Fonoa Secures $110M Series C Funding to Accelerate AI-Powered Tax Platform

Deal Summary

Fonoa announced a $110 million Series C round led by Headline, with participation from Eurazeo, Forestay Capital, Index Ventures, OMERS, Coatue Management and Dawn Capital. The funding will be used to expand its AI-driven tax compliance platform and integrate the recently acquired Indirect Tax Edge from PwC.