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