For many companies, compensation makes up over 75% of operating costs. Yet, most still rely on outdated salary benchmarks. This often leads to underpayment, pay gaps, and difficulties keeping top talent. Ravio is changing that by delivering real-time compensation insights directly through HR integrations.
The London-based startup has secured $12 million in Series A funding. Spark Capital led the round, with participation from Blackbird and Cherry Ventures. The new capital will drive Ravio’s expansion into new markets and further enhance its platform.
Fixing Pay with Live, Accurate Data
Ravio helps HR teams spot pay inequities and make informed decisions quickly. Its platform taps into live HR data, replacing slow, static salary surveys with always-current benchmarks. Companies like Just Eat Takeaway, Octopus Energy, Wise, Mollie, and Adyen already use it to stay competitive in a fast-moving job market.
The idea came from real pain. While scaling Deliveroo, Ravio co-founder Vaso Parisinou struggled with outdated data. She was building pay bands across global teams but couldn’t find relevant, current benchmarks. That frustration inspired her to build a better solution.
Alongside Co-CEO Merten Wulfert and CTO Raymond Siems, the team combined deep HR, tech, and product expertise to build Ravio. Their mission: help HR teams lead with confidence and accurate data.
Why Investors Are Betting on Real-Time Compensation
Spark Capital, known for backing Slack and Twitter, returned to double down on Ravio. Partner Alex Finkelstein said they see the company becoming the new standard for real-time compensation. Blackbird and Cherry Ventures, both experienced in scaling global startups, share that vision.
And the market is responding. Ravio now supports pay benchmarking in over 46 countries and across 100+ roles. Secure API integrations allow it to pull and anonymize live data directly from HR systems. This powers tools for building pay bands, running merit cycles, and forecasting salary packages in real time.
What Sets Ravio Apart
Traditional compensation tools rely on surveys that can be 12–18 months out of date. In contrast, Ravio delivers fresh, live data. That means fewer guesswork and more accurate pay decisions.
HERO Software, a German SaaS company, used Ravio while scaling from 100 to 250 employees. The platform quickly flagged pay gaps, helping the HR team build equitable pay bands. Other users, like Mollie and Bolt, have also praised Ravio’s speed, clarity, and visual dashboards.
And Ravio isn’t just about benchmarking. It also provides analytics for equity, benefits, and new hire offers. This makes compensation planning easier, faster, and more transparent.
Rapid Growth and a Bold Global Roadmap
Ravio has already achieved 400% ARR growth and has over 1,200 customers. It recently expanded into India, Australia, and Greece, with deeper coverage across Europe. That global footprint gives customers region-specific data for smarter decisions.
Next, the team plans to scale the dataset further and add predictive features. These will help companies plan compensation for new hires before making offers. According to Siems, Ravio was built around what HR leaders actually need: real-time insights, minimal admin, and defensible data.
To support more teams, Ravio now offers two months of free access to companies with over 100 employees. It’s a strong incentive as businesses seek more transparent, fair, and data-driven compensation strategies.
With demand growing fast and legacy providers struggling to keep up, Ravio is well positioned to lead the future of real-time compensation.
