Ravio, a London-based compensation management platform, secured $12M in Series A funding from Spark Capital and others. The company seeks to modernize compensation practices with real-time market data and decision-making tools, addressing challenges like outdated pay data and unequal compensation. Their clients include notable companies such as Just Eat Takeaway and Zoopla. Co-founder Vaso Parisinou highlighted the difficulties faced during rapid scaling, emphasizing the need for current and relevant market data. Ravio aims to make compensation practices more aligned with todayâs dynamic market conditions to prevent talent loss and ensure equitable pay.
"We're excited to double down on our previous investment in Ravio by leading their Series A. Getting compensation right is challenging for companies of any size and industry."
"The idea for Ravio was born from running compensation reviews during the early days of building Deliveroo. We were scaling rapidly, and it was painful to find data from relevant companies."
"Market data hasn't kept pace with today's dynamic market. We're bringing decades-old survey methodology into the modern age by providing real-time insights."
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