Draper Esprit leads £16.4m in series-C round in Ravelin

Amadeus Capital Partners, BlackFin Tech, and Passion Capital also participated in the round.

Existing investors, led by Playfair Capital with participation from Amadeus Capital, Passion Capital, Wonga founder Errol Damelin, and Paul Forster, founder of Indeed.com, have all either maintained or expanded their respective stakes in the business.

This investment enables Ravelin to continue to grow the team and invest in infrastructure and technology.

Previous funding
In 2015, Playfair, Amadeus and a number of business angels invested £1.3m in Ravelin.

In 2016, Passion Capital joined existing investors to invest £3m in the company.

Subsequently, BlackFin Capital Partners joined existing investors in an £8m funding round in 2018.

Company
Ravelin is a fraud detection technology company that focuses on payment fraud. Founded in 2014 and based in London, the company employs 73 employees, according to LinkedIn.

People
Playfair Capital – Nathan Benaich (partner).
Passionate Capital – Robert Dighero (partner).
Ravelin – Martin Sweeney (CEO).

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