Risk Ledger Secures £24 Million in Series B Funding

We are absolutely delighted to announce that our longtime client, Risk Ledger, has successfully raised £24 million in Series B funding. This monumental step will allow them to move organisations beyond traditional third-party risk management and toward what they are pioneering as Active Supply Chain Security.

The funding round was led by Axiom Equity, a specialist B2B SaaS growth equity fund, alongside Mercia Ventures, a returning investor from Risk Ledger’s Series A. This capital injection will deepen Risk Ledger’s customer network in the UK, develop advanced supply chain security tools unlocked by AI, and support their strategic expansion into the US market.

The Need for Modern Supply Chain Security

Supply chain cyber attacks now reach far beyond IT systems, deeply impacting profits, economies, and lives. The tool most organisations rely on to prevent them—traditional third-party risk management—was built for a simpler world. It assesses suppliers one at a time, at a single point in time, and in isolation.

Modern supply chains do not work that way; they are living systems of thousands of connected organisations, where the most critical risks often sit several steps away, hidden inside a supplier’s supplier.

Risk Ledger’s Network-First Approach

Risk Ledger was built for how supply chains actually operate. Their platform is inherently network-first. Each supplier completes one standardised assessment and maintains it across the network in real time, replacing repeated questionnaires with a single, current profile visible to every connected organisation.

As more organisations join, the security picture grows sharper for everyone on the network. This is the foundation of Active Supply Chain Security: a continuous and collaborative way to manage systemic risk, where organisations stop defending alone and begin to Defend-as-One.

Today, more than 16,000 organisations sit on their network across critical sectors, including financial services, insurance, critical national infrastructure, and government. Risk Ledger’s stellar reputation has been built on the quality of its data, the strength of its product, and the deep trust of the security teams who rely on it every day.

Accelerating the Vision

The Series B capital will significantly accelerate Risk Ledger’s vital work. The investment will be used to:

• Expand the Network: Bring more organizations onto the platform, deepening the shared intelligence available to all users.
• Innovate with AI: Fund a new generation of AI tools—built on a depth of network data that competitors cannot match—to automate manual reviews and reveal risk signals that traditional point solutions miss.
• Drive Global Expansion: Support the company’s expansion into the United States, where supply chain breaches and regulatory pressures are both rising rapidly.

Industry Perspectives

Haydn Brooks, CEO and Co-founder of Risk Ledger, commented: “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. 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.”

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

Adam Lovell of Mercia Ventures, added: “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. 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.”

Finerva is incredibly proud to partner with and support Risk Ledger through this next stage of their exceptional growth. To see how Active Supply Chain Security works, we encourage you to check out Risk Ledger’s website or book a demo with their team.