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.
London, GB
Size (employees)
87 (est)+7%
Sonovate was founded in 2012 and is headquartered in London, GB
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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

$16.50 m

Time since last funding

2 years ago


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 £1.83 m in FY, 2016 which is a 48.8% 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)
GBPY, 2016

Financial Leverage

104.1 x
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