British supply chain security firm Risk Ledger has announced raising £24 million (roughly $32.3 million) in a Series B funding round that brings the total raised by the company to £33.8 million (roughly $45 million).
The fresh investment round was led by Axiom Equity, with additional support from previous investor Mercia Ventures.
Founded in 2018, London-based Risk Ledger has built a network-first platform that tackles modern supply chain cyber risks by connecting organizations and suppliers for faster, comprehensive assessments.
The supply chain security solution enables connected organizations to view supplier profiles created after every supplier completes a standardized assessment and maintains it in real-time.
The approach, Risk Ledger says, moves third-party risk management toward Active Supply Chain Security, enabling organizations to defend together against systemic risks.
According to the company, over 16,000 organizations across financial services, critical national infrastructure, government, and insurance have joined the network.
The fresh investment will help Risk Ledger to bring more organizations to the network, deepen the intelligence they share, and build more AI tools to automate reviews and surface risk signals.
Additionally, the company will use the funding to expand into the US.
“Risk Ledger is creating a category rather than competing in an old one. The network it has built is hard to replicate and grows more valuable with every organisation that joins, which is exactly the kind of business we look to back. The team has earned real trust with serious customers, and the product reflects that discipline,” Axiom Equity founding partner Jonathan Organ said.
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