Risk Ledger Raises £24M to Take a UK Cybersecurity Success Story Global

Some startups build products.

Others build movements.

I think Risk Ledger is trying to do the latter.

Instead of asking organisations to tackle cyber threats alone, the London startup has spent the past eight years building a network where businesses strengthen one another by sharing security intelligence. As cyberattacks become more sophisticated and supply chains grow more connected, that approach feels increasingly relevant.

Now the company has secured £24 million in Series B funding to accelerate its next chapter.

For those of us following the UK's startup ecosystem through Startup Networks, this feels like more than another investment announcement. It's a strong signal that a homegrown cybersecurity platform has the potential to compete on a global stage.

Risk Ledger already connects more than 16,000 organisations, replacing repetitive supplier security questionnaires with a shared, continuously updated security profile. Rather than every company solving the same problem independently, the platform encourages a more collaborative approach to managing third-party and supply chain risk.

Honestly, I think that's where its biggest strength lies.

The investment was led by B2B SaaS growth equity fund Axiom Equity, marking the final transaction from its inaugural fund and existing backer Mercia Ventures, which led Risk Ledger’s £6.25m Series A round in November 2023, also participated in the funding.

The fresh funding will support the company's expansion into the United States while accelerating the development of AI-powered tools that automate security reviews and identify emerging risks across its network. Every organisation that joins doesn't just become another customer. It adds value to the wider ecosystem, making the platform stronger over time.

That said, I do wonder whether businesses will be ready to place even more trust in AI when it comes to cybersecurity. My guess is the winning formula won't be AI replacing security teams, but AI helping experts make faster, better-informed decisions.

Risk Ledger isn't just growing its customer base. It's building infrastructure that could reshape how organisations approach cybersecurity altogether. For founders, that's an inspiring reminder that the biggest opportunities often come from rethinking outdated systems rather than creating entirely new ones.

I also think this sends an important message to SME owners. Cybersecurity is no longer something only large enterprises can afford to prioritise. Every business relies on suppliers, cloud software, and third-party partners. One weak link can have serious consequences, making a reliable cybersecurity platform an essential investment rather than an optional expense.

Risk Ledger's journey proves that solving a real industry problem can create global opportunities. That's exactly the kind of ambition we love seeing highlighted at Startup Networks.

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