Ravio secures $10M in a seed round to help startups win the talent war by scaling their compensation platform

Ravio, which provides fast-growing digital firms with real-time pay data and analytics, has come out of stealth and announced a $10 million seed round headed by Northzone. Cherry Ventures and Spark Capital also participated in the funding round.

Ravio’s main benchmarking product is available for free and is based on a sharing model. Companies can submit their data discreetly and securely using one-click connectors, and in exchange, gain access to market benchmarks and compare themselves to similar businesses.

From executing performance review cycles to educating applicants on stock packages and vesting, Ravio’s broader portfolio of tools allows firms to manage and explain their compensation internally.

“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 of Ravio

Ravio’s three founders have extensive experience founding and scaling high-growth technology companies. Roy Blanga and Merten Wulfert, the company’s co-CEOs, have worked together for the past seven years, most recently at Deliveroo, where they created the company’s foreign operations from the ground up and led it from hyper-growth stages to pre-IPO.

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