Risk Ledger, a London, UK-based provider of a collaborative platform for supplier due diligence, raised £6.25M in Series A funding.
The round, which brought the total amount to £9.8M, was led by UK investor Mercia Ventures, with participation form Seedcamp, Firstminute Capital, Episode 1, Village Global, Lifeline Ventures.
The company intends to use the funds to expand operations and its business reach, as well as for product development.
Co-founded by Haydn Brooks and Daniel Saul, Risk Ledger offers a social network approach to supply chain risk management, allowing organisations to use the platform as both clients and suppliers, able to share with connected organisations a single profile of their controls across 12 security domains, including ESG and financial risk. This reveals relationships in many directions and allows for a visualisation of the entire supply chain ecosystem, and the uncovering of critical interdependencies, concentration risks and single points of failure well beyond immediate third party connections. It also results in more accurate and real time data, giving organisations the ability to make decisions to protect their business from supply chain threats.
Risk Ledger has seen rapid adoption over the past two years and today counts over 5,000 organisations with 17,000 users across large public sector and financial services organisations as customers.
FinSMEs
07/11/2023