First of its kind CyberTech platform Risk Ledger collects seed funding

UK-based cybersecurity startup Risk Ledger has raised £2.1m in its seed round, as it hopes to continue its 18-month strong growth period.

Finnish venture capital firm Lifeline Ventures served as the lead investor, with commitments also coming from Seedcamp, firstminute Capital, Episode 1 and Village Global.

The CyberTech company claims its platform is the first of a kind global network of connected organisations working together to defend as one against cyberattacks. This approach means Risk Ledger can be used by most organisations looking to identify, measure and mitigate supply chain risks, regardless of industry.

Risk Ledger has recently added a host of new customers to its platform, including NHS Test & Trace and Snyk. It recently helped the NHS Test & Trace team locate complex vulnerabilities with multiple interdependent suppliers that provide key reagents to the organisation, something Risk Ledger claims often goes unnoticed.

Risk Ledger founder and CEO Haydn Brooks said, “The past 18 months have been a period of rapid growth in the company. We grew our client base and our user numbers have sky-rocketed despite the significant economic disruption caused by the pandemic. We have expanded the product into non-cyber security factors, including ESG and financial supply chain risks.

“Testament to the wider scope of the platform, we are now engaging procurement leaders in companies as well as their information security counterparts. This investment will help us grow our team and operations to fully capitalise on the heightened focus on supply chain security driven by all the new regulations and high-profile breaches.”

Last week, Dragos became the first ever industrial cybersecurity unicorn, following the close of a $200m Series D.

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