Consolidated with individuals’ data, Atlas Metrics LLC has recently attracted €12.2M in the course of launching its automated ESG Compliance platform. See how this funding will foster growth and enable organizations to meet the new regulations erupted by the EU.
Atlas Metrics, an all-in-one ESG compliance platform, has closed its Series A with €12.2 million in funding. The latest funding was led by MMC Ventures, with previous investors such as b2venture, Cherry, and Redstone joining the round. The funds will improve the company’s sustainable management services by growing a bigger team and identifying and penetrating new markets.
EU Compliance Problems:
EU companies are finding it difficult to manage sustainability reporting following the rising regulation challenges. Over 62,500 organizations should perform annual reporting, materiality assessment, and carbon footprinting by 2025. Failure to do so has penalty implications, and a firm in Germany may incur a maximum of €5 million penalty. Another key area of strategic interest for Atlas Metrics is the field of assisting mid-sized enterprises in automating such considerations, which is less costly and involves low risk.
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Owned by Wladimir Nikoluk, Atlas Metrics is a firm that leverages Artificial intelligence to ease ESG disclosure. It helps companies advance to sustainable business solutions and promotes that they and their clients can immediately evaluate, and articulate environmental responsibilities. Working with the major IT provider for the financial sector, DG Nexolution, Atlas extends its solutions to up to 700 banks and their clients. Furthermore, consumers of its sustainability services are PwC Belgium who offer access to the platform together with TK Moore companies.
Nikoluk believes that ESG reporting has become vital for organizations today. Atlas now has a plan for how this new funding will be used: to make sustainability data a strong sales argument pool rather than a pure obligation.
Investors’ Confidence:
There is a heavy focus on technology over consulting which has become impressive for investors in Atlas. Cherry Ventures, MMC Ventures, and b2venture are bullish on Modular’s recent technological advancements that involve distributed data transfer and software modularity and the opportunity it brings for remaking ESG compliance. These investors understand that Atlas is poised for a data infrastructure for sustainability industry standards.
