London-based Yonda Tax lands €12 million to scale operations and extend coverage across new tax jurisdictions

Yonda Tax, a British tax automation platform helping businesses stay compliant across borders, today announces its first institutional funding round, bringing total investment to €12 million ($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.

Gareth Kobrin, co-founder of Yonda Tax, says: “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.”

In 2025, EU-Startups reported several funding rounds in the tax, accounting and compliance-automation landscape that provide context for Yonda Tax’s new institutional raise.

Spain’s TaxDown secured €4 million to expand its AI-driven tax-return platform, while Germany saw multiple early-stage developments: AnyTax raised €1 million to modernise embedded tax infrastructure; Steuerboard received €725k to automate workflows for tax advisers; and Integral lifted its total funding to €12 million while expanding its accounting, payroll and tax-automation capabilities through acquisition. Munich-based Kabilio added a further €4 million to develop its AI-enabled accounting and tax tools.

Together, these rounds represent roughly €21.7 million in sector-adjacent investment, reflecting steady—though not inflated—interest in tools that streamline tax and compliance functions for SMEs and digital businesses. Against this backdrop, Yonda Tax’s €12 million raise stands out as one of the larger 2025 allocations specifically focused on cross-border indirect-tax automation, positioning the UK company prominently within Europe’s evolving tax-tech landscape.

“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,” adds Kobrin.

As businesses scale beyond their home markets, Yonda Tax explains that 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, aiming to ensure businesses remain fully compliant as they expand across borders.

Founded in 2022, Yonda Tax automates global tax compliance from registration to filing and remittance so that businesses can focus on scaling. Combining over a decade of tax expertise with automation, Yonda is trusted by over 350 clients worldwide.

Hillel Zidel, Managing Director of Kennet Partners says: “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 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.

Yonda Tax looks to differentiate 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.

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