Risk Ledger, a cybersecurity business specialising in supply chain resilience, has successfully closed a £6.25m series A funding round. This injection of capital comes at a critical time when third-party security breaches are at an all-time high.
The impressive funding round was led by UK-based Mercia Ventures. Mercia now joins an esteemed group of investors that include Seedcamp, Firstminute Capital, Episode 1, Village Global, and Lifeline Ventures from Finland.
The total venture funding amassed by Risk Ledger now tallies at a substantial £9.8m.
The latest funding is earmarked for product development, aiming to enhance Risk Ledger’s tools to combat and mitigate the threats of supply chain attacks. The focus will be on refining their service offerings to better protect their clients, many of whom operate within critical national infrastructure, financial services, and the public sector.
Over the past two years, Risk Ledger has seen its user base swell to over 17,000 across 5,000 organisations, reflecting a rapid market adoption. This growth trajectory demonstrates the crucial need for a service that not only identifies potential supply chain vulnerabilities but also responds to them effectively.
Risk Ledger CEO Haydn Brooks shared his vision, “The unique ability of Risk Ledger to map relationships and interdependencies in the supply chain allows organisations to understand where they sit within their own supplier ecosystem and how different incidents may impact their organisation given those interdependencies.”
Furthermore, with new funding, Risk Ledger intends to deepen industry partnerships and enhance its platform to provide real-time responses to security incidents, thus fostering a more resilient global business environment.
Brooks added, “As we push forwards towards our vision, our platform will open up new capabilities within supply chain security. Integrations and future product releases will allow organisations to both understand and react to security incidents in their supply chain, reducing the impact of such incidents and ultimately leading to a more resilient world.”
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