Fonoa

Summary active Updated May 29, 2026

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Location Dublin, Ireland
Founded 2019
Latest Stage Series C
Total Raised $130M+
Website https://www.fonoa.com/
Sector
fintech taxtech ai enterprise-software compliance vat regtech

Investors

Gautam Gupta 2021 (2021)
William Barnes Moving Capital era (2021)
A* 2021 (2021)
karman-ventures Moving Capital era (2021)

Founders

Davor Tremac Co-Founder & CEO
Filip Sturman Co-Founder
Ivan Ivankovi Co-Founder

About

Fonoa is a Dublin-based AI tax-operating system founded in 2019 by three Uber alumni — Davor Tremac (CEO), Filip Sturman, and Ivan Ivankovi — that automates global tax compliance, VAT/GST determination, e-invoicing, and reporting for cross-border enterprises 123. Customers include Canva, Uber, Netflix, Nebius, and Booking.com, with some reporting up to 90% faster tax calculation 12. The $110M (€94.4M) Series C announced May 28, 2026 was led by Headline with new investors Eurazeo and Forestay Capital joining existing backers Index Ventures, OMERS, Coatue, and Dawn Capital; Fonoa simultaneously acquired Indirect Tax Edge (Edge), PwC’s global indirect-tax compliance product, bringing the entire indirect-tax lifecycle into a single data model from tax-ID validation through real-time determination, e-invoicing, and return submission 123.

Funding History

Date Round Amount Lead Co-investors
2026-05-28 Series C $110M (€94.4M) Headline Eurazeo, Forestay Capital, Index Ventures, OMERS, Coatue, Dawn Capital 123

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

No independently sourced founder quotes found at this time.

Sources

  1. EU-Startups, “Dublin’s AI TaxTech startup Fonoa raises €94.4 million Series C and buys PwC’s tax platform,” May 29, 2026. Accessed May 2026. https://www.eu-startups.com/2026/05/dublins-ai-taxtech-startup-fonoa-raises-e94-4-million-series-c-and-buys-pwcs-tax-platform/↩↩↩↩

  2. Yahoo Finance (BusinessWire), “Fonoa Acquires PwC’s Tax Platform and Raises $110M to Build Category-Defining AI Tax System,” May 28, 2026. Accessed May 2026. https://sg.finance.yahoo.com/news/fonoa-acquires-pwcs-tax-platform-190000990.html↩↩↩↩

  3. The Next Web, “Fonoa raises $110M and buys PwC’s tax software to build a real-time compliance platform,” May 28, 2026. Accessed May 2026. https://thenextweb.com/news/fonoa-110m-series-c-pwc-tax-edge↩↩↩