Risk Ledger
London company mapping third-party supply-chain risk for large buyers.
Risk Ledger, which maps supply-chain risk for large buyers, raised £24m in a Series B led by Axiom Equity on 15 July 2026, without a single sovereign or state-backed investor on its cap table.
Last refreshed: 22 July 2026 · Appears in 1 active topic
How did Risk Ledger raise £24m without any state-backed investor?
Timeline for Risk Ledger
Mentioned in: GCHQ alumni firm takes LA money
UK Startups and InnovationClosed a £24m Series B round
UK Startups and Innovation: Risk Ledger raises £24m, no state moneyBackground
Procurement and security Teams use Risk Ledger's software to vet suppliers before contracts are signed, mapping third-party and supply-chain exposure for large buyers; the London firm competes in a crowded UK compliance-technology market that keeps growing.
Axiom Equity led a £24m Series B for the company on 15 July 2026, with Mercia Ventures also taking part; notably, no sovereign fund or state-backed vehicle appeared anywhere on the resulting cap table.
That all-private structure sets Risk Ledger apart from several peers in UK risk technology, where public money is often used to de-risk early funding rounds; here, venture capital alone carried the deal.
What does Risk Ledger do?
How much did Risk Ledger raise in its Series B?
Who led Risk Ledger's funding round?
Why did Risk Ledger's investors include no state money?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 July 2026. Editorial standards.