The station opened in 1924 as part of the first metro line of the city, which ran between Catalunya and Lesseps stations. It retains some of its original decoration.
Fontana is one of the few stations in the city to be accessed via an above-ground ticket hall. This is the only access to the station, and is located on the Carrer Gran de Gràcia next to its junction with the Carrer d'Astúries. It has two tracks, with twin side platforms that are 92 metres (302 ft) long.