diff --git a/CHANGELOG.md b/CHANGELOG.md
index eb432d1d..a8e2e4ba 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,6 +20,7 @@ None
 ### 🐆 Other
 
 - Add pull request template (see #97) (@jank324)
+- Add _Acknowledgements_ section to README (see #103) (@jank324)
 
 ## [v0.6.1](https://github.com/desy-ml/cheetah/releases/tag/v0.6.1) (2023-09-17)
 
diff --git a/README.md b/README.md
index d94363a6..74ed9f97 100644
--- a/README.md
+++ b/README.md
@@ -113,3 +113,10 @@ We suggest installing pre-commit hooks to automatically conform with the code fo
 pip install pre-commit
 pre-commit install
 ```
+
+## Acknowledgements
+
+We acknowledge the contributions of the following people to the development of Cheetah: Jan Kaiser, Chenran Xu, Oliver Stein, Annika Eichler, Andrea Santamaria Garcia and others.
+
+The work to develop Cheetah has in part been funded by the IVF project InternLabs-0011 (HIR3X) and the Initiative and Networking Fund by the Helmholtz Association (Autonomous Accelerator, ZT-I-PF-5-6).
+In addition, we acknowledge support from DESY (Hamburg, Germany) and KIT (Karlsruhe, Germany), members of the Helmholtz Association HGF.