Crypto risk firm Agio Ratings raises £6m led by AlbionVC with Portage Ventures
At a glance
This article covers a funding round on 6 October 2025 for Agio Ratings, a London-based provider of risk insights for digital assets, founded by Ana De Sousa. The company raised £6m in a round led by AlbionVC with participation from Portage Ventures.
What does Agio Ratings do?
Agio Ratings provides independent risk ratings and data products for digital asset firms such as exchanges, custodians and lenders. Institutions use these ratings to assess default probability and monitor changes in firm risk for trading, custody and lending.
Why is Agio Ratings useful?
Problem
People face a lack of reliable risk data for crypto exchanges, custodians and lenders. This makes banks, insurers and trading firms unable to assess default risk or set safe exposure limits.
Solution
Agio Ratings explains that it quantifies default probability for exchanges, custodians and lenders using quantitative, data-driven ratings. This gives banks, insurers and traders independent signals to make safer, risk-adjusted decisions.
How much did Agio Ratings raise?
Agio Ratings raised £6m ($6m) in a funding round led by AlbionVC, with participation from Portage Ventures alongside existing backers. This makes it the 6th largest funding round in October 2025 (16 recorded). It stands 199th for 2025 (488 total) in the Startupmag database, as of 6 October 2025.
For details on how Startupmag compiles its rankings, view our Methodology.
Who invested in Agio Ratings?
The key investors were:
- AlbionVC: A UK venture capital firm that invests in technology-focused companies across early and growth stages.
- Portage Ventures: An investment firm that backs fintech and financial‑services technology companies.
- MS&AD: A Japanese insurance group that makes strategic investments in insurance, risk management and insurtech.
In the funding announcement, Kibriya Rahman from AlbionVC said:
As the digital asset market continues to mature, it urgently needs independent, institutional-grade risk management. Agio Ratings has proven they can deliver exactly that.
The investor added that Agio Ratings' ability to predict major market events such as FTX's collapse demonstrates the sophistication of its approach, and that the firm is positioned to scale to meet demand from banks, funds and insurance companies.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
- Browse our directory of fintech angel investors in the UK
Who founded Agio Ratings?
Ana De Sousa is the founder of Agio Ratings.
In the funding announcement, Ana De Sousa explained:
We're thrilled to have such strong backing from leading investors who understand the massive opportunity in managing crypto risk. This funding allows us to expand our team of world-class researchers and engineers while deepening our partnerships with major financial institutions.
The company continued that the interest from top-tier banks shows a need for independent risk insights to participate safely.
Where is Agio Ratings based?
Agio Ratings is based in London, UK.
What sector is Agio Ratings in?
Agio Ratings operates in the Fintech sector. The Fintech sector includes companies using technology to provide financial services. In simple terms, it uses software and data to improve banking, payments and risk management.
Key trends and challenges in Fintech:
Institutional adoption of digital assets
More banks, insurers and funds are entering crypto markets, creating demand for custody and clearing services.
Regulatory uncertainty and compliance burden
New rules, such as the EU's Markets in Crypto-Assets framework, increase compliance costs.
Data quality and operational risk
Poor data and cyberattacks, for example exchange hacks, create losses and make risk assessment harder.
For a deeper look at innovation in this space, see the fintech startups in the UK.
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