Recruitment finance provider Sonovate has raised a £14m Series B funding round led by Global Founders Capital, the investment vehicle of Rocket Internet, and supported by Dawn Capital.

Comprised of £9m in equity and £5m in debt funding, this round of investment follows the £20m funding round announced in February this year in a Series A funding round led by Dawn Capital, with debt funding provided by Shawbrook Business Credit.

In a statement the firm revealed this round of capital investment will help fuel Sonovate’s international expansion – with the aim of launching in Europe and North America over the next year. Sonovate adds it will also be investing in developing new products focused on winning more established recruitment agencies and other businesses using contingent staff.