Germany-based research software provider Atheneum has raked in $150m of growth equity funding in a round backed by communications services firm Vogel Communications Group.
The round was led by growth equity firm Guidepost Growth Equity, which invested together with a select few of its limited partners, and included Crosslantic Capital Management, private investor Michael Brehm and Atheneum’s founding management team.
Founded in 2010, Atheneum operates a cloud-based knowledge sharing platform that connects businesses, consulting firms and investment funds to a global network of 680,000 experts. It also facilities expert consultations and placements, and provides surveys and data products.
Mathias Wengeler, co-founder and CEO of Atheneum, said: “We are excited to have found the perfect partners for the next phase of growth and to further disrupt the fast-growing $22bn data and intelligence market.”
Atheneum will use the funding to sustain its market expansion, notably in the US, and the capital injection will also support its recruitment and product development initiatives. Crosslantic Capital had led an $11.6m round for the company in 2018 and a $10m round in April 2019.