About Fonoa
Fonoa is a company based in Zagreb (Croatia) founded in 2018.. Fonoa has raised $85 million across 3 funding rounds from investors including FJ Labs, Dawn Capital and Coatue. Fonoa offers products and services including Lookup, Tax, Invoicing, E-invoicing, and Returns. Fonoa operates in a competitive market with competitors including Avalara, TAINA Technology, Exactera, Taxdoo and TaxJar, among others.
- Headquarter Zagreb, Croatia
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fonoa
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Annual Revenue
$1.24 M (USD)-5as on Dec 31, 2022
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Net Profit
$102.17 K (USD)-64as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$85 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series B
Jul 21, 2022
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Investors
FJ Labs
& 11 more
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Employee Count
Employee Count
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Products & Services of Fonoa
Fonoa offers a comprehensive portfolio of products and services, including Lookup, Tax, Invoicing, E-invoicing, and Returns. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instantly validates tax IDs in over 100 countries.
Determines accurate tax rates for transactions worldwide.
Issues locally compliant invoices for business needs.
Sends tax data to authorities in real time securely.
Automates filing of tax returns with governments.
Automates sharing of tax information for compliance.
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Leadership Team
15 people
Software Development Team
8 people
Sales and Marketing
8 people
Human Resources and Administration
7 people
Product Management Team
5 people
Operations Team
3 people
Legal and Compliance
2 people
Finance and Accounting
2 people
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Funding Insights of Fonoa
Fonoa has successfully raised a total of $85M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $60.0M
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First Round
First Round
(01 Nov 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series B - Fonoa | Valuation | Coatue | |
| Nov, 2021 | Amount | Series A - Fonoa | Valuation | OMERS , Index Ventures | |
| Nov, 2020 | Amount | Seed - Fonoa | Valuation | Index Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fonoa
Fonoa has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FJ Labs, Dawn Capital and Coatue. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage technology-driven companies are targeted for venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fonoa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fonoa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fonoa Comparisons
Competitors of Fonoa
Fonoa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Avalara, TAINA Technology, Exactera, Taxdoo and TaxJar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based tax compliance solutions are delivered for businesses worldwide.
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| domain | founded_year | HQ Location |
Compliance management platforms are provided for financial institutions' regulatory needs.
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Sales tax management is offered for online retailers.
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| domain | founded_year | HQ Location |
Cloud-based tax calculations & compliance solutions for small businesses
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| domain | founded_year | HQ Location |
Tax and compliance management solutions are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fonoa
Frequently Asked Questions about Fonoa
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.
Who is the current CEO of Fonoa?
Davor Tremac is the current CEO of Fonoa.
Is Fonoa a funded company?
Fonoa is a funded company, having raised a total of $85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Nov 01, 2020.
What is the annual revenue of Fonoa?
Annual revenue of Fonoa is $1.24M as on Dec 31, 2022.
What does Fonoa do?
Founded in 2018 and based in Zagreb, Croatia, Fonoa operates in the tax technology sector. Solutions for tax management and recovery are delivered to businesses on digital platforms, including food delivery, mobility, e-commerce, marketplaces, SaaS, and digital content. Tax obligations are determined and computed automatically for sales transactions, supporting compliance across global operations.
What products or services does Fonoa offer?
Fonoa offers Lookup, Tax, Invoicing, E-invoicing, and 2 more products and services.
Who are Fonoa's investors?
Fonoa has 12 investors. Key investors include FJ Labs, Dawn Capital, Coatue, OMERS Ventures, and Index Ventures.
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