Series C

Fonoa Raises $110M Series C

Fonoa raises $110M in a Series C round led by Headline to enhance its AI-driven global tax compliance platform and integrate new enterprise capabilities.

by Ben Murray

Updated June 01, 2026

Fonoa Raises $110M Series C

Fonoa, a Dublin-based tax technology company, has raised $110m in a Series C funding round and acquired Indirect Tax Edge (Edge) from PwC.

Alongside the funding, Fonoa announced the acquisition of Edge, PwC’s indirect tax compliance platform used by multinational organisations to manage VAT and GST reporting, e-filing, transactional data management and tax analytics.

Investors

The round was led by Headline, with participation from new investors Eurazeo and Forestay Capital. Existing investors Index Ventures, OMERS, Coatue and Dawn Capital also participated in the financing.

Fonoa Use of Funds

Fonoa intends to use the new capital to build more autonomous, AI-driven intelligence into its compliance platform and to further integrate the recently acquired PwC Indirect Tax Edge product into its existing ecosystem.

About Fonoa

Led by CEO Davor Tremac, Fonoa is a company that has built a real-time tax infrastructure platform. The company helps enterprises automate tax determination, tax ID validation, e-invoicing, compliance reporting, and indirect tax filing across international markets. Today, Fonoa supports tax determination across more than 190 jurisdictions, validates tax identification numbers in over 100 countries, powers e-invoicing for millions of businesses, and processes more than one billion transactions annually. Customers include global companies such as Canva, Uber, Netflix, Nebius, and Booking.com.