Atlas Metrics raises €12.2m Series A funding to make ESG compliance effortless across Europe

Atlas Metrics, an all-in-one platform for ESG compliance and sustainability performance management, has secured €12.2 milllion Series A funding round, led by MMC Ventures with strong participation from existing investors Cherry Ventures, b2venture and Redstone. With this funding, Atlas Metrics plans to invest in its team, expand into new markets, and continue to develop its ESG compliance and performance management offering.

Through automation, AI, secure data sharing, and advanced analytics, the Atlas Metrics platform makes it easy for any organization to measure and communicate its impact.

Wladimir Nikoluk, Founder and CEO, Atlas Metrics: ''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.''

Access to data on non-financial impacts is crucial to meet increasingly strict regulations, protect key business value drivers, and operate with transparency toward all stakeholders and the environment. In the EU, the regulatory pressure is rapidly growing. By 2025 over 62,500 organizations must meet rigorous annual requirements, including double materiality assessments, corporate carbon footprint accounting, and audit-ready CSRD (Corporate Sustainability Reporting Directive) reporting. A German company with €100 million in revenue is estimated to incur an annual cost of €250k for manual compliance and a €5 million fine (5% of turnover) for non-compliance.

Atlas is emerging as the winner in a competitive market. KfW Capital, one of Europe’s largest investors, has chosen the platform to track its portfolio of over 100 funds and 1,300 portfolio companies. Through its partnership with DG Nexolution, a key provider of digital solutions within the German cooperative network, up to 700 banks and their business customers will have the opportunity to use the platform. Leading consultancies like PwC Belgium and TK Moore also now provide access to Atlas Metrics in parallel with their sustainability services to help customers automate otherwise manual tasks.

Filip Dames, Founding Partner, Cherry Ventures: ''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, MMC Ventures: "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."

www.atlasmetrics.io

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