U.K.-based startup Sonovate announced today that it closed a $22 million (£20 million) series A round. Dawn Capital led a $5.5 million investment for Sonovate, while Shawbrook Business Credit provided the remaining $16.5 million in debt.

The startup, which offers “contract management for recruitment businesses,” said it will use the capital to further develop its product and to launch its service in mainland Europe and North America.


Sign up for Funding Daily: Get the latest funding news in your inbox every weekday.

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. ... All Sonovate news »

Track Sonovate's Landscape to stay on top of the industry. Access the entire ecosystem, track innovation & deals. Learn more.