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Fonoa Technologies

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AI operating system for global indirect tax compliance

Dublin, IrelandFounded 2019Fintech
Valuation $500M–1B Last recorded · 2026
Revenue $1–10M Latest reported FY
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Fonoa Technologies and the history behind them.

About Fonoa Technologies

Fonoa Technologies is a Dublin TaxTech company founded in 2019 by Uber alumni Davor Tremac (CEO), Filip Sturman and Ivan Ivanković that builds an AI tax operating system for multinational digital platforms, marketplaces and SaaS businesses. Modules cover tax ID validation, real-time determination across 190+ jurisdictions, e-invoicing and returns on a shared data model with a single audit trail; press cites clients such as Uber, Netflix, Booking.com and Canva and more than a billion transactions processed annually. In May 2026 Fonoa raised €94.4 million ($110 million) Series C led by Headline with Eurazeo, Forestay Capital and existing Index Ventures, OMERS, Coatue and Dawn Capital, and acquired PwC's Indirect Tax Edge platform for VAT/GST reporting, e-filing and tax analytics so determination, e-invoicing and filing sit in one system, while PwC continues related services through Edge. Sources: EU-Startups 29 May 2026.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Dublin, Ireland
Employees
244
Open positions
23
Dealroom signal
94.0/100
Industry
Fintech, Enterprise Software
Sub-industry
Financial Management Solutions
Sector
Fintech, Tax, Invoicing, Fintech Related, CFO Tech, Legal, Tax and Accounting
Business model
SaaS
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing May 2026 $110M $440M Index Ventures · Eurazeo · Coatue Management · Dawn Capital ↗
SERIES BOther financing Jul 2022 $60M $240M Dawn Capital · Karman Ventures · Index Ventures · OMERS Ventures ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Fonoa Technologies website traffic

Latest recorded traffic for Fonoa Technologies is 110K monthly website visits, up 20.9% over the last three months. Fonoa Technologies's team grew 31.2% over the past year.

Latest monthly visits110K 3-month web change+20.9% 1-year team growth+31.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A10 investors entered at this stage

Series B and later3 investors entered at this stage

  • Eurazeo
  • Forestay Capital
  • Ontario Municipal Employees Retirement System (OMERS)
Team profiled 27 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
18 countries with
team presence
🇬🇧 United Kingdom41.5%
🇺🇸 United States19.1%
🇭🇷 Croatia14.2%
🇪🇸 Spain8.2%
🇵🇹 Portugal3.8%
Top 5 of 18 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Fonoa Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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