Risk Ledger has raised approximately $32.3 million in a Series B funding round, led by Axiom Equity. This funding will expand its network of organizations tackling supply chain cyber risks and facilitate entry into the US market.
Risk Ledger has secured £24 million (approx. $32.3 million) in a Series B funding round. This investment brings the total capital raised by the firm to £33.8 million (around $45 million).
The funding round was led by Axiom Equity, complemented by contributions from previous investor Mercia Ventures.
Founded in 2018 and based in London, Risk Ledger has established a network-first platform aimed at addressing modern supply chain cyber risks. The platform connects organizations and their suppliers to facilitate faster, more comprehensive cyber risk assessments.
Risk Ledger’s solution allows connected entities to access supplier profiles that are updated in real-time after each standardized assessment. This model promotes collaborative defense, advancing third-party risk management into what the company terms 'Active Supply Chain Security.'
The recent funding will be utilized to onboard more organizations to its network, enhance the intelligence shared among members, and develop additional AI-powered tools to automate risk reviews.
Moreover, the expansion into the US market is also a key objective, indicating plans for growth beyond its current operational reach.
Jonathan Organ from Axiom Equity emphasized that Risk Ledger is innovating a new category within supply chain security, enhancing its value as more organizations join its platform. He noted the company's credibility with serious clients as a factor in their investment decision.
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Risk Ledger has raised approximately $32.3 million in a Series B funding round, led by Axiom Equity. This funding will expand its network of organizations tackling supply chain cyber risks and facilitate entry into the US market.