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.
