ESG knowledge administration startup Atlas Metrics introduced at the moment that it has raised €12.2 million in a Collection A funding spherical, with proceeds aimed toward supporting investments within the firm’s group, its enlargement into new markets, and the event of its ESG compliance and efficiency administration providing.
Based in 2021, Berlin-based Atlas Metrics gives an ESG compliance and sustainability efficiency administration, using automation, AI, safe knowledge sharing, and superior analytics to ease impression communications and measurement for organizations. The corporate focuses on serving to mid-sized firms and monetary establishments meet rising sustainability-related reporting and compliance necessities, such because the EU’s new Company Sustainability Reporting Directive, with Atlas Metrics’ options automating and streamlining CSRD reporting and associated regulatory obligations.
Wladimir Nikoluk, Founder and CEO of Atlas Metrics, mentioned:
“For all companies throughout all industries, ESG reporting and compliance has turn out to be a mandatory a part of operations. However it’s expensive and dangerous to handle. This funding will enable us to reinforce our product choices, not solely to simplify ESG compliance but additionally to show sustainability knowledge right into a aggressive benefit.”
The funding spherical was led by technology-focused enterprise capital investor MMC Ventures, and included participation from present traders Cherry Ventures, b2venture and Redstone. The financing follows a €5.2 million seed spherical final yr, led by b2venture and Cherry Ventures.
Oliver Richards, Companion at MMC Ventures, mentioned:
“Atlas Metrics is on the forefront of a essential shift, accelerated by regulatory tailwinds, in direction of higher transparency and accountability in enterprise practices. We’re totally impressed by their complete platform, which not solely streamlines ESG compliance but additionally presents precious knowledge and analytics, enabling organizations to make knowledgeable strategic choices. We’re thrilled to assist their mission and progress trajectory.”
