Global tax automation company Yonda Tax has secured £11 million in fresh funding to accelerate its mission of removing the operational burden of international tax compliance for scaling companies.
The platform helps businesses manage sales tax and VAT obligations worldwide, covering everything from registration and calculation to filing, remittance, and interaction with tax authorities.
Turning Global Tax Complexity Into A Managed Process
As companies expand internationally, they face a fragmented landscape of tax rules, reporting requirements, and filing deadlines that vary by jurisdiction and change frequently. At the same time, regulators are increasing scrutiny of cross-border activity.
Yonda Tax addresses this challenge by automating the full compliance lifecycle, allowing companies to operate globally without building internal tax teams or navigating local regulations on their own.
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Strong Growth Across Multiple Markets
The company has seen rapid traction, recording over 100% year-on-year growth and more than doubling its headcount in the past year. Roughly 60% of Yonda Tax’s customers are based in the US, with growing adoption across the UK, Australia, Canada, and Singapore.
Its customer base spans eCommerce brands, many operating on Shopify, alongside high-growth SaaS and AI companies expanding into multiple regions simultaneously.
Predictable Pricing For Scaling Teams
A key differentiator for Yonda is its fixed-fee subscription model. Instead of pricing based on transaction volume or renegotiated annual contracts, fees are determined by the number of jurisdictions a customer files in.
This approach gives finance teams cost certainty and avoids unexpected tax-related expenses as businesses scale into new markets.
Backed By Growth-Focused Investors
The funding round was led by Kennet Partners, with participation from NYO Capital and Portfolio Ventures.
Co-founder Gareth Kobrin explains that the idea for Yonda Tax emerged from seeing founders build strong companies, only to be slowed down by regulatory complexity they couldn’t easily control. The goal was to combine deep tax expertise with software that feels like a trusted partner rather than a transactional tool.
After years of bootstrapping, Kobrin says partnering with Kennet validates the company’s approach and opens the door to supporting a much broader set of international businesses.
A Tax-First Approach In A SaaS World
According to Hillel Zidel, Managing Director at Kennet Partners, Yonda stands apart by leading with tax expertise rather than pure software.
He notes that the company’s emphasis on accuracy, accountability, and trust makes it particularly well-suited to a domain where errors are costly and confidence matters more than speed alone.
What Comes Next
Yonda plans to use the new capital to expand product functionality, enter additional tax jurisdictions, and deepen its presence across more industries as global compliance requirements continue to intensify.
About Yonda
Yonda Tax provides fully managed global sales tax and VAT automation for SaaS, eCommerce, and technology businesses. By handling registration, calculation, filing, remittance, and communication with tax authorities, Yonda removes compliance friction and gives founders and finance teams the freedom to focus on growth rather than regulation.
