Valuation
$14.9M
2021 Revenue
$5M
Customers
20K
Funding
$0
Avg ACV
$248
Team
128
Founded
2001
How Sovos CEO Andy Hovancic grew to $5M revenue and 20K customers in 2021.
Sovos ShipCompliant provides wine, beer and spirits suppliers with a full suite of web-based software tools to ensure compliance with all federal and state laws for direct and wholesale distribution. Sovos ShipCompliant offers software as a service (SaaS) to fully automate complex functions such as compliance checks, brand and label registrations, price postings, direct shipping, excise tax, sales tax reporting and paperless compliance management.
Sovos ShipCompliant is recognized as the wine industry's standard for compliance management through established relationships with leading wine industry associations, software companies, third-party shippers, compliance consultants and common carriers. For more information, visit www.sovos.com/shipcompliant
Last updated
Sovos Revenue
In 2021, Sovos's revenue reached $5M. Since its launch in 2001, Sovos has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Sovos Hit $5m revenue in April 2021 | |
| 2001 | Launched with $0 revenue |
Sovos Valuation, Funding Rounds
Sovos's most recent disclosed valuation is $14.9M.
Sovos is a bootstrapped Wine, Beer and Spirits Software startup. Founded in 2001, Sovos has grown to $5M in revenue without raising any venture capital or outside funding.
As a self-funded Wine, Beer and Spirits Software SaaS company, Sovos has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Andy Hovancic
Senior executive with 20+ years in General Management, Strategic Marketing, and Sales Force Design & Management Roles in Software, Services and Manufacturing industries. Leader with a passion for organizational development and continuous improvement. He enjoy challenges and had many in his career, which has made him a better manager, team member, and leader. His broad-based experience includes full P&L responsibility, finance, human resources, product development and operations complementing an exceptional track record in sales, marketing and business development. Specialties in Management, Marketing & Sales: Leadership & Organizational Development Strategic Planning Planning, Budgeting & Control Lean Manufacturing Financing / Raising Capital Marketing, Positioning & Branding Strategy Product Management & Marketing Sales Force Design & Sales Management Mergers & Acquisitions Software Development Turnaround / Restructuring / Crisis Management Strategic Account Development Business Development / Channel Strategic Selling & Large Complex Sales
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Sovos serves 20K customers.
Sovos Employees & Team Size
Sovos employs approximately 128 people as of 2026. It serves 20K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 128 employees (April 2021) |
Frequently Asked Questions about Sovos
What is Sovos's revenue?
Sovos generates $5M in revenue.
Who founded Sovos?
Sovos was founded by Andy Hovancic.
Who is the CEO of Sovos?
The CEO of Sovos is Andy Hovancic.
How much funding does Sovos have?
Sovos raised $0.
How many employees does Sovos have?
Sovos has 128 employees.
Where is Sovos headquarters?
Sovos is headquartered in Farnboroough, England, United Kingdom.
Compare Sovos to the industry
Sovos operates across multiple industries. Browse revenue, funding, and growth data for Sovos 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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