing €12.2m.
The round was spearheaded by MMC Ventures, with notable contributions from existing backers Cherry Ventures, b2venture, and Redstone. This financial injection is poised to fuel Atlas Metrics’ ambitious expansion plans and bolster its ESG compliance and performance management offerings.
The company, deeply entrenched in the ESG domain, leverages cutting-edge technology to aid mid-sized companies and financial institutions in navigating the complexities of CSRD reporting and regulatory compliance. By automating and streamlining these processes, Atlas Metrics significantly curtails both the financial and legal burdens associated with ESG compliance.
With the fresh capital, Atlas Metrics is set to enhance its product suite. The goal is not only to simplify the ESG compliance process but also to transform sustainability data into a strategic asset that offers competitive advantages. This initiative comes at a crucial time as the EU ramps up its regulatory demands for ESG reporting, affecting over 62,500 organisations by 2025.
Atlas Metrics has already made significant strides in the market, evidenced by its adoption by major entities such as KfW Capital and through strategic partnerships with firms like DG Nexolution. Additionally, leading consultancies including PwC Belgium and TK Moore have integrated Atlas Metrics’ solutions into their sustainability services, further validating its effectiveness and market relevance.
Wladimir Nikoluk, Founder and CEO of Atlas Metrics, remarked on the importance of the funding: “For all businesses across all industries, ESG reporting and compliance has become a necessary part of operations. 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.”
Previous investments have solidified the foundation for Atlas Metrics’ growth, with early support from Cherry Ventures highlighting the company’s commitment to innovation in data management and software solutions. Filip Dames, Founding Partner at Cherry Ventures, praised Atlas Metrics’ approach, stating, “Atlas’ success is testimony to their commitment to building a technology-first rather than consulting-first company. For 3 years, they have innovated around data transfer and aggregation within and across organizations, modular software architecture, and sophisticated end-to-end user flows. We are proud to have backed them since day one.”
Oliver Richards, Partner at MMC Ventures, also commented, “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 organizations to make informed strategic decisions. We are thrilled to support their mission and growth trajectory.”
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