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- Atheneum
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2021 | Undisclosed stage | Guidepost Growth Equity (lead); Mathias Wengeler; Crosslantic Capital; Michael Brehm; Vogel Communications Group; Ammad Ahmad; Marta Margolis | $150M | Atheneum 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 2019 | Series A | Crosslantic Capital (lead) | $11M | - |
| Sep 2018 | Series A | Crosslantic Capital (lead) | $10M | Atheneum, 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2018 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 7 Atheneum investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAtheneum Competitors
Atheneum competitors include listed companies like Wolters Kluwer and Shanghai DZH, and private ones like Branch, Qontigo, Capitolis and 9fin.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.1B | $2.5B | $18B | 3.1x | ||
| Private | - | - | $4B | - | ||
| Private | - | - | $3.5B | - | ||
| Publicly listed | $123M | ($545K) | $2.4B | - | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $15B | $7.7B | 8.9x | 9.1x | 17.6x | 17.3x | |||
| $13B | $6.6B | 8.2x | 9.7x | 15.8x | 14.4x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $13B | $5.9B | 5.5x | 5.4x | 11.6x | 10.6x | |||
This data is available for Pro users. Sign up to see all Atheneum competitors and their valuation data. Start Free Trial | ||||||||
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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