Ravelin nabs Series B funding
Summary
LONDON SEP 11, 2018: Ravelin, the London-based fraud and risk prediction company, today announced an £8M Series B round led by BlackFin Capital Partners to expand its overseas business and extend its market reach.In the last year leading businesses including eShopWorld, Just Eat, Kinguin, and Quiqup have joined its enterprise client portfolio and the company is now helping secure their transactions across 96 countries.Ravelin uses a combination of machine learning, graph networks and human insights to detect fraud before the sale happens, saving merchants millions in chargebacks, lost customers and reputational damage.Established in 2011 and based in London, the managing partners Eileen Burbidge, Robert Dighero and Stefan Glaenzer have more than 60 years’ collective experience in entrepreneurial, founding and executive operational roles at tech firms.Passion has invested in more than 70 different founding teams across 5 different European countries to date, including Monzo Bank, Spotahome, GoCardless, Adzuna, Digital Shadows, Nested, Tide, Prowler and of course Ravelin.
Funding
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