Risk Ledger: Navigating Supply Chain Risk With £24M Funding

Supply chain security platform, Risk Ledger, has received £24m (US$32.3m) in Series B funding.

The funding, led by Axiom Equity, will help the company bring greater unification to organisations around the world, a critical feature in today's volatile market.

Growing supply chain risks

Risk Ledger is a third-party risk management platform which aims to revolutionise supply chain security through its unified solutions. It onboards and connects entire supply chains into an active network, bringing cohesion to complexity. The platform helps identify potential threats and risks to supply chain integrity with its real–time insights.

In recent years, supply chains around the world have faced unprecedented levels of complexity and risk, driven by a range of geopolitical and macroeconomic pressures. Ongoing wars, changing trade relationships and inflation have all had their impact on global supply chains.

As a result, there has been an increase in supply chain cyber attacks, impacting profits, economies and livelihoods. In 2025, attacks on major UK retailers, as well as JLR impacted production and profit significantly. For JLR, production in its UK sites was shut down for weeks, meaning staff could not go to work and backlogs for vehicles were created. 

As supply chain cyber attacks become more regular and more malicious, organisations need to gain modern preventative measures. Businesses around the world have been relying on old systems, which are unable to keep up with the demands and complexity of today. The tools were built for a more simplistic time, where third-party relationships had less volatility within them and AI was not even a factor.

The legacy tool assesses suppliers in a singular fashion, analysing them in isolation – modern supply chains act as living organisms, with a constantly changing flow. As such, a risk management tool needs to be able to constantly monitor something which is changing. Risk Ledger aims to fill that gap.

"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," explains Haydn Brooks, CEO and Co-founder of Risk Ledger.

"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.”

Transforming security

Founded in 2018, Risk Ledger has uses its vast and trusted supplier network to streamline risk management processes and reduce manual workload. It offers real-time, actionable data which is collected directly from suppliers, in order to identify, measure and manage third-party risks.

Now, in a Series B funding round led by Axiom Equity, it has raised £24m (US$32.3m), which it will use to help organisations transform their risk assessment capabilities, with a movement towards Active Supply Chain Security. Axiom led the funding round, alongside Mercia Ventures, a returning investor. 

Through this investment, Risk Ledger aims to grow its UK customer network, expand into the US market and grow its supply chain security tools. Already, more than 16,000 organisations use its network, including critical sectors such as insurance, infrastructure, government and financial services. The investments by Axiom and Mercia Ventures demonstrate the demand for a platform such as this.

“Risk Ledger is creating a category rather than competing in an old one," says Jonathan Organ, Founding Partner, of Axiom Equity.

"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.”

Expanding its operations

Risk Ledger uses a network-first approach in its platform. Each supplier completes an assessment and is asked to alter it across the network in real-time, using a single and current platform, rather than using repeated questionnaires which can quickly become outdated. Each organisation can see the assessment in real-time, with a growing visibility as more organisations join the network. 

The company uses this to form its Active Supply Chain Security focus – it is a continuous and collaborative format for managing risk, encouraging a Defend-as-One unit.

"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," adds Adam Lovell, Investor at Mercia Ventures. 

"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." 

The Series B funding is enabling the company to expand its operations more – which is particularly critical in today's environment. The use of AI in supply chains has been vital in ensuring organisations can bypass manual and time-consuming tasks, but it has also exposed more vulnerable parties to cyber attacks.

Risk Ledger is using AI tools and its platforms to unlock new generations of tools which are built with an expansive network in mind, and this will reveal risks at a more precise level. It will also be expanding into the US in order to meet the pressure on supply chains before it combusts.