Atheneum Raises €10 Million in New Funding

Atheneum Raises €10 Million in New Funding
25th September 2018 Atheneum Team
In Atheneum News

Rapidly expanding global knowledge sharing platform plans to grow by a further 50% in 12 months


Monday 10th September 2018 (London): Atheneum Partners, the global knowledge sharing platform, today announced the closing of a €10 million investment round led by independent tech growth investors Crosslantic Capital Management. The business, which was founded by former management consultants Mathias Wengeler and Ammad Ahmad in 2010, and complemented by Marta Margolis who joined in 2012 as Chief Business Development Officer, will use the investment to help grow the business by another 50% in the next 12 months.

Atheneum Partners, which matches clients with a network of more than 400,000 of the world’s leading industry research experts, has experienced rapid growth of 60% in the past year alone. The business is headquartered in Berlin and currently employs 180 people across ten offices located in London, New York, Santiago De Chile, Lahore, Shanghai, Seoul, Hong Kong, and Munich. Clients include the top 10 global Management Consulting houses as well as many Corporate and Investment Houses.

The new investment will enable the business to expand its global footprint in new markets and aims to recruit 70+ new employees in the next years and make further key investments in its technology platform and services.

“Our business has experienced unprecedented growth in the last 12 months. The latest funding round will enable us to take Atheneum to a whole new level. Enhancing the technology platform will be key to the future of the business as we will utilize our technology to further automate and digitize the market intelligence space and streamline our services to clients. Having worked in the financial services industry for several years within the sector we serve, we fully understand the challenge our clients go through when conducting primary research,” said Ammad Ahmad, Co-Founder and Managing Director at Atheneum Partners.

“Atheneum is an agile and forward thinking business and we’re really looking forward to being a part of it. We always look for businesses that have the potential to become market leaders in their space and believe Atheneum can be the real disruptive element in the world of market intelligence given their core technology for knowledge sharing,” said Crosslantic Management.

“The business has already revolutionized the sector, turning long standing practices on their head by providing a best in class service at competitive prices. Despite high competition in this sector, there is huge scope for growth and we feel Atheneum has everything it needs to realize this potential in coming years” Crosslantic Management concludes.

Mathias Wengeler, Co-Founder and CEO at Atheneum Partners said, “We look forward to collaborating with Crosslantic in this new phase of the business. As with every business, our talent is our biggest lever and the new infrastructure and processes we’ve introduced recently has helped to build the strongest team we’ve ever had. This means hiring the best in class team members will be a far more effective going forward. No business can succeed without an amazing team so we also plan to make a significant investment in our employees both new and existing.”