2024 Revenue
$5.4M
Funding
$25M
YOY
26.5%
Team
140
Founded
2018
How Fonoa Technologies CEO Davor Tremac grew 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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Fonoa Technologies Hit $5.4m revenue in October 2024 | |
| 2023 | Fonoa Technologies Hit $4.3m revenue in October 2023 | |
| 2021 | Fonoa Technologies Hit $1.9m revenue in April 2021 | |
| 2018 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Funding round | $20.5M | - | - | |
| 2020 | Seed Round | $4.5M | - | - |
Founder / CEO
Davor Tremac
CEO
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Fonoa Technologies yet.
Fonoa Technologies Employees & Team Size
Fonoa Technologies employs approximately 140 people as of 2026, up from 118 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 140 employees (December 2024) |
| 2024 | Reached 118 employees (October 2024) |
| 2023 | Reached 118 employees (October 2023) |
| 2022 | Reached 157 employees (October 2022) |
| 2021 | Reached 64 employees (December 2021) |
| 2021 | Reached 49 employees (November 2021) |
| 2021 | Reached 23 employees (April 2021) |
Frequently Asked Questions about Fonoa Technologies
What is Fonoa Technologies's revenue?
Fonoa Technologies generates an estimated $5.4M in annual 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 across 2 rounds.
How many employees does Fonoa Technologies have?
Fonoa Technologies has 140 employees.
Where is Fonoa Technologies headquarters?
Fonoa Technologies is headquartered in Dublin, Ireland.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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