Sonovate

Solves cash flow and admin headaches for users and suppliers of global contingent workforce solutions.

Launch date

Mar 2012

Employees

Market cap

Enterprise valuation

Company register number 07500445

Cardiff Wales (HQ)

http://www.sonovate.com

https://twitter.com/sonovate https://www.facebook.com/Sonovate https://www.linkedin.com/company/sonovate/https://apps.apple.com/app/id1225877574 https://play.google.com/store/apps/details?id=com.sonovate.sonovate

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Revenues, earnings & profits over time

EUR	2017	2018	2019	2020	2021	2022	2023
Revenues	4.4m	7.4m	9.5m	16.5m	14.1m	15.1m	18.5m
% growth	100 %	68 %	29 %	73 %	(15 %)	7 %	23 %
EBITDA	(5.0m)	(7.0m)	(6.0m)	(7.7m)	(4.4m)	-	-
% EBITDA margin	(114 %)	(95 %)	(63 %)	(47 %)	(31 %)	-	-
Profit	(5.3m)	(7.3m)	(7.7m)	(10.5m)	(4.8m)	-	-
% profit margin	(120 %)	(99 %)	(81 %)	(64 %)	(34 %)	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Nov 2015	Avala Capital	€160k	Series A
Dec 2015	DN Capital Dawn Capital	£5.0m	Series A
Dec 2015	Shawbrook	$16.5m	Debt
May 2016	Avala Capital	€27.0k	Secondary
Oct 2016*	Global Founders Capital Avala Capital Dawn Capital	$9.0m	Series B
Sep 2019*	M&G Investments Rocket Internet Dawn Capital	£55.0m	Late VC
Jul 2022*	BNP Paribas M&G Investments	£165m	Lending Capital
Total Funding		€80.3m

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by LexisNexis Aug 2021

Orka Technology Group