According to ESG Today, Atlas Metrics is a Berlin-based startup founded in 2021 which offers an ESG performance and management tool, employing AI, secure data sharing and automated processes. This enables mid-size companies and financial institutions meet sustainability-reporting and compliance requirements, as they evolve due to legislations.

Wladimir Nikoluk, Founder and CEO of Atlas Metrics, said that '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."

MMC Ventures led the 12.2 million euros funding round, which saw participation from Cherry Ventures, as well as b2venture. Cherry Ventures and b2venture also contributed to a seed funding round raised by Atlas Metrics just last year, which amounted to 5.2 million euros.

Oliver Richards, Partner at MMC Ventures, added that "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."