UK recruitment contract finance provider Sonovate has raised £20m in capital funding, including a £5m Series A funding round led by Dawn Capital and supported by DN Capital, and £15m in debt funding provided by Shawbrook Business Credit.

Dawn Capital partner Josh Bell joins the Sonovate board.

Dawn Capital is an early stage venture capital firm investing in SaaS and Fintech start-ups across Europe. 

DN Capital is a global early stage and growth capital investor in software, mobile applications, digital media, marketplace and e-commerce companies.