Sonovate

Sonovate Overview

Founded 2011
Founded
Status Private
Employees 100
Employees
Latest Deal Type Later Stage VC
Latest Deal Amount $134M
Latest Deal Amount
Investors 9

Sonovate General Information

Description

Developer of a business platform created for recruitment businesses and consultancies. The company's platform offers an end-to-end work pay solution that takes care of back-office tasks such as creating contracts, timesheets, and invoices as well as helps in fund collection, enabling clients to manage their contractor payment cycle more efficiently.

Contact Information

Formerly Known As
Rectrader
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Human Capital Services
Other Industries
Financial Software
Other Financial Services
Primary Office
  • 6th Floor
  • 80 Cannon Street
  • London EC4N 6HL
  • England, United Kingdom
+44 020 0000 0000

Sonovate Timeline

2017201820192020
Financing RoundCaptured Employee CountEstimated Employee Growth
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Sonovate Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 09-Sep-2019 $134M 000.00 Completed Generating Revenue
5. Later Stage VC (Series B2) 01-May-2019 00.00 000.00 0000 Completed Generating Revenue
4. Early Stage VC (Series B) 12-Oct-2016 000.00 000.00 000.00 Completed Startup
3. Early Stage VC (Series A) 28-Jan-2016 000.00 000.00 000.00 Completed Startup
2. Debt - General 31-Oct-2014 $16.1M $22.4M Completed Startup
1. Angel (individual) 13-Mar-2012 $6.32M $6.32M 00.000 Completed Startup

Sonovate Cap Table

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Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B2 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series B1 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series A 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Ordinary 2,640,000 $0.000130 $0.17 $0.17 1x $0.17 9.79%
Ordinary 660,000 $0.000130 $0.2 $0.2 1x $0.2 2.45%

Sonovate Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing
Amount
0000000000000 Venture Capital-Backed London, United Kingdom 000 000.00 0000000000 0 000.00

Sonovate Executive Team (9)

Name Title Board Seat Contact Info
Damon Chapple Co-Founder, Board Member & Co-Chief Executive Officer
Richard Prime Co-Founder, Board Member & Co-Chief Executive Officer
Andrew Scott Finance Director
Nick Harriman Head of Growth
Richard Lester Head, UK Sales

3 Former Executives

Sonovate Board Members (6)

To view Sonovate‘s full board member team, request access >>
Name Representing Role Since
Damon Chapple Sonovate Co-Founder, Board Member & Co-Chief Executive Officer 000 0000
John Martin Self Senior Board Advisor & Board Member 000 0000
Josh Bell Dawn Capital Board Member 000 0000
Paul Birch Self Board Member 000 0000
Paul Saunders Sonovate Senior Board Advisor & Board Member 000 0000

Sonovate Investors (9)

To view Sonovate‘s full investor history, request access >>
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
M&G Investments Asset Manager Minority 000 0000 000000 0
Mxb Holdings Other Minority 000 0000 000000 0
Rocket Internet Venture Capital Minority 000 0000 000000 0
Global Founders Capital Venture Capital Minority 000 0000 000000 0
Avala Capital Venture Capital Minority 000 0000 000000 0

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