Risk Ledger raises £24M Series B to expand in the US
What's the deal? London-based Risk LedgerDealroom has a profile for this one. Try Dealroom → has raised a £24 million Series B round to fund an aggressive push into the US cyber security market. The round was backed by Axiom EquityDealroom has a profile for this one. Try Dealroom → and Mercia VenturesDealroom has a profile for this one. Try Dealroom →.
What does it do? Risk Ledger helps organisations map and defend their supply chains against cyber risk. It asks each new customer's suppliers to join its platform and share a real-time picture of their security maturity, then uses tools including AI to monitor exposure.
Why now? Supply chains are an increasingly exposed vulnerability. A recent cyber attack on Tata ElectronicsDealroom has a profile for this one. Try Dealroom → exposed the trade secrets of customers including Apple and Tesla, underlining the risk Risk Ledger has flagged since its founding in 2018.
By the numbers: The round is a sharp step up from the company's £6.25 million Series A in 2023. Since then Risk Ledger has quadrupled its revenues and tripled its headcount.
Where's it going? The company has opened its first US offices as it targets American customers. In its home UK market, clients include government agencies and firms in critical infrastructure and financial services.
What's the endgame? Chief executive and co-founder Haydn Brooks says the firm was built on one conviction: "organizations are stronger when they defend as one, sharing intelligence and reducing risk together rather than in isolation." Its mapping now covers more than 16,000 organisations, meaning many new customers' suppliers are already known to the platform.
What could go wrong? A growing number of cyber security providers are adding supply chain risk products, intensifying competition as Risk Ledger enters a new market.
The signal: High-profile supply chain breaches are pushing third-party risk up the corporate agenda. Risk Ledger is betting that a collaborative, network-wide defence — and its data advantage — can win share in the US as demand grows.
Read more: Forbes
Image credit: Generated with Gemini
