Fonoa, which helps enterprises manage indirect tax compliance, raised a $110M Series C led by Headline and acquired PwC's Indirect Tax Edge platform (Ryan Lawler/Axios)

Fonoa has successfully raised $110 million in Series C funding, led by Headline, and has acquired PwC's Indirect Tax Edge platform, enhancing its capabilities in managing indirect tax compliance for enterprises. This significant investment and acquisition are expected to bolster Fonoa's market position and expand its service offerings.

This development is crucial for Fonoa as it not only secures substantial financial backing but also integrates PwC's established platform, potentially increasing its customer base and improving its technological infrastructure in the competitive tax compliance sector.