Risk Ledger secures a £2.1m funding as supply chains hit the headlines

By Joy Dumasia

Risk Ledger has raised £2.1 million in seed funding. The funding round was led by Finnish VC Lifeline Ventures with Seedcamp, firstminute Capital, Episode 1 and Village Global. This news comes hot on the heels of a flurry of new customers, including NHS Test and Trace, wealth management giant Quilter, tech unicorn Snyk and others.

The Risk Ledger platform is a first of a kind global network of affiliated organisations, all working together to defend against cyber attacks. This game-changing approach makes the platform ideal for almost any organisation trying to identify, measure and mitigate supply chain risks regardless of industry.

Supply chain cyber breaches often result in personal data such as payment details, addresses and medical records being accessed by unauthorised third parties. Major supply chain cyber security breaches in 2021 at Accellion, Solarwinds and Microsoft have put the challenge of defending against supply chain breaches at the top of the agenda for every large organisation globally.

Risk Ledger’s client base includes various organisations, including NHS Test & Trace, BAE Systems Applied Intelligence, City of London Police, Schroders Personal Wealth, and ASOS. Recently, the Risk Ledger platform was able to help the NHS Test & Trace team identify complex vulnerabilities in multiple interdependent suppliers that provide key reagents to the organisation.

Haydn Brooks, Founder and CEO at Risk Ledger, 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.”