Mar 28, 2023
Berlin, Germany - 28 March 2023 — Atlas Metrics has raised €5.2 million in seed funding to expand its all-in-one platform for ESG data management that is compliant with global standards and regulations. The round is led by b2venture (formerly btov Partners) and Cherry Ventures, with participation from VR Ventures / Redstone, Global Founders Capital, Rivus Capital, another.vc, and TD Veen. The round also features a number of complementary angel investors, including Charlie Songhurst, Matthias Hilpert, Martin Blessing, and Cameron Hepburn.
Atlas Metrics’ mission is to make the impact of companies and investors on people and the environment fully transparent while helping them meet their most urgent reporting requirements. Founder Wladimir Nikoluk started the company in 2021 after working on the data-driven management of social and environmental impact at the United Nations Development Programme, McKinsey, Oxford University, and Harvard University.
“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,” says Wlad. “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.”
The team has developed a platform for organizations to understand and manage their non-financial performance. Built on a proprietary data infrastructure, their software handles the otherwise expensive and time-consuming process of tracking and communicating ESG KPIs, including the carbon footprint. Over the past years, ESG has increasingly influenced the value of companies. 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. By 2025, the ESG data & accounting market could reach over $41 billion (€39 billion) globally.
“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“, says Jan-Hendrik Bürk, partner at b2venture.
“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,” says Filip Dames, founding partner of Cherry Ventures. “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.”
Since 2021, the team has grown to 20 people and serves users from banks, funds, SMEs and startups across Europe, including Forto, SellerX, Cusp Capital, Kreos Capital, Ananda Ventures, Volksbank im Bergischen Land, Rheingauer Volksbank, IDEAL Lebensversicherung, Modus Group and Schauenburg Hose Technology Group. To further enable future-proof management of ESG data at a bigger scale, Atlas Metrics is now hiring for a range of roles in product, software engineering, and growth. The news also coincides with the hiring of CTO Alexander Thiel, former CTO at Wunder Mobility.
Atlas Metrics’ next steps are focused on developing new high-impact features and helping a wider range of organisations meet their most pressing sustainability requirements. Their solution is also undergoing an accreditation process with Big 4 auditing firms.
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