Sonovate, a London, UK-based recruitment finance provider, raised a £14m Series B funding.
The round was led by Rocket Internet’s investment arm Global Founders Capital and supported by Dawn Capital.
Comprising £9m in equity and £5m in debt funding, it follows the £20m funding round announced in February this year in Series A funding.
The company intends to use the funds to continue to innovate, grow the team, expand internationally in Europe and North America over the next year.
Launched in 2014 by Richard Prime and Damon Chapple, Sonovate provides a contract finance solution to UK recruitment businesses.
The company has 100 employees.