Post by Forestay Capital

🚀 Big news: Forestay Capital is super excited to back Fonoa in its $110M Series C, alongside Headline, Eurazeo and existing investors Index Ventures, OMERS Ventures, Coatue Management and Dawn Capital! This round is a major step forward as Fonoa also acquires PwC’s Indirect Tax Edge. #Tax has been stuck for decades with a fragmented, legacy stack - spread across jurisdictions and heavily reliant on manual work. Fonoa is building the #AI Tax Operating System to change that, bringing the full indirect tax workflow into one modern, AI-powered platform. With the acquisition of Indirect Tax Edge from PwC, Fonoa is creating the first-ever system required for autonomous tax - real-time, global, and embedded into enterprise workflows. Huge congrats to Davor Tremac, Filip Sturman, and the entire Fonoa team! Excited for what’s ahead, and welcome to the Forestay Capital portfolio 🌍 CC: Deborah Pittet, Julien van den Rul, Varun Doshi