Who founded Sonovate?

Sonovate was founded by Richard Prime, Damon Chapple in 2013.

Who are Sonovate's investors?

Sonovate's investors include Dawn Capital, Global Founders Capital, M&G Investments, Rocket Internet SE.

Sonovate

Founded 2013 · 149 employees on LinkedIn · 5 known investors

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Sonovate provides flexible funding solutions for recruitment agencies, consultancies, and labour marketplaces to support business growth and operations. It operates in the fintech sector, offering finance products aimed at staffing and contingent workforce businesses.

Fintech Future of Work HR Tech SaaS

Founders & leadership

Sonovate was founded in 2013 by Richard Prime and Damon Chapple.

Richard Prime Co-CEO & FounderRichard Prime co-founded Sonovate, a fintech platform providing funding and payment solutions for recruitment agencies, consultancies, and labour marketplaces. The company has funded over £8bn across clients in 44 countries since its inception.

Damon Chapple CEO and FounderDamon Chapple is Co-CEO of Sonovate, a fintech company providing flexible funding and finance products for recruitment agencies and staffing businesses.

Investors · 5

Dawn Capitallisted by Dawn CapitalLondon · $317.5K – $6.3M

How we know: Dawn Capital's portfolio page · funding news · techround.co.uk · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Global Founders CapitalreportedBerlin · $1M

How we know: funding news · privateequitywire.co.uk · Not right? Tell us

M&G InvestmentsreportedSouth Africa

How we know: techround.co.uk · Not right? Tell us

Rocket Internet SEreportedBerlin

How we know: funding news · techround.co.uk · Not right? Tell us

Also in the syndicate · 1

MXB Holdings Inclead

Companies House · registry record

View on Companies House ↗

Registered name: SONOVATE LIMITED
Company number: 07500445
Status: Active
Company type: Private limited company
Incorporated: 20 Jan 2011
Registered office: 4th Floor Golate House, 101 St. Mary Street, Cardiff, CF10 1DX
Nature of business (SIC): 62012 — Business and domestic software development63110 — Data processing, hosting and related activities64999 — Financial intermediation not elsewhere classified72190 — Other research and experimental development on natural sciences and engineering
Previous names: RECTRADER LIMITED (2011–2011)
Accounts: last made up to 31 Dec 2024 · next due 29 Sept 2026
Confirmation statement: last made up to 15 May 2026 · next due 29 May 2027

Current officers · 5

Andrew Neil Scott — secretary, appointed 16 Apr 2026
Michael Birch — director, appointed 5 Mar 2021
Paul James Birch — director, appointed 14 Mar 2017
Damon Chapple — director, appointed 20 Jan 2011
Richard Anthony Prime — director, appointed 20 Jan 2011

Source: Companies House public register · retrieved 30 Aug 2026. Contains public sector information licensed under the Open Government Licence v3.0.

Frequently asked questions

What does Sonovate do?: Sonovate provides flexible funding solutions for recruitment agencies, consultancies, and labour marketplaces to support business growth and operations. It operates in the fintech sector, offering finance products aimed at staffing and contingent workforce businesses.
Who founded Sonovate?: Sonovate was founded by Richard Prime, Damon Chapple in 2013.
Who are Sonovate's investors?: Sonovate's investors include Dawn Capital, Global Founders Capital, M&G Investments, Rocket Internet SE.