Yonda Tax, the global tax automation platform supporting businesses with cross-border compliance, has secured new institutional backing as it accelerates its mission to simplify international tax obligations for fast-growing companies.
The company has raised $15m in its latest funding round, which marks its first institutional investment, claims Financial IT.
The round was led by Kennet Partners, with additional participation from NYO Capital and Portfolio Ventures. The new capital brings Yonda Tax’s total investment to $15m.
Yonda Tax specialises in automating indirect tax compliance for companies expanding into new markets, navigating complex rules across VAT, GST and Sales Tax. Every jurisdiction carries its own filing deadlines, formats and reporting obligations, often with frequent changes. Yonda Tax’s platform seeks to remove this operational burden by managing the compliance process end-to-end, helping businesses avoid errors and stay ahead of evolving regulatory requirements as they scale internationally.
The fresh funding will be used to enhance the platform’s features and functionality, as well as support expansion into new industries and additional tax jurisdictions. The company said the investment will enable it to broaden its reach and continue supporting high-growth businesses with personalised, accurate tax automation.
Additional information shared by the company shows that it has grown more than 100% year-on-year, with its headcount more than doubling in the past 12 months. Around 60% of its client base is now in the US, with customer numbers rising across the UK, Australia, Canada and Singapore. Yonda Tax serves a diverse range of businesses including eCommerce sellers operating through Shopify, alongside SaaS and AI companies experiencing accelerated global expansion.
Yonda Tax co-founder Gareth Kobrin 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.”
Kennet Partners managing director Hillel Zidel 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.”
The company also highlighted its subscription-based pricing model, which charges a fixed monthly fee based on the number of filing regions rather than variable transaction-based pricing or annual volume-linked contracts. Yonda Tax said this transparency helps businesses plan costs predictably as they grow.
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