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UK-based Sonovate raises £110M in debt and equity funding

Sonovate Ltd., a U.K.-based provider of finance and back-office solutions, raised £110 million with a debt and equity offering.

Dawn Capital LLP and M&G Investment Management Ltd. from the U.K., MXB Holdings LP in the U.S., and Germany's Rocket Internet SE were among those that participated in the round.

The company is eyeing expansion into international markets including Germany, the Netherlands and the U.S.