# Fonoa funding: rounds and investors > Fonoa has raised $170M across 2 rounds since 2022. Investors include Index Ventures, FJ Labs and Coatue. Every round with its source. Source: https://millionrounds.com/company/fonoa (Millionrounds; every figure on the page links to its filing or article) Ireland · [Series C startup](https://millionrounds.com/companies) # Who invested in *Fonoa* 2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Fintech Regtech Raised 5 months ago Follow Fonoa and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ffonoa) Funding summary Updated 5 Nov 2026 **$170M** raised across 2 rounds since 2022, from 2 sources **$60M** Series B **$110M** Series C - **Latest round:** Series C, $110M May 2026 - **Led by:** Headline - **Step-up i:** 1.8× - **Investors:** 10 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2023 2024 2025 2026 **$60M** Series B **$110M** Series C - **First round:** Series B, $60M - **Biggest round:** $110M - **Between rounds:** 3.9 years ## The rounds - **May 2026** Series C **$110M** *5 new* *4 returning* [Headline](https://millionrounds.com/fund/headline) Lead [Index Ventures](https://millionrounds.com/fund/index-ventures) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Coatue](https://millionrounds.com/fund/coatue-management) [Eurazeo](https://millionrounds.com/fund/eurazeo) [Karman Ventures](https://millionrounds.com/fund/karman-ventures) [Dawn Capital](https://millionrounds.com/fund/dawn-capital) [Forestay Capital](https://millionrounds.com/fund/forestay-capital-2) [Ontario Municipal Employees Retirement System](https://millionrounds.com/fund/omers) Reported by Ventureburn - **Jul 2022** Series B **$60M** *5 new* [Index Ventures](https://millionrounds.com/fund/index-ventures) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Coatue](https://millionrounds.com/fund/coatue-management) [Omers Ventures](https://millionrounds.com/fund/omers-ventures) [Dawn Capital](https://millionrounds.com/fund/dawn-capital) Source recorded ## Founders and team From Fonoa's own website: 4 on the team. - **Kirsten Best** Head of VAT - **One Jae Paik** Tax Director - **Renan Bastazini** Staff Technical Program Manager - **Wei Jie Siow** Tax Director at Coda ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2022 **Series C** 2026 [Index Ventures](https://millionrounds.com/fund/index-ventures) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Coatue](https://millionrounds.com/fund/coatue-management) [Dawn Capital](https://millionrounds.com/fund/dawn-capital) [Headline](https://millionrounds.com/fund/headline) L [Eurazeo](https://millionrounds.com/fund/eurazeo) [Karman Ventures](https://millionrounds.com/fund/karman-ventures) [Omers Ventures](https://millionrounds.com/fund/omers-ventures) [Forestay Capital](https://millionrounds.com/fund/forestay-capital-2) [Ontario Municipal Employees Retirement System](https://millionrounds.com/fund/omers) ## Everyone who backed them [Index Ventures](https://millionrounds.com/fund/index-ventures) VC firm **2** rounds [FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **2** rounds [Coatue](https://millionrounds.com/fund/coatue-management) VC firm **2** rounds [Dawn Capital](https://millionrounds.com/fund/dawn-capital) VC firm **2** rounds [Headline](https://millionrounds.com/fund/headline) VC firm **1** round, led 1 [Eurazeo](https://millionrounds.com/fund/eurazeo) Private equity **1** round [Karman Ventures](https://millionrounds.com/fund/karman-ventures) VC firm **1** round [Omers Ventures](https://millionrounds.com/fund/omers-ventures) VC firm **1** round [Forestay Capital](https://millionrounds.com/fund/forestay-capital-2) VC firm **1** round [Ontario Municipal Employees Retirement System](https://millionrounds.com/fund/omers) Institutional LP **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fonoa). ## Also claim to have backed them These 2 firms list Fonoa as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Feldsmith Capital](https://millionrounds.com/fund/feldsmith-capital) VC firm Per its own site [Stonewater Ventures](https://millionrounds.com/fund/stonewater-ventures) VC firm Per its own site ## Quick answers about Fonoa ### Who invested in Fonoa? Fonoa's investors include Index Ventures, FJ Labs, Coatue, Dawn Capital and Headline, and 5 more on record. Headline led its latest round. ### How much has Fonoa raised? Fonoa has raised $170M across 2 rounds since 2022. ### When did Fonoa last raise? Fonoa's most recent round was a Series C of $110M in May 2026, led by Headline. ### What was Fonoa's biggest round? Its most recent round, $110M in May 2026, is also its largest on record. ### Who backed Fonoa first? Fonoa's first round on record, in Jul 2022, was backed by Index Ventures, FJ Labs and Coatue and 2 others. ### What stage is Fonoa at? Fonoa's latest named round is a Series C, in May 2026. ### Where is Fonoa based? Fonoa is based in Ireland. ### Who led Fonoa's rounds? Headline led the Series C in 2026. ## Companies like Fonoa In the same sector, and raised in the last eighteen months. [**LearnUpon** $51M · Oct 2026](https://millionrounds.com/company/learnupon)[**Grass** $20M · Sept 2026](https://millionrounds.com/company/grass)[**Payemoji** Jul 2026](https://millionrounds.com/company/payemoji)[**CameraMatics** $114M · Jun 2026](https://millionrounds.com/company/cameramatics)[**Whyze Health** Jun 2026](https://millionrounds.com/company/whyze-health)[**Better Futures** $696K · May 2026](https://millionrounds.com/company/better-futures) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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