Atlas Metrics, which provides an all-in-one platform for ESG compliance and sustainability performance management, has closed €12.2 million in a Series A funding round. It was led by MMC Ventures (which backed Supercede and Haruko) with strong participation from existing investors b2venture, Cherry, and Redstone.
The company plans to invest in its team, expand into new markets, and continue to develop its ESG compliance and performance management offering.
What challenge does it tackle?
In the EU, the regulatory pressure is rapidly growing. By 2025 over 62,500 organisations 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 €250,000 for manual compliance and a €5 million fine (5% of turnover) for non-compliance.
Atlas Metrics focuses on helping mid-sized companies and financial institutions meet these requirements by automating and streamlining CSRD reporting and all related regulatory obligations, reducing both costs and legal risks.
Simplifies and automates ESG reporting
Founded by Wladimir Nikoluk in Berlin, Atlas Metrics simplifies ESG reporting and automates compliance with next-generation sustainability software. It accelerates the transition to sustainable business models. It uses automation, AI, and secure data sharing to help companies measure and communicate their impact.
In partnership with DG Nexolution, Atlas Metrics offers 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 provide access to Atlas Metrics in parallel with their sustainability services to help customers automate otherwise manual tasks.
“For all businesses across all industries, ESG reporting and compliance has become a necessary part of operations”, said 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”.
Investors’ views
“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 organisations, modular software architecture, and sophisticated end-to-end user flows. We are proud to have backed them since day one,” says Filip Dames, Founding Partner at Cherry Ventures.
Oliver Richards, Partner at MMC Ventures, added, “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.”
“Atlas Metrics stands out as a solution that goes beyond pure reporting and is on track to become a key data infrastructure player. We are enormously excited by both their progress as a company and their mission to address a major pain point as organisations worldwide adapt to new ESG regulations and compliance standards,” according to Jan-Hendrik Bürk, Partner at b2venture.
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