Atheneum Funding, Investors & Competitors

Atheneum has raised $171M across 3 funding rounds, most recently a $150M undisclosed-stage round in August 2021.

Last Atheneum funding round

$150M

Undisclosed stage · Aug 2021

Cumulative funding Atheneum raised

$171M

across 3 funding rounds

Key investors in Atheneum

  • Crosslantic Capital
  • Guidepost Growth Equity
  • Michael Brehm
  • Ammad Ahmad
  • Marta Margolis
  • Mathias Wengeler
  • Vogel Communications Group

Atheneum Overview

About Atheneum

Atheneum is a Berlin-headquartered B2B knowledge platform founded in 2010, linking corporations, consultancies, and investment firms with 700,000 vetted experts worldwide. Through the Athena One software, users access instant insights via phone consultations, surveys, and reports on sectors like energy transition and semiconductors. Operating 11 offices including New York, London, and Shanghai, Atheneum serves clients such as McKinsey and BlackRock for market entry analyses in emerging economies.


Founded

2010

HQ

GermanyBerlin

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Atheneum Funding History

Atheneum has raised a total of $171M across 3 funding rounds.

Atheneum's first fundraising round was a $10M Series A in September 2018. The most recent completed round was a $150M undisclosed-stage round in August 2021.

Atheneum funding rounds

Atheneum funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2021Undisclosed stageGuidepost Growth Equity (lead); Mathias Wengeler; Crosslantic Capital; Michael Brehm; Vogel Communications Group; Ammad Ahmad; Marta Margolis$150MAtheneum is a Berlin-based B2B research technology platform providing research-as-a-service, connecting organizations with a network of over 680,000 industry experts for virtual interviews, surveys, and qualitative and quantitative insights. It serves more than 500 customers globally across sectors like life sciences, technology, management consulting, investment services, and telecoms, with 11 offices worldwide and over 400 employees. The company was founded in 2010 by Ammad Ahmad, Marta Margolis, and Mathias Wengeler. On August 26, 2021, Atheneum raised $150-151 million in growth equity funding led by Guidepost Growth Equity, with participation from Crosslantic Capital Management, Michael Brehm, Vogel Communications Group, and the founding management team including select limited partners. Roshen Menon and Chris Cavanagh from Guidepost joined the board. The funds are earmarked for U.S. market expansion, technology and product development, hiring, and geographic growth. Atheneum reported $50 million in revenue for FY'21, grew 45-50% in 2020 despite COVID-19, and achieved nearly 80-100% growth in 2021's first seven months, while already profitable. It operates in a $22 billion data and intelligence market projected to reach $7.61 billion by 2026 at 22% CAGR per Verified Market Research. Atheneum positions itself as a digital cockpit for primary research, disrupting traditional methods with tech-enabled solutions amid shifts to direct, virtual research processes accelerated by remote work trends.
Apr 2019Series ACrosslantic Capital (lead)$11M-
Sep 2018Series ACrosslantic Capital (lead)$10MAtheneum, a global expert network and SaaS provider of B2B research and insights, completed a €10 million investment round on September 10, 2018, led by Crosslantic Capital Management. The funding supports strategic objectives including 50% growth over the next twelve months, following 60% growth in the past year, expansion into new markets, hiring over 70 employees, and investments in its technology platform and services. Headquartered in Berlin with offices in London, New York, Santiago de Chile, San Francisco, Shanghai, Seoul, Tokyo, Ho Chi Minh City, Tianjin, and Lahore, Atheneum serves clients in strategy consulting, investment management, corporate firms, and life sciences with data, analytics, technology solutions like expert sessions, survey research, and placements. Crosslantic Capital participated in this unattributed VC round dated September 12, 2018.

Who has invested in Atheneum?

7 investors have backed Atheneum across its funding rounds, including Crosslantic Capital, Guidepost Growth Equity, Michael Brehm, Ammad Ahmad, Marta Margolis and Mathias Wengeler.

Lead investors include Guidepost Growth Equity and Crosslantic Capital.


Atheneum Investors

Investors in Atheneum by funding rounds participated
InvestorHQRoundsRoleFirst check
Crosslantic CapitalGermanyBochum3LeadSep 2018
Mathias WengelerUnited StatesNew York City, NY1ParticipantAug 2021
Michael BrehmGermanyMunich1ParticipantAug 2021
Guidepost Growth EquityUnited StatesBoston, MA1LeadAug 2021
Vogel Communications GroupGermanyWürzburg1ParticipantAug 2021

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Atheneum Competitors

Atheneum competitors include listed companies like Wolters Kluwer and Shanghai DZH, and private ones like Branch, Qontigo, Capitolis and 9fin.

Public and private companies comparable to Atheneum
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wolters KluwerNetherlandsNetherlandsPublicly listed$7.1B$2.5B$18B3.1x
BranchUnited StatesSan Francisco, CAPrivate--$4B-
QontigoGermanyEschbornPrivate--$3.5B-
Shanghai DZHChinaChinaPublicly listed$123M($545K)$2.4B-
CapitolisUnited StatesUnited StatesPrivate--$1.6B-
9finUnited KingdomUnited KingdomPrivate--$1.3B-

Atheneum Public Comps

Atheneum is still privately-owned, but its public comps include Palantir, ServiceNow, S&P Global, Intercontinental Exchange, Datadog, Moody's, RELX, London Stock Exchange Group, Strategy and Nasdaq.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Intercontinental Exchange$13B$6.6B8.2x9.7x15.8x14.4x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
London Stock Exchange Group$13B$5.9B5.5x5.4x11.6x10.6x

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Common questions about Atheneum

When was Atheneum founded?Atheneum was founded in 2010.
Where is Atheneum headquartered?Atheneum is headquartered in Berlin, Germany.
Is Atheneum publicly listed?No, Atheneum is a private, VC-backed company.
How much funding has Atheneum raised?Atheneum has raised $171M across 3 funding rounds.
What was Atheneum's last funding round?Atheneum's last funding round was a $150M undisclosed-stage round in August 2021, led by Guidepost Growth Equity.
Who are Atheneum's investors?Atheneum's investors include Crosslantic Capital, Mathias Wengeler, Michael Brehm, Guidepost Growth Equity, Vogel Communications Group, Ammad Ahmad and Marta Margolis.
Which companies are comparable to Atheneum?Companies comparable to Atheneum include Wolters Kluwer, Branch, Qontigo, Shanghai DZH, Capitolis and 9fin.

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