# Fonoa Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fonoa-technologies

- Industry: Software
- Headquarters: Dublin, Ireland
- Website: www.fonoa.com/
- Total disclosed funding: $194M
- Latest round: Series C (May 28, 2026)
- Investors on record: 12

## About

Fonoa Technologies Ltd. provides a specialized tax automation platform for the digital economy, facilitating seamless compliance with real-time tax regulations across various jurisdictions for businesses. Fonoa Technologies Ltd. was founded in 2019 and is headquartered in Dublin, Ireland. The company specializes in tax automation solutions that help businesses comply with tax regulations globally. Co-founders Filip Sturman and Ivan Ivankovic have a background in technology and entrepreneurship. In May 2026, Fonoa Technologies Ltd. raised USD 110 million in series C funding led by Headline, with participation from Eurazeo, Forestay Capital, Index Ventures, OMERS, Coatue Management, and Dawn Capital. Fonoa offers a modular tax engine that enables accurate calculations of sales tax, VAT, and GST, as well as e-invoicing and tax reporting solutions. These products integrate seamlessly with existing financial and operational systems, allowing businesses, particularly in e-commerce and SaaS, to automate indirect tax processes and ensure compliance in over 190 countries and U.S. states. . The company will use the May 2026 funding to expand its platform to cover the full indirect tax lifecycle.

## Funding rounds

- Series C, May 28, 2026, $110M — Index Ventures, Eurazeo, Headline, Dawn Capital, Coatue Management, OMERS Ventures, Forestay Capital
- Series B, May 5, 2022, $60M — Index Ventures, Dawn Capital, Coatue Management, OMERS Ventures, FJ Labs, Karman Ventures
- Series A, Jul 26, 2021, $20M — Index Ventures, OMERS Ventures, FJ Labs, Karman Ventures, Geometry Ventures Two, LLC
- Seed, Nov 25, 2020, $4.2M — Index Ventures, FJ Labs, IT Web AD, Karman Ventures, Prototype Capital

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A, Series B, Series C
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A, Series B
- IT Web AD — Seed
- Karman Ventures (https://capitalatlas.ai/funds/karman-ventures) — Seed, Series A, Series B
- Prototype Capital — Seed
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series A, Series B, Series C
- Geometry Ventures Two, LLC — Series A
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series B, Series C
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B, Series C
- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series C
- Headline (https://capitalatlas.ai/funds/headline) — Series C
- Forestay Capital (https://capitalatlas.ai/funds/forestay-capital) — Series C