When was Fonoa founded?

Fonoa was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Fonoa located?

Fonoa is headquartered in Zagreb, Croatia.

How many employees does Fonoa have?

As of Sep 30, 2026, the latest employee count at Fonoa is 281.

Is Fonoa a funded company?

Fonoa is a funded company, having raised a total of $185M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 01, 2020.

When was the latest funding round of Fonoa?

Fonoa's latest funding was a $***** Series C round on May 29, 2026, with participation from 7 investors.

What is the annual revenue of Fonoa?

Annual revenue of Fonoa is between $1M and $10M as on Dec 31, 2022

Where does Fonoa rank among its competitors?

Fonoa ranks 7th amongst 423 active competitors, of which 22 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Fonoa, which secured $100M in May, 2026.

Who are the top competitors of Fonoa?

Fonoa's top competitors include Avalara, Vertex and Anrok. Among them, Fonoa secured the most recent funding round in May, 2026.

Fonoa - 2026 Company Profile, Team, Funding, Competitors & Financials

Fonoa is a series C company based in Zagreb (Croatia), founded in 2018. It operates as a Tax management and tax recovery solution for businesses. Fonoa has raised $185M in funding from investors like Index Ventures, Coatue and OMERS. The company has 423 active competitors, including 22 funded and 29 that have exited. Its top competitors include companies like Avalara, Vertex and Anrok.

Company Details

Tax management and tax recovery solution for businesses. It allows users to automatically determine and calculate a tax rate and amount to apply to the sales transactions. Its products are designed for digital platforms across food delivery, mobility, e-commerce, marketplaces, SaaS, and digital content.

Website: www.fonoa.com/
Social
Email ID: *****@fonoa.com

Key Metrics

Founded Year

2018

Location

Zagreb, Croatia

Stage

Series C

Total Funding

$185M in 4 rounds

Latest Funding Round

Series C, May 29, 2026, $*****

Investors

Index Ventures & 21 more

Ranked

7^th among 423 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2022

Employee Count

281 as on Sep 30, 2026

Similar Companies

Anrok & 251 more

View Fonoa's full profile

Fonoa is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FONOA CIN: 63433918405 , Croatia, Active	Aug 28, 2018	$1M - $10M (As on Dec 31, 2022)	-

Fonoa has raised a total funding of $185M over 4 rounds. Its first funding round was on Nov 01, 2020. Its latest funding round was a Series C round on May 29, 2026 for $*****. 7 investors participated in its latest round. Fonoa has 14 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Fonoa:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 29, 2026	4968508	Series C	5202789	3697608	6710672	1738353
Jul 21, 2022	5476164	Series B	9340394	2366791	8976390	FJ Labs & 5 more
Nov 22, 2021	4649007	Series A	6687914	9408543	OMERS & 1 more	FJ Labs & 6 more

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View details of Fonoa's funding rounds and investors

Fonoa's Board of Directors

Fonoa's board has 3 active members. Filip Šturman, Ivan Ivanković and Davor Tremac are part of team.

Here is the list of Fonoa's board of directors:

Name	Type	Representing	Status	Duration
Filip Šturman	Team	-	Current	6y 2m
Ivan Ivanković	Team	-	Current	6y 2m
Davor Tremac	Team	-	Current	6y 2m

Fonoa's employee count trend

Fonoa has 281 employees as of Sep 26. Here is Fonoa's employee count trend over the years:

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Top competitors of Fonoa include Avalara, Vertex and Anrok. Here is the list of Top 10 competitors of Fonoa, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avalara 2004, Seattle (United States), Acquired	Provider of cloud-based solutions for tax compliance and related services	$343M	Sageview Capital, Battery Ventures & 18 others	77/100
2nd	Vertex 1978, King Of Prussia (United States), Public	Provider of tax technology software and solutions for global businesses	-	HTIF, Marc Bell Capital	65/100
3rd	Anrok 2020, San Francisco (United States), Series C	AI-powered global sales tax and VAT compliance platform	$109M	Index Ventures, Sequoia Capital & 13 others	58/100
4th	Kintsugi 2022, San Francisco (United States), Series B	Cloud-based platform for sales tax management	$35M	Link Ventures, WestWave Capital & 9 others	56/100
5th	Zamp 2022, New York City (United States), Series B	Software-based platform for sales tax management solutions	$44M	Acrew Capital, Day One Ventures & 5 others	56/100
6th	Pie Systems 2017, Copenhagen (Denmark), Funding Raised	Platform to claim VAT refunds	-	Evolution VC Partners, DG Ventures & 2 others	55/100
7th	Fonoa 2018, Zagreb (Croatia), Series C	Tax management and tax recovery solution for businesses	$185M	Dawn Capital, Highfield Capital & 20 others	57/100
8th	Sovos Compliance 1979, Wilmington (United States), Acquired	Provider of cloud platform for automated tax and regulatory compliance	-	TA Associates, HgCapital Trust & 3 others	54/100
9th	TaxJar 2013, San Diego (United States), Acquired	Cloud-based tax calculations & compliance solutions for small businesses	$62.6M	Daher Capital, Rincon Venture Partners & 7 others	51/100
10th	VAT IT Reclaim 2000, Luxembourg (Luxembourg), Unfunded	Online tax management solutions for businesses	-	-	50/100