Risk Ledger has raised £24 million in Series B funding to expand its supply chain security network, develop new artificial intelligence (AI) capabilities and support its entry into the US market.
The investment round was led by Axiom Equity, a specialist B2B software as a service (SaaS) growth equity fund, with existing investor Mercia Ventures also participating. Risk Ledger said the funding will strengthen its customer network in the UK and accelerate its vision of Active Supply Chain Security.
The London-based company said the new funding will help bring more organisations onto its network while expanding the intelligence shared between participants. It also plans to invest in AI-powered tools designed to automate manual security reviews and identify supply chain risks that traditional point solutions may not detect.
In addition, the investment will support Risk Ledger’s expansion into the United States, where the company said supply chain breaches and regulatory pressures are increasing.
Risk Ledger said traditional third-party risk management assesses suppliers individually and at a single point in time, making it less suited to modern supply chains that involve interconnected organisations.
Its platform uses a network-first approach, allowing each supplier to complete a single standardised assessment that is maintained in real time and shared across connected organisations. The company said this creates a continuously updated view of supply chain risk and forms the basis of its Active Supply Chain Security model.
According to Risk Ledger, more than 16,000 organisations are now connected to its network across sectors including financial services, insurance, critical national infrastructure, and central and regional government.
The company said the Series B funding will support the development of a new generation of AI tools built on its network data.
These tools are intended to automate manual review processes for security teams while identifying risk signals across supply chains. Risk Ledger said the technology is enabled by the scale of data generated through its growing customer network.
Haydn Brooks, CEO and Co-founder of Risk Ledger, said:
“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, Venture Capital Investor at 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.”
Founded in 2018 by Haydn Brooks and Daniel Saul, Risk Ledger said its platform was developed to address supply chain security through collaboration rather than isolated assessments. The company said its network enables organisations to identify concentration risks and nth-party dependencies by replacing repetitive supplier questionnaires with a single, continuously maintained assessment shared across connected organisations.
The latest funding is intended to expand that network further while supporting continued product development and international growth
