Sonovate is contract finance tailored exclusively for the recruitment industry and provides both the funding and back-office support needed to run a successful, efficient contract business. Designed to provide the finance and back-office and technology to support to run contractors, Sonovate removes many of the headaches associated with old-fashioned finance products such as Invoice Discounting & Invoice Factoring. Sonovate frees agencies from the burden of contract administration, allowing them to do more deals, grow sales teams and develop top billers.
Company Growth (employees)
London, GB
Size (employees)
80 (est)-2%
Sonovate was founded in 2012 and is headquartered in London, GB

Sonovate Office Locations

Sonovate has offices in London and Cardiff
London, GB (HQ)
80 Cannon St
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Sonovate Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$21.5 m

Latest funding size

$16.5 m

Time since last funding

almost 2 years


Sonovate's latest funding round in February 2016 was reported to be $16.5 m. In total, Sonovate has raised $21.5 m

Sonovate Financials

Sonovate's revenue was reported to be £1.8 m in FY, 2016 which is a 49% decrease from the previous period.

Revenue (FY, 2016)

1.8 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

1.7 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(2.2 m)

EBITDA (FY, 2016)

(1.8 m)

EBIT (FY, 2016)

(1.8 m)

Cash (30-Jun-2016)

1.7 m
GBPFY, 2015FY, 2016


3.6 m1.8 m

Revenue growth, %


Cost of goods sold

2.8 m167.8 k

Gross profit

757.1 k1.7 m
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


155.7 k26.4 k641.4 k29.7 k1.7 m

Accounts Receivable

158.2 k752.5 k2.8 m2.9 m11 m

Current Assets

313.8 k778.9 k3.5 m3.3 m13.3 m


1.6 k13.5 k17.7 k82.9 k
    GBPFY, 2015FY, 2016

    Net Income

    (1.7 m)(2.2 m)
      Y, 2016

      Financial Leverage

      104.1 x
      Show all financial metrics

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