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2024 Revenue

$5.4M

Funding

$25M

YOY

26.5%

Team

140

Founded

2018

How Fonoa Technologies CEO Davor Tremac grew Fonoa Technologies to $5.4M revenue with a 140 person team in 2024.

Fonoa is an API-first company that automates tax obligations of internet companies.

Last updated

Fonoa Technologies Revenue

In 2024, Fonoa Technologies's revenue reached $5.4M. The company previously reported $4.3M in 2023. Since its launch in 2018, Fonoa Technologies has shown consistent revenue growth.

Fonoa Technologies Revenue GrowthReported revenue / ARR by year$0$1M$3M$4M$5M$6M2018201920202021202220232024$0$2M$4M$5MSource: GetLatka.com
YearMilestone
2024Fonoa Technologies Hit $5.4m revenue in October 2024
2023Fonoa Technologies Hit $4.3m revenue in October 2023
2021Fonoa Technologies Hit $1.9m revenue in April 2021
2018Launched with $0 revenue

Fonoa Technologies Valuation, Funding Rounds

Fonoa Technologies has not publicly disclosed its valuation. The company has raised $25M in total funding to date.

Fonoa Technologies has raised $25M in total funding across 2 rounds, with its most recent round in 2021.

Fonoa Technologies Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$6M$12M$18M$24M$30M20182019202020212018 cumulative: $0 • 2018 Founded: $02020 cumulative: $5M • 2018 Founded: $0 • 2020 Seed Round: $5M2021 cumulative: $25M • 2018 Founded: $0 • 2020 Seed Round: $5M • 2021 Funding round: $21M$25M2018 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Funding round$20.5M--
2020Seed Round$4.5M--

Fonoa Technologies Employees & Team Size

Fonoa Technologies employs approximately 140 people as of 2026, up from 118 in 2023.

Fonoa Technologies has 140 total employees in different roles and functions.

Fonoa Technologies Team GrowthReported headcount over time04080120160200201820192020202120222023202400140140Source: GetLatka.com
YearMilestone
2024Reached 140 employees (December 2024)
2024Reached 118 employees (October 2024)
2023Reached 118 employees (October 2023)
2022Reached 157 employees (October 2022)
2021Reached 64 employees (December 2021)
2021Reached 49 employees (November 2021)
2021Reached 23 employees (April 2021)

Founder / CEO

Davor Tremac

Davor is the CEO of Fonoa. Prior to Fonoa, he was a GM at Uber Croatia where he encountered some of the problems Fonoa is solving today. He spent 10 years in management consulting with McKinsey working across Europe and South East Asia, and he founded a VC-backed startup, Gourmeo. Before switching his career into business, Davor was a mechanicalengineer and co-founded a student team in 2004 to build race cars for the international Formula Student competition in the UK.

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Customers

We do not have customer count information for Fonoa Technologies yet.

Frequently Asked Questions about Fonoa Technologies

What is Fonoa Technologies's revenue?

Fonoa Technologies generates $5.4M in revenue.

Who founded Fonoa Technologies?

Fonoa Technologies was founded by Davor Tremac.

Who is the CEO of Fonoa Technologies?

The CEO of Fonoa Technologies is Davor Tremac.

How much funding does Fonoa Technologies have?

Fonoa Technologies raised $25M.

How many employees does Fonoa Technologies have?

Fonoa Technologies has 140 employees.

Where is Fonoa Technologies headquarters?

Fonoa Technologies is headquartered in Dublin, Ireland.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Fonoa Technologies Revenue 2024: $5.4M ARR, $25M Raised