Sonovate
London, England, United Kingdom
How Sonovate hit $11.5M revenue with a 188 person team in 2023.
Operator of a recruitment agency intended to offer contract recruitment business. The company's recruitment services offers funding and a cloud-based technology as well as invoice finance wrapped in bespoke technology, enabling businesses to manage their contractor payment cycle.
2012
Founded
$11.5M
2023 Revenue
37%
YOY
$27.5M
Funding
Sonovate Revenue
In 2023, Sonovate revenue run rate hit $11.5M in revenue.
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2023
Sonovate hit $11.5M in revenue in 2023
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2021
Sonovate hit $6.6M in revenue in 2021
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2012
Sonovate launched in 2012 with $0 revenue
Sonovate Funding History
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2016
Sonovate raised a of in October, 2016
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2016
Sonovate raised a of in February, 2016
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| October, 11 2016 | |||
| February, 03 2016 |
Team
Sonovate has 188 total employees and 7 sales reps that carry a quota. an engineering team of 27 and a marketing team of 7.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 188 |
| Engineer | 27 (14%) |
| Sales | 7 (4%) |
| Marketing | 7 (4%) |
Founder / CEO
Damon Chapple
After spending almost two decades in recruitment, Damon wanted to do something uniquely different. Having encountered all the barriers involved with financing and running contractors first hand, Damon set-up Sonovate to challenge the stagnant finance on offer and provide a new solution tailored specifically to the needs of the contract recruitmentsector. Damon is using his experience of building businesses all over the world as a group director of a global recruitment band, to drive Sonovate into the market transforming solution it is today.
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Sonovate Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Damon Chapple | CEO | [email protected] | - |
Sonovate Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Damon Chapple | CEO | [email protected] | - |
Frequently Asked Questions about Sonovate
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When was Sonovate founded?
Sonovate was founded in 2012.
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How much revenue does Sonovate generate?
Sonovate generates $11.5M in revenue.
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Who is the CEO of Sonovate
The CEO of Sonovate is Damon Chapple.
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How much funding does Sonovate have?
Sonovate raised $27.5M.
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How many employees does Sonovate have?
Sonovate has 188 employees.
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Where is Sonovate headquarters?
Sonovate is headquartered at London, England, United Kingdom
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