Risk Ledger Secures £24 Million in Series B Funding

We are delighted to announce that we have raised £24 million in Series B funding to move organisations beyond traditional third-party risk management and towards Active Supply Chain Security. The round was led by Axiom Equity, a specialist B2B SaaS growth equity fund, alongside Mercia Ventures, a returning investor from our Series A. The funding will deepen our customer network in the UK, develop the supply chain security tools that AI has now unlocked, and support our expansion into the US market.

Supply chain cyber attacks now reach far beyond IT systems, into profits, economies, and lives. The tool most organisations rely on to prevent them, third-party risk management, was built for a simpler world. It assesses suppliers one at a time, at a single point in time, and in isolation. A modern supply chain does not work that way. It is a living system of thousands of connected organisations, where the risk that matters most often sits several steps away, inside a supplier's supplier.

Risk Ledger was built for how supply chains actually work. The platform is network-first. Each supplier completes one standardised assessment and maintains it across the network in real time, replacing repeated questionnaires with a single, current profile that every connected organisation can see. As more organisations join, the picture grows sharper for everyone on the network. This is the foundation of Active Supply Chain Security: a continuous and collaborative way to manage systemic risk, where organisations stop defending alone and begin to Defend-as-One.

More than 16,000 organisations now sit on the network, across critical sectors that include financial services, insurance, critical national infrastructure, and both central and regional government. Risk Ledger's reputation has been built on the quality of its data, the strength of its product, and the trust of the security teams who rely on it every day.

The Series B will accelerate that work. The investment will bring more organisations onto the network and deepen the intelligence they share. It will also fund a new generation of AI tools, built on a depth of network data that competitors cannot match, to automate manual review work and reveal the risk signals that point solutions miss. And it will support the company's expansion into the United States, where supply chain breaches and regulatory pressure are both rising quickly.

Haydn Brooks, CEO and Co-founder of Risk Ledger, commented: “When we started Risk Ledger, third-party risk was something every company managed on its own, and collaboration across supplier ecosystems within sectors was rare. We built the company on one conviction: organisations are stronger when they Defend-as-One, sharing intelligence and reducing risk together rather than in isolation. That conviction now connects more than 16,000 organisations. This investment lets us build that vision faster, extending collective defence to more customers, putting AI to work on the manual tasks that consume security teams, and bringing Active Supply Chain Security to the United States.”

Jonathan Organ, Founding Partner, of Axiom Equity, added: “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. We are pleased to lead this round as the final investment from our first fund, and to support Risk Ledger through its next stage of growth.”

Adam Lovell, of Mercia Ventures, added: "We backed Risk Ledger at Series A because we believed Haydn and the team had identified a fundamentally better way to manage supply chain cyber risk. Three years on, that conviction has only strengthened. The team, customer base and the quality of the product all speak for themselves. We are delighted to welcome Axiom as lead investor and excited to see what the business can achieve with the capital and operational support this round provides." 

To see how Active Supply Chain Security works, check out our website or book a demo.

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