Funding

[Funding alert] London-based Risk Ledger Secures £6.25M in Series A Round Funding

Nov 7, 2023 | By Startup Rise EU

London-based Risk Ledger secures £6.25M in series A round funding. Leading the round, which raised the total to £9.8 million, was UK investor Mercia Ventures. Seedcamp, Firstminute Capital, Episode 1, Village Global, and Lifeline Ventures also participated.

London-based Risk Ledger secures £6.25M in series A round funding. Leading the round, which raised the total to £9.8 million, was UK investor Mercia Ventures. Seedcamp, Firstminute Capital, Episode 1, Village Global, and Lifeline Ventures also participated.

The company plans to use the funds for product development, operations, and business outreach expansion. Risk Ledger, which was co-founded by Haydn Brooks and Daniel Saul, provides a social network approach to supply chain risk management. Businesses may utilise the platform as suppliers or clients, and they can share a single profile of their controls across 12 security domains—including financial risk and ESG—with other businesses connected to the platform.

This exposes linkages in a variety of methods and makes it possible to visualise the full ecosystem of the supply chain. It additionally allows the identification of crucial dependencies, concentration hazards, and single points of failure that exist well beyond direct third-party connections.

RECOMMENDED FOR YOU

recomd
France
[Funding alert] Paris-based Hivebrite Raises $37M in Series B Round Funding
Startup Rise EU
Oct 18, 2023
recomd
Funding
[Funding alert] UK-based Warwick Acoustics Secures £7Million in Funding
Startup Rise EU
Apr 3, 2024
recomd
Funding
Funding Wrap of the Week | European Startups Funding Roundup | March 24 – March 29
Startup Rise EU
Mar 30, 2024

Read also - Lithuaniac -based Green Energy Company Green Genius Secures €6.9M in Funding

Additionally, it produces data that is more precise and up to date, enabling organisations to take proactive measures to safeguard their operations from supply chain risks.

The previous two years have witnessed a rapid uptake of Risk Ledger, with over 5,000 businesses and 17,000 users in big public sector and financial services organisations as clients.

About Risk Ledger

In 2018, Haydn Brooks and Daniel Saul established Risk Ledger with the goal of changing how businesses handle information management and cybersecurity in the supply chain. By altering how businesses recognise, assess, and reduce security threats for their suppliers, customers, and employees, they are having an influence.

Read also - UK-based Globacap Secures $21Million Series B Round Funding

By doing this, they hope to lower the quantity of supply chain attacks that lead to worldwide data breaches for businesses and consumers.

Recommended Stories for You

story
Funding

[Funding alert] Ukraine-based Hackless Secures $1.2M in Funding

Startup Rise EU Dec 16, 2023

story
Recent Articles

[Funding alert] Rockstart Launches Second AgriFood Fund to Double down on Early stage Impactful Ag & Food Tech Startups

Startuprise Dec 6, 2023

story
Funding

Cellugy funding news – Biotech Startup Cellugy Secures €4.9 Million in Seed Funding

Startup Rise EU May 21, 2024

story
Funding

Banktrack funding news – Spain-based Banktrack Secures €2Million Seed Funding

Startup Rise EU May 30, 2024

story
Funding

[Funding alert] London-based Threedium Secures $11m Series A Round Funding

Startup Rise EU Oct 26, 2023

story
Funding

[Funding alert] London-based Phare Health Secures €2.8 Million in Pre-Seed Funding

Startup Rise EU Nov 22, 2023