London-based cybersecurity firm Risk Ledger has successfully closed a £24 million Series B funding round to advance its innovative approach to supply chain security. The investment, led by B2B SaaS growth equity fund Axiom Equity, is earmarked for significant international expansion into the United States and the development of new artificial intelligence capabilities. This capital injection will accelerate the company's mission to move organizations beyond traditional third-party risk management towards a more collaborative and proactive defense model.
A New Approach to Supply Chain Security
Risk Ledger is challenging the conventional methods of managing third-party risk, which often rely on isolated, point-in-time assessments. The company's network-first platform replaces repetitive security questionnaires with a single, standardized profile that suppliers maintain in real time. This dynamic profile can be shared securely across the network, providing a current and comprehensive view of a supplier's security posture to all connected organizations.
This model is the foundation of what the company calls "Active Supply Chain Security," built on the conviction that organizations are stronger when they "Defend-as-One." By sharing intelligence and reducing risk together, the entire ecosystem becomes more resilient against cyber threats. The network currently hosts over 16,000 organizations across critical sectors, including financial services, national infrastructure, and government, with its value growing as more members join.
Strategic Use of New Capital
The new funding will be strategically deployed to fuel the company's next phase of growth, with a primary focus on entering the U.S. market. This expansion is timely, as American companies face increasing regulatory pressure and a rising number of supply chain breaches. Alongside its international ambitions, Risk Ledger will also use the capital to deepen its customer network within the United Kingdom, reinforcing its domestic market leadership.
A significant portion of the investment is dedicated to building a new generation of AI-driven tools to enhance the platform's capabilities. Leveraging its extensive network data, these tools will automate manual security review work, a common pain point for security teams. The AI will also be used to identify systemic risk patterns and reveal critical risk signals that isolated point solutions often miss.
Investor Confidence and Market Vision
The investment from Axiom Equity, which marks the final transaction from its inaugural fund, signals strong confidence in Risk Ledger's unique market position. Jonathan Organ, a founding partner at Axiom Equity, stated that the company is creating a new category rather than competing in an old one. He emphasized that the network's replicability is difficult and its value compounds with every new organization that joins the platform.
Existing backer Mercia Ventures, which led the company's £6.25 million Series A round, also participated, underscoring continued belief in the company's trajectory. Haydn Brooks, CEO and co-founder of Risk Ledger, reiterated the company's founding vision of collaborative defense. He noted that the investment will allow them to build that vision faster, extending collective security to more customers globally.
In conclusion, this £24 million funding round marks a pivotal moment for Risk Ledger, providing the necessary resources to scale its operations and technology. The company is well-positioned to expand its transformative supply chain security network into the United States and pioneer new AI-driven solutions. This strategic move not only accelerates its growth but also reinforces its role as a leader in shaping a more collaborative and resilient global supply chain.