Berlin-based Atlas Metrics has just raised €5.2 million for its platform enabling better ESG tracking and reporting. The startup now plans to expand, developing new features to help more companies.
For businesses and organisations around the world, across industries and sectors, ESG reporting and compliance is now a necessary part of operations. Having access to data on carbon emissions and ESG impact is a must-have in order to meet increasingly strict regulations, create a more sustainable future, and fuel the green transition.
On a mission to make ESG impact more transparent and accurate, Atlas Metrics is a Berlin-based startup driven by impact. The startup has just secured €5.2 million in seed funding to expand, empowering more companies to become ESG-compliant.
The seed funding was led by b2venture (formerly btov Partners) and Cherry Ventures. R Ventures / Redstone, Global Founders Capital, Rivus Capital, another.vc, and TD Veen also participated alongside angel investors such as Charlie Songhurst, Matthias Hilpert, Martin Blessing, and Cameron Hepburn.
Founded by Wladimir Nikoluk in 2021, Atlas Metrics has been built with the vision of making the impact of companies and investors on people and the environment fully transparent. At the same time, the company aspires to help companies meet reporting requirements.
Wladimir Nikoluk: “I’m incredibly proud of our team. We’ve uniquely combined in-depth ESG expertise and best-in-class product engineering in an intuitive product, which has been adopted with astonishing speed across various industries. In close collaboration with our investors and partners, we are on track to become the dominant ESG and carbon accounting solution for asset managers, portfolio companies, banks and SMEs in Europe.”
Based in Berlin, the team has developed a platform that helps organizations understand and manage their non-financial performance. The platform handles the costly and time-consuming process of tracking and communicating ESG KPIs, including the carbon footprint.
Today, a company’s ESG performance affects its ability to raise equity and debt capital, attract talent, meet B2B and B2C customer expectations, and efficiently manage quickly growing regulatory demands on national and EU levels. It has an increasingly influential role to play in a company’s value.
By 2025, the ESG data and accounting market is expected to reach over €39 million – and Atlas Metrics is aiming to tap into that whilst leaving a genuine impact.
Jan-Hendrik Bürk, partner at b2venture: “Having looked at many ESG reporting solutions over the past two years, Atlas Metrics’ product stands out due to its strong focus on building a smart and flexible logic model. Such a model will enable Atlas Metrics to scale beyond pure reporting functionalities and become an underlying data infrastructure player. We just implemented Atlas Metrics ourselves at b2venture and have experienced first-hand how intuitive the solution is and are impressed with its broad functionality as well.”
Since its launch, the startup has been able to support users from banks, funds, SMEs and startups across Europe, including Forto, SellerX, Cusp Capital, Kreos Capital, Volksbank im Bergischen Land, Rheingauer Volksbank, IDEAL Lebensversicherung, Modus Group and Schauenburg Hose Technology Group. Currently, Atlas Metrics counts over 400 global companies as customers.
Filip Dames, founding partner of Cherry Ventures: “Largely through word-of-mouth and community effects, Atlas has acquired more than 400 customers who are using its platform for their ESG reporting needs. Wlad and his team have emerged as the best-in-class solution that is loved by its customers in such a short amount of time. ESG management is notoriously complex and a maze of metrics, but Atlas Metrics simplifies it with its single source of truth solution. As an investor and user, Atlas Metrics has been able to collect and aggregate data at both the fund and portfolio level in such a seamless way.”
With this new funding, the innovative greentech team plan to develop new features and help a wider range of organisations meet sustainability requirements.