2026-05-28
Fonoa raises €94.4M Series C led by Headline
Dublin-based Fonoa raised €94.4M ($110M) in a Series C led by Headline.
Round at a Glance
| Company | Fonoa |
| HQ | Dublin, Ireland |
| Amount | €94.4M |
| Round | Series C |
| Date | May 28, 2026 |
| Valuation | Not disclosed |
| Total Disclosed Funding | Not disclosed |
Company Snapshot
Fonoa is an Ireland-based indirect tax compliance company. According to the company's public materials, the product helps global businesses managing indirect tax with automating tax determination, tax ID validation, e-invoicing, and returns submission across more than 190 jurisdictions.
Investors in This Round
| Investor | Investor HQ Country | Notes |
|---|---|---|
| Headline | United States | Lead |
| Eurazeo | France | Participant |
| Forestay Capital | Switzerland | Participant |
| Index Ventures | United Kingdom | Returning investor |
| OMERS | Canada | Returning investor |
| Coatue | United States | Returning investor |
| Dawn Capital | United Kingdom | Returning investor |
Known Cap Table
| Investor | Round(s) | Investor HQ Country |
|---|---|---|
| Headline | Series C | United States |
| Eurazeo | Series C | France |
| Forestay Capital | Series C | Switzerland |
| Index Ventures | Series C | United Kingdom |
| OMERS | Series C | Canada |
| Coatue | Series C | United States |
| Dawn Capital | Series C | United Kingdom |
Total disclosed funding: €94.4M across 1 round.
Sources
- https://www.eu-startups.com/2026/05/dublins-ai-taxtech-startup-fonoa-raises-e94-4-million-series-c-and-buys-pwcs-tax-platform/
- https://www.businesswire.com/news/home/20260519379233/en/Fonoa-Acquires-PwCs-Tax-Platform-and-Raises-$110M-to-Build-Category-Defining-AI-Tax-System
- https://finance.yahoo.com/sectors/technology/articles/fonoa-acquires-pwc-tax-platform-090902597.html