Ravio secures £8m in seed funding led by Northzone to launch its compensation analytics platform.
Northzone led the seed round to help the startup launch its compensation benchmarking platform and expand its team.
Ravio provides a real-time compensation benchmarking and analytics platform designed to help technology startups attract and retain talent. The company operates across Europe with a focus on the UK and Germany.
London-based compensation analytics startup Ravio has secured £8m in seed funding to support its official launch from stealth. The round was led by Northzone, with participation from Cherry Ventures and Spark Capital. The fresh capital will enable the company to expand its team and further develop its platform, which helps technology businesses calibrate competitive salary, equity and benefits packages.
Founded by former Deliveroo executives and technical leaders, Ravio addresses the persistent challenge of outdated remuneration data by integrating directly with company HR systems. The platform allows firms to anonymously share data and access live benchmarks, ensuring fair compensation and improved diversity insights. The company counts numerous high-growth startups and unicorns among its early users.
From the founder
"We’ve experienced first hand how hard it is to hire and retain great teams and scale internationally. Getting compensation right from day one is crucial and it only gets harder the larger you become. When we were growing, we couldn’t find any reliable or real-time data to help us determine the right compensation for each person on our team. We lost great people, and missed out on key hires as a result. We’re surprised that no one has built a better solution to this problem yet"
Roy Blanga
co-CEO at Ravio
Investor perspective
"We see a huge market shift happening which is going to leave behind companies who don’t modernise their approach around compensation. Winning companies will be transparent with compensation in the context of rising prices (inflation, cost of living, logistic costs) and a tighter talent market, especially in tech. Roy, Merten and Raymond are going after a problem that all companies big or small have, and are poised to build a leading company in the category. They have the experience and leadership to tackle all things compensation from salaries to equity and benefits, all big pain points for fast-growing companies."
Michiel Kotting
Partner, Northzone
Use of funds
- 01Grow the team
- 02Continue product development
