Ravio, a London, UK-based provider of a real-time compensation data and analytics platform, raised $10M in Seed funding.
The round was led by Northzone with participation from Cherry Ventures and Spark Capital.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEOs Roy Blanga and Merten Wulfert, Ravio provides a suite of products that allows companies to manage and communicate their compensation internally, from running performance review cycles to educating candidates on equity packages and vesting. Its core benchmarking product is free and operates on a sharing principle. Companies can anonymously and securely contribute their data with one-click integrations, and in exchange access market benchmarks and compare themselves to similar companies.
Ravio’s three founders have strong track records of launching and scaling high-growth tech businesses. Roy Blanga and Merten Wulfert, who jointly run the company as co-CEOs, have been working together for the past 7 years, most recently at Deliveroo where they built the company’s international operations from scratch and led the business through the hyper-growth stages up to pre-IPO. Blanga was COO of Deliveroo, while Wulfert oversaw the company in APAC and the Middle East. The product and technical team is led by Raymond Siems, CPTO, who has built and sold two startups, most recently in the AI space.