Yonda Tax raises $15m to accelerate compliance automation

By Vriti Gothi

Yonda Tax has secured $15 million in its first institutional funding round as the London-based company looks to scale its global tax automation platform and extend its reach into new markets and industries. The round was led by Kennet Partners, with participation from NYO Capital and Portfolio Ventures.

The company plans to use the capital to enhance its platform and expand coverage across additional tax jurisdictions. The rise comes as more businesses operate across borders and face increasingly complex indirect tax requirements, including VAT, GST, and sales tax. Regulatory expectations are tightening, with authorities frequently updating filing rules and ramping up scrutiny of cross-border activity. These shifts have elevated demand for automation tools that simplify compliance workloads and reduce the risk of errors.

Yonda Tax says it automates the end-to-end compliance process for scaling companies and has recorded more than 100% year-on-year growth. Its team size has doubled over the past year, and around 60% of its customers are based in the United States, with rising adoption in the UK, Australia, Canada, and Singapore. Clients range from eCommerce merchants to high-growth SaaS and AI firms expanding into multiple markets.

“We started Yonda after seeing founders do everything right, yet still get tripped up by the nightmare of international tax,” said Gareth Kobrin, Co-Founder of Yonda Tax. “We built Yonda as the partner we wish they’d always had so they can focus on building.” He added that Kennet Partners’ investment “validates all the hard work” following years of bootstrapping.

Hillel Zidel, Managing Director at Kennet Partners, said, “The firm invested because Yonda solves a complex global challenge and distinguishes itself through a ‘tax-first, tech-second’ approach that prioritises accuracy and trust.”

Yonda also positions its pricing model as a differentiator. Instead of charging fees that scale with transaction volume or growth, the company applies a fixed monthly subscription tied to the number of regions a client files in, aimed at improving cost predictability for cross-border businesses.