Dublin-Headquartered Fonoa Raises $25M From Backers
11/22/21, 4:47 PM
Location
dublin
Money raised
$25 million
Dublin-headquartered tax automation platform Fonoa has raised $25 million (€22 million) in a funding round led by Index Ventures, which has previously backed the likes of Revolut, Deliveroo and fellow Irish company Evervault
Company Info
Location
dublin, california, united states
Additional Info
The company currently supports tax automation transactions across 100 countries and aims to expand this to over 140 countries by the end of the year. Fonoa has developed an easy-to-use application protocol interface (API)-focused automation tax platform that solves calculation and reporting needs for companies such as Lime, Uber and Zoom. TaxesFonoa was founded by three Uber alumni – Davor Tremac, Filip Sturman, Ivan Ivankovic – who established the company after experiencing first hand just how difficult it is to correctly calculate and report taxes to authorities throughout the world.Though the company is headquartered in Dublin, Fonoa has what it calls a remote-first approach to business with a distributed team across 14 countries and plans to hire more staff across the US, Europe, Asia and Latin America in the coming months.