Cyber security company Risk Ledger has today raised £2.1 million in seed funding.
The funding round was led by Finnish VC Lifeline Ventures with participation from Seedcamp, Firstminute Capital, Episode 1 and Village Global.
The company has been attracting the interest of new customers including the NHS Test and Trace, wealth management giant Quilter, and tech unicorn Snyk and others.
Haydn Brooks, founder and CEO at Risk Ledger commented: “The past 18 months have been a period of rapid growth in the company. We grew our client base and our user numbers have sky-rocketed despite the significant economic disruption caused by the pandemic. We have expanded the product into non-cyber security factors, including ESG and financial supply chain risks. Testament to the wider scope of the platform, we are now engaging procurement leaders in companies as well as their information security counterparts. This investment will help us grow our team and operations to fully capitalise on the heightened focus on supply chain security driven by all the new regulations and high-profile breaches.”
Lifeline Ventures founding partner Petteri Koponen said: “We wanted to be part of Risk Ledger’s growth journey because they have the right product at the right time. With supply chain breaches becoming mainstream and regulators globally mandating better management of the risks, the Risk Ledger platform is in a fantastic position to become the industry agnostic tool of choice and penetrate the market extensively. The potential for the platform to proliferate virally is also unique. Capturing 30 percent of the UK water market in just over a year shows this possibility which is exciting for us.”
