Atlas Metrics, a Berlin-based ESG data management startup, has raised €12.2 million in a Series A funding round. The company plans to use the funds to invest in its team, expand into new markets, and further develop its ESG compliance and performance management platform. Founded in 2021, Atlas Metrics provides solutions that help organizations, primarily mid-sized companies and financial institutions, meet growing Sustainability-related reporting and compliance requirements, such as the EU’s new Corporate Sustainability Reporting Directive (CSRD).
The platform automates and streamlines CSRD reporting and related regulatory obligations through automation, AI, secure data sharing, and advanced analytics. Wladimir Nikoluk, Founder and CEO of Atlas Metrics, stated, “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, simplifying ESG compliance and turning sustainability data into a competitive advantage.
The funding round was led by technology-focused venture capital investor MMC Ventures, with participation from existing investors Cherry Ventures, b2venture, and Redstone. Oliver Richards, Partner at MMC Ventures, commented, “Atlas Metrics is at the forefront of a critical shift, accelerated by regulatory tailwinds, towards greater transparency and accountability in business practices.
Atlas expands CSRD compliance platform
We are thoroughly impressed by their comprehensive platform, which streamlines ESG compliance and offers valuable data and analytics, enabling organizations to make informed strategic decisions. We are thrilled to support their mission and growth trajectory.”
By 2025, over 62,500 organizations must meet rigorous annual requirements, including double materiality assessments, corporate carbon footprint accounting, and audit-ready CSRD reporting. For example, a German company with €100 million in revenue is estimated to incur an annual cost of €250,000 for manual compliance and face a €5 million fine (5 percent of turnover) for non-compliance.
Atlas Metrics already serves clients like KfW Capital, which uses the platform to track its portfolio of over 100 funds and 1,300 portfolio companies. In partnership with DG Nexolution, a key provider of digital solutions within the German cooperative network, the platform will be accessible to up to 700 banks and their business customers. Filip Dames, Founding Partner at Cherry Ventures, said, “Atlas’ success is a testimony to their commitment to building a technology-first rather than consulting-first company.
For three 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.”
