Yonda Tax, a global tax automation platform supporting businesses as they expand into international markets, has secured fresh investment to accelerate its growth.
The company, which helps firms manage indirect tax obligations across multiple jurisdictions, has raised new capital as it ramps up its presence worldwide, claims Financial IT.
The business has completed its first institutional funding round, bringing its total investment to $15m. The raise was led by Kennet Partners, with backing from NYO Capital and Portfolio Ventures.
Yonda Tax provides automated solutions that help companies navigate indirect taxes such as VAT, GST and sales tax, an area that becomes increasingly complex as organisations operate across borders. Each jurisdiction has its own filing rules and deadlines, and these can shift frequently. The firm’s platform automates these processes end-to-end, aiming to ensure businesses remain compliant amid growing scrutiny from tax authorities.
With demand rising, Yonda Tax plans to use the new funding to enhance its platform capabilities and expand into additional industries and tax jurisdictions. The company said the investment will support further product development and strengthen its global footprint.
The firm has recorded more than 100% year-on-year growth and has doubled its headcount in the past year, highlighting strong appetite for accurate and personalised tax automation.
Around 60% of its clients are based in the US, with customer numbers increasing in the UK, Australia, Canada and Singapore. Its customer base spans eCommerce retailers selling through Shopify and similar platforms, as well as fast-growing SaaS and AI businesses.
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 sets itself apart through a subscription-based model that charges a fixed monthly fee based on the number of regions clients file in. This provides predictable and transparent pricing, avoiding the variable transaction-linked fees often used by competitors.
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