Sonovate Overview

  • Founded

  • 2011

Founded
  • Status

  • Private

  • Employees

  • 178

Employees
  • Latest Deal Type

  • Series D

  • Latest Deal Amount

  • $202M

  • Investors

  • 9

Sonovate General Information

Description

Operator of a fund management platform designed to make business easy with fast invoice finance. The company's platform offers an end-to-end work pay technology that takes care of back-office tasks such as creating contracts, timesheets, and invoices as well as permits fund collection, enabling businesses and consultancies to get security and flexibility to manage their contractor payment cycle more efficiently.

Contact Information

Website
www.sonovate.com
Formerly Known As
Rectrader
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Business/Productivity Software
Primary Office
  • 4th Floor Golate House
  • 101 Saint Mary Street
  • Cardiff CF10 1DX
  • Wales, United Kingdom
+44 020 0000 0000

Sonovate Timeline

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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Sonovate Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series D) 06-Jul-2022 $202M 00000 Completed Generating Revenue
6. Secondary Transaction - Private 07-Oct-2020 00.000 00000 00000 Completed Generating Revenue
5. Later Stage VC (Series C) 09-Sep-2019 00000 00000 000.00 Completed Generating Revenue
4. Later Stage VC (Series B) 12-Oct-2016 000.00 000.00 000.00 Completed Generating Revenue
3. Later Stage VC (Series A) 28-Jan-2016 000.00 000.00 000.00 Completed Generating Revenue
2. Debt - General 31-Oct-2014 $16.1M $22.4M Completed Generating Revenue
1. Angel (individual) 13-Mar-2012 $6.32M $6.32M Completed Generating Revenue
To view Sonovate’s complete valuation and funding history, request access »

Sonovate Cap Table

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 B 0,000,000 00.000000 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 $0.000129 $0.17 $0.17 1x $0.17 11.13%
Ordinary 660,000 $0.000129 $0.2 $0.2 1x $0.2 2.78%
To view Sonovate’s complete cap table history, request access »

Sonovate Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a fund management platform designed to make business easy with fast invoice finance. The company's platform
Financial Software
Cardiff, United Kingdom
178 As of 2023
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00000 000000000 0000
Leawood, KS
000 As of 0000
00000
00000000000 00000

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000000000 00000000
London, United Kingdom
000 As of 0000
000.00
0000000 0000 000.00
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Sonovate Competitors (13)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
C2FO Venture Capital-Backed Leawood, KS 000 00000 00000000000 00000
000000 Private Equity-Backed London, United Kingdom 000 000.00 0000000 0000 000.00
000000000 Venture Capital-Backed London, United Kingdom 000 000.00 0000000000 0 000.00
000000000 Formerly PE-Backed Reston, VA 000 00000 000000&0 00000
0000 (00000 000000 Venture Capital-Backed Bengaluru, India 000 00000 00000000000 00000
You’re viewing 5 of 13 competitors. Get the full list »

Sonovate Executive Team (13)

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
Martin Fest Chief Financial Officer
Robustiano Tubio Co-Chief Financial Officer
Bob Strudwick Chief Technology Officer
You’re viewing 5 of 13 executive team members. Get the full list »

Sonovate Board Members (7)

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
Michael Birch Self Board Member 000 0000
Paul Birch Self Board Member 000 0000
Paul Saunders Sonovate Senior Board Advisor & Board Member 000 0000
You’re viewing 5 of 7 board members. Get the full list »

Sonovate Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Sonovate Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
BNP Paribas Investment Bank Minority 000 0000 000000 0
Quadrille Capital Venture Capital Minority 000 0000 000000 0
M&G Asset Manager Minority 000 0000 000000 0
MXB Holdings Venture Capital Minority 000 0000 000000 0
Rocket Internet Accelerator/Incubator Minority 000 0000 000000 0
You’re viewing 5 of 9 investors. Get the full list »

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