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Yonda Tax raises $15M to automate global tax compliance for scaling businesses

Thursday, December 11, 2025 — 16:49:02 (UTC)

Yonda Tax raises $15 million to automate global tax compliance for scaling businesses

Funding will be used to expand its global footprint to support businesses scaling beyond their home market

London, 11th December: Yonda Tax, the global tax automation platform helping businesses stay compliant across borders, today announces its first institutional funding round, bringing total investment to $15 million. The round was led by Kennet Partners, with participation from NYO Capital and Portfolio Ventures. The funding will be used to enhance platform features and functionality, and to support its expansion into new industries and tax jurisdictions.

As businesses scale beyond their home markets, managing indirect taxes such as VAT, GST, and Sales Tax becomes one of their most complex and time-consuming operational challenges. Every jurisdiction has its own filing requirements and deadlines, which often change with little notice. In addition, tax authorities worldwide are intensifying their scrutiny of cross-border compliance, which is why Yonda Tax automates global tax compliance from start to finish, ensuring businesses remain fully compliant as they expand across borders.

Yonda Tax has grown over 100% YoY, and headcount has more than doubled over the past 12 months as it expands globally, highlighting strong market demand for accurate, personalised tax support for growth businesses. Around 60% of clients are based in the US, with growing customer bases in the UK, Australia, Canada, and Singapore. The platform serves a wide range of clients, from eCommerce brands selling through Shopify and other platforms, to high-growth SaaS and AI companies.

Gareth Kobrin, Co-Founder of Yonda Tax, said: “We started Yonda after seeing founders do everything right, yet still get tripped up by the nightmare of international tax. So we built Yonda as the partner we wish they’d always had, leveraging decades of accountancy expertise to create a personal, highly accurate technology that takes tax off their plate so they can focus on building. After years of bootstrapping, working with Kennet has been a natural fit from the start and validates all the hard work we’ve achieved. We are incredibly excited to be able to support even more of the world’s most promising young companies.”

Hillel Zidel, Managing Director of Kennet Partners said: “Yonda Tax is an exceptionally promising business, combining a clear market need with an experienced team and a product that solves a complex global challenge. Unlike many competitors who take a “tech first” approach, Yonda positions itself as a “tax-first, tech-second” company, a genuine partner rather than a cold SaaS product. That combination breeds accuracy and trust that stands out in this space, and it’s why we are proud to be their first institutional investor and to support their next stage of global expansion.”

Yonda Tax also differentiates itself through its subscription-based pricing model. Unlike many competitors who charge variable fees based on transaction volume or require annual contracts that scale with company growth, Yonda offers a fixed monthly fee based on the number of regions a client files in. This approach provides businesses with predictable, transparent costs so they can focus on scaling their business.

ENDS

About Yonda Tax

Yonda Tax automates global tax compliance from registration to filing and remittance, so businesses can focus on scaling. Combining over a decade of tax expertise with best-in-class automation, Yonda is trusted by over 350 clients worldwide to handle indirect taxes accurately and efficiently. Learn more at www.yondatax.com

About Kennet Partners Kennet is a leading international growth equity firm that invests in high-growth companies in Europe and North America. The firm has approximately $1 billion of cumulative funds under management. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value.

Kennet Partners Limited is authorized and regulated in the United Kingdom by the Financial Conduct Authority. Learn more at www.kennet.com

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Source: Company press release.

Categories: Announcement