Sonovate
2024 Revenue
$24.2M
Funding
$27.5M
YOY
109.6%
Team
158
Founded
2012
How Sonovate CEO Damon Chapple grew Sonovate to $24.2M revenue with a 158 person team in 2024.
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 |
|---|---|
| 2024 | Sonovate Hit $24.2m revenue in October 2024 |
| 2023 | Sonovate Hit $11.5m revenue in December 2023 |
| 2021 | Sonovate Hit $6.6m revenue in April 2021 |
| 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 |
|---|---|---|---|---|
| 2016 | Funding round | $19.7M | - | - |
| 2016 | Funding round | $7.7M | - | - |
Sonovate Employees & Team Size
Sonovate employs approximately 158 people as of 2026, down from 188 in 2023.
Sonovate has 158 total employees in different roles and functions and 7 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 158 employees (December 2024) |
| 2024 | Reached 188 employees (October 2024) |
| 2023 | Reached 188 employees (December 2023) |
| 2022 | Reached 179 employees (December 2022) |
| 2021 | Reached 130 employees (December 2021) |
| 2021 | Reached 93 employees (April 2021) |
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
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Sonovate yet.
Frequently Asked Questions about Sonovate
What is Sonovate's revenue?
Sonovate generates $24.2M in revenue.
Who founded Sonovate?
Sonovate was founded by Damon Chapple.
Who is the CEO of Sonovate?
The CEO of Sonovate is Damon Chapple.
How much funding does Sonovate have?
Sonovate raised $27.5M.
How many employees does Sonovate have?
Sonovate has 158 employees.
Where is Sonovate headquarters?
Sonovate is headquartered in London, England, United Kingdom.
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Compare Sonovate to the industry
Sonovate operates across multiple industries. Browse revenue, funding, and growth data for Sonovate in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .