2 years ago

Risk Ledger Secures £6.25M Series A Funding to Expand Supplier Due Diligence Platform

  • Risk Ledger, a London-based provider of a collaborative platform for supplier due diligence, has raised £6.25M in Series A funding, bringing the total amount raised to £9.8M

  • The round was led by UK investor Mercia Ventures, with participation from Seedcamp, Firstminute Capital, Episode 1, Village Global, and Lifeline Ventures

  • The company intends to use the funds to expand operations and its business reach, as well as for product development

  • 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

  • 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

  • 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.

      • ProblemTechnology

      "Organisations struggle to manage supply chain risk effectively, leading to vulnerabilities, disruptions, and financial losses. Existing solutions are often fragmented, lack real-time data, and fail to provide a holistic view of the supply chain ecosystem."

      Solution

      "Risk Ledger offers a collaborative platform that uses a social network approach to connect organizations and share due diligence information. It allows companies to see their supply chains holistically, identify potential risks, and make informed decisions to mitigate threats. The platform covers 12 security domains including ESG and financial risk, and provides real-time data to enable better risk management."

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