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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
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.
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 | - | - | |
| 2016 | Funding round | $7.7M | - | - |
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.
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We do not have customer count information for Sonovate yet.
Sonovate employs approximately 158 people as of 2026, down from 188 in 2023, including 7 sales reps that carry a quota.
Sonovate generates an estimated $24.2M in annual revenue.
Sonovate was founded by Damon Chapple.
The CEO of Sonovate is Damon Chapple.
Sonovate raised $27.5M across 2 rounds.
Sonovate has 158 employees.
Sonovate is headquartered in London, England, United Kingdom.
Sonovate operates across multiple industries. Browse revenue, funding, and growth data for Sonovate in each sector below.
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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2024 Revenue
$24.2M(Est.)
Funding
$27.5M
Team
158
Founded
2012
| 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 | |
| 2012 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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