2024 Revenue
$24.2M(Est.)
Funding
$27.5M
Team
158
Founded
2012
Sonovate Revenue & Funding (2024)
Sonovate generated an estimated $24.2M in annual revenue in 2024. Source: GetLatka estimate
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.
Last updated
Sonovate Revenue
In 2024, Sonovate's revenue reached $24.2M. The company previously reported $11.5M in 2023. Since its launch in 2012, Sonovate has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Sonovate Hit $24.2m revenue in October 2024 | Estimated |
| 2023 | Sonovate Hit $11.5m revenue in December 2023 | Estimated |
| 2021 | Sonovate Hit $6.6m revenue in April 2021 | Not recorded |
| 2012 | Launched with $0 revenue |
Sonovate Valuation, Funding Rounds
Sonovate has not publicly disclosed its valuation. The company has raised $27.5M in total funding to date.
Sonovate has raised $27.5M in total funding across 2 rounds, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2016 | Funding round | $19.7M | - | - | Not recorded |
| 2016 | Funding round | $7.7M | - | - | Not recorded |
Founder / CEO
Damon Chapple
CEO
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.
Sonovate Employees & Team Size
Sonovate employs approximately 158 people as of 2026, down from 188 in 2023, including 7 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 158 employees (December 2024) | Not recorded |
| 2024 | Reached 188 employees (October 2024) | Not recorded |
| 2023 | Reached 188 employees (December 2023) | Not recorded |
| 2022 | Reached 179 employees (December 2022) | Not recorded |
| 2021 | Reached 130 employees (December 2021) | Not recorded |
| 2021 | Reached 93 employees (April 2021) | Not recorded |
Frequently Asked Questions about Sonovate
What is Sonovate's revenue?
As of 2024, Sonovate generated an estimated $24.2M in annual revenue.
Who founded Sonovate?
Sonovate was founded by Damon Chapple.
When was Sonovate founded?
Sonovate was founded in 2012.
Who is the CEO of Sonovate?
The CEO of Sonovate is Damon Chapple.
How much funding does Sonovate have?
Sonovate raised $27.5M across 2 rounds.
How many employees does Sonovate have?
As of 2024, Sonovate had 158 employees.
Where is Sonovate headquartered?
Sonovate is headquartered in London, England, United Kingdom.
Compare Sonovate to the industry
Sonovate operates across multiple industries. Browse revenue, funding, and growth data for Sonovate in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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