Sonovate Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Private

  • Employees
  • 200

Employees

  • Latest Deal Type
  • Series D

  • Latest Deal Amount
  • $202M

  • Investors
  • 11

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
Corporate Office
  • 4th Floor Golate House
  • 101 Saint Mary Street
  • Cardiff CF10 1DX
  • Wales, United Kingdom
+44 020 0000 0000
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Vertical(s)
SaaS, FinTech
Corporate Office
  • 4th Floor Golate House
  • 101 Saint Mary Street
  • Cardiff CF10 1DX
  • Wales, United Kingdom
+44 020 0000 0000

Sonovate Timeline

2021202220232024
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
200 As of 2023
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00000000000 00000

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000000000 00000000
London, United Kingdom
000 As of 0000
000.00
0000000 0000 000.00

000000

la pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui o
000000000 00000000
Bucharest, Romania
000 As of 0000
000.00
00000000000 000.00
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Sonovate Competitors (14)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Demica Private Equity-Backed London, United Kingdom 000 000.00 0000000 0000 000.00
FintechOS Venture Capital-Backed Bucharest, Romania 000 000.00 00000000000 000.00
Axio (Financial Services) Venture Capital-Backed Bengaluru, India 000 00000 000000&0 00000
Investly Venture Capital-Backed London, United Kingdom 0 00.000 000000000000 00.000
Fundation Formerly PE-Backed Reston, VA 000 00000 000000&0
You’re viewing 5 of 14 competitors. Get the full list »

Sonovate Executive Team (15)

Name Title Board Seat
Damon Chapple Co-Founder, Co-Chief Executive Officer & Board Member
Richard Prime Co-Founder, Co-Chief Executive Officer & Board Member
Robustiano Tubio Chief Financial Officer
Bob Strudwick Chief Technology Officer
Elise Lockyer Chief People Officer
You’re viewing 5 of 15 executive team members. Get the full list »

Sonovate Board Members (5)

Name Representing Role Since
Damon Chapple Sonovate Co-Founder, Co-Chief Executive Officer & Board Member 000 0000
Michael Birch Self Board Member 000 0000
Paul Birch Self Board Member 000 0000
Richard Prime Sonovate Co-Founder, Co-Chief Executive Officer & Board Member 000 0000
You’re viewing 4 of 5 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

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Sonovate Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
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
Michael Birch Angel (individual) Minority 000 0000 000000 0
MXB Holdings Growth/Expansion Minority 000 0000 000000 0
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Sonovate FAQs

  • When was Sonovate founded?

    Sonovate was founded in 2011.

  • Who is the founder of Sonovate?

    Damon Chapple and Richard Prime are the founders of Sonovate.

  • Who is the CEO of Sonovate?

    Damon Chapple and Richard Prime are the CEOs of Sonovate.

  • Where is Sonovate headquartered?

    Sonovate is headquartered in Cardiff, United Kingdom.

  • What is the size of Sonovate?

    Sonovate has 200 total employees.

  • What industry is Sonovate in?

    Sonovate’s primary industry is Financial Software.

  • Is Sonovate a private or public company?

    Sonovate is a Private company.

  • What is Sonovate’s current revenue?

    The current revenue for Sonovate is 00000.

  • How much funding has Sonovate raised over time?

    Sonovate has raised $422M.

  • Who are Sonovate’s investors?

    BNP Paribas, Quadrille Capital, M&G, Michael Birch, and MXB Holdings are 5 of 11 investors who have invested in Sonovate.

  • Who are Sonovate’s competitors?

    Demica, FintechOS, Axio (Financial Services), Investly, and Fundation are some of the 14 competitors of Sonovate.

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