London-based cybersecurity platform Risk Ledger has raised £24m in a Series B funding round to accelerate international expansion and deploy new AI capabilities. Founded in 2017 by Haydn Brooks and Daniel Saul, Risk Ledger provides a network-first platform that shifts organisations away from traditional, point-in-time third-party risk assessments. Risk Ledger’s
Oscar Hornstein
London-based cybersecurity platform Risk Ledger has raised £24m in a Series B funding round to accelerate international expansion and deploy new AI capabilities.
Founded in 2017 by Haydn Brooks and Daniel Saul, Risk Ledger provides a network-first platform that shifts organisations away from traditional, point-in-time third-party risk assessments.
Risk Ledger’s offering aims to replace repetitive individual security questionnaires by allowing suppliers to maintain a single, standardised security profile that is shared across the network and updated in real time.
The company currently hosts over 16,000 organisations on its network across critical national infrastructure, financial services, insurance, and government sectors.
Risk Ledger will use the capital injection to expand its client footprint in the UK, finance its entry into the US market, and build a new generation of AI-driven tools.
These automation tools will leverage its network data to streamline manual security reviews and identify systemic risk patterns.
“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,” said Brooks.
“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.
“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.”
The investment was led by B2B SaaS growth equity fund Axiom Equity, marking the final transaction from its inaugural fund.
“Risk Ledger is creating a category rather than competing in an old one,” said Jonathan Organ, founding partner of Axiom Equity.
“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.”
Existing backer Mercia Ventures, which led Risk Ledger’s £6.25m Series A round in November 2023, also participated in the funding.
