Ravio in a $10 million equity deal backed by Northzone.

Ravio, a London, UK-based software startup building an operation based on a benchmarking and analytics platform for salaries in the tech industry, announced closing a $10 million equity deal, in what they dub to be a seed round.

The money was raised from investors led by Northzone, joined by Cherry Ventures and Spark Capital.

Ravio, founded in 2022 by Roy Blanga and Merten Wulfert, developed a software solution that helps tech companies calibrate market-level compensation packages for their teams, through a platform that provides access to real-time market benchmarks and compensation analytics. The company says that its core benchmarking product is free and operates on a sharing principle. Companies can anonymously and securely contribute their data, and in exchange access market benchmarks and use filters to compare themselves to similar companies. Ravio’s wider suite of products allows companies to manage and communicate their compensation internally, from running performance review cycles to educating candidates on equity packages and vesting.