Fonoa is the AI tax operating system for global businesses. Its modules cover the full indirect tax lifecycle, including tax ID validation, real-time tax determination, e-invoicing, and returns, all on one shared data model and integration with one audit trail.
Investment Rounds
Capital activity and funding progression
| Amount | Date | Round |
|---|---|---|
| $110 M | May, 2026 | series-c |
Frequently Asked Questions
Where is Fonoa located?
Fonoa is located in Dublin, Ireland.
What industries does Fonoa operate in?
Fonoa operates in the following industries: tax technology, compliance software, fintech, enterprise software.
How much total funding has Fonoa raised?
Fonoa has raised a total of $110,000,000.
Who are the investors in Fonoa?
The investors in Fonoa are: Headline, Eurazeo, Forestay Capital, Index Ventures, OMERS, Coatue, Dawn Capital.
What is Fonoa and what does it do?
Fonoa is a global tax automation platform designed to help digital businesses, marketplaces, and SaaS companies manage indirect tax compliance. It provides a suite of solutions including real-time tax calculation, tax ID validation, automated invoicing, and e-invoicing across more than 190 jurisdictions.
Which types of businesses typically use Fonoa?
Fonoa is primarily built for multinational digital platforms, marketplaces, and SaaS companies that need to navigate complex, multi-country tax regulations and manage high volumes of cross-border transactions.
How does Fonoa handle tax ID validation?
Fonoa validates VAT, GST, and other tax IDs in real-time by connecting to official government databases in over 100 countries. This ensures that businesses can verify the tax status of their partners and customers instantly during onboarding or checkout processes.
Does Fonoa support e-invoicing?
Yes, Fonoa provides a unified e-invoicing API that allows businesses to generate tax-compliant invoices and report transactions in real-time to meet local regulatory mandates in various countries.
What kind of pricing model does Fonoa offer?
Fonoa utilizes a usage-based pricing model where costs are generally determined by the volume of API calls or the number of transactions processed through the platform.
How can businesses integrate Fonoa into their existing systems?
Fonoa offers an API-first platform designed for rapid deployment and seamless integration into existing financial, billing, and operational software, allowing technical teams to implement it within days or weeks.