ESG data management startup Atlas Metrics announced today that it has raised €12.2 million in a Series A funding round, with proceeds aimed at supporting investments in the company’s team, its expansion into new markets, and the development of its ESG compliance and performance management offering.

Founded in 2021, Berlin-based Atlas Metrics provides an ESG compliance and sustainability performance management, utilizing automation, AI, secure data sharing, and advanced analytics to ease impact communications and measurement for organizations. The company focuses on helping mid-sized companies and financial institutions meet growing sustainability-related reporting and compliance requirements, such as the EU’s new Corporate Sustainability Reporting Directive, with Atlas Metrics’ solutions automating and streamlining CSRD reporting and related regulatory obligations.

Wladimir Nikoluk, Founder and CEO of Atlas Metrics, said:

“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.”

The funding round was led by technology-focused venture capital investor MMC Ventures, and included participation from existing investors Cherry Ventures, b2venture and Redstone. The financing follows a €5.2 million seed round last year, led by b2venture and Cherry Ventures.

Oliver Richards, Partner at MMC Ventures, said:

“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.”