Yonda Tax, a British tax automation platform serving to companies keep compliant throughout borders, right this moment pronounces its first institutional funding spherical, bringing whole funding to €12 million ($15 million).
The spherical was led by Kennet Companions, with participation from NYO Capital and Portfolio Ventures. The funding will likely be used to boost platform options and performance, and to help its growth into new industries and tax jurisdictions.
Gareth Kobrin, co-founder of Yonda Tax, says: “We began Yonda after seeing founders do all the things proper, but nonetheless get tripped up by the nightmare of worldwide tax. So we constructed Yonda because the companion we want they’d all the time had, leveraging many years of accountancy experience to create a private, extremely correct know-how that takes tax off their plate to allow them to give attention to constructing.”
In 2025, EU-Startups reported a number of funding rounds within the tax, accounting and compliance-automation panorama that present context for Yonda Tax’s new institutional increase.
Spain’s TaxDown secured €4 million to broaden its AI-driven tax-return platform, whereas Germany noticed a number of early-stage developments: AnyTax raised €1 million to modernise embedded tax infrastructure; Steuerboard acquired €725k to automate workflows for tax advisers; and Integral lifted its whole funding to €12 million whereas increasing its accounting, payroll and tax-automation capabilities via acquisition. Munich-based Kabilio added an extra €4 million to develop its AI-enabled accounting and tax instruments.
Collectively, these rounds symbolize roughly €21.7 million in sector-adjacent funding, reflecting regular—although not inflated—curiosity in instruments that streamline tax and compliance features for SMEs and digital companies. Towards this backdrop, Yonda Tax’s €12 million increase stands out as one of many bigger 2025 allocations particularly targeted on cross-border indirect-tax automation, positioning the UK firm prominently inside Europe’s evolving tax-tech panorama.
“After years of bootstrapping, working with Kennet has been a pure match from the beginning and validates all of the exhausting work we’ve achieved. We’re extremely excited to have the ability to help much more of the world’s most promising younger firms,” provides Kobrin.
As companies scale past their residence markets, Yonda Tax explains that managing oblique taxes equivalent to VAT, GST, and Gross sales Tax turns into one in every of their most advanced and time-consuming operational challenges.
Each jurisdiction has its personal submitting necessities and deadlines, which frequently change with little discover. As well as, tax authorities worldwide are intensifying their scrutiny of cross-border compliance, which is why Yonda Tax automates international tax compliance, aiming to make sure companies stay absolutely compliant as they broaden throughout borders.
Based in 2022, Yonda Tax automates international tax compliance from registration to submitting and remittance so that companies can give attention to scaling. Combining over a decade of tax experience with automation, Yonda is trusted by over 350 purchasers worldwide.
Hillel Zidel, Managing Director of Kennet Companions says: “Yonda Tax is an exceptionally promising enterprise, combining a transparent market want with an skilled staff and a product that solves a posh international problem.
“Not like many rivals who take a ‘tech first’ strategy, Yonda positions itself as a ‘tax-first, tech-second’ firm, a real companion reasonably than a chilly SaaS product. That mixture breeds accuracy and belief that stands out on this house, and it’s why we’re proud to be their first institutional investor and to help their subsequent stage of world growth.”
Yonda Tax has grown over 100% YoY, and headcount has greater than doubled over the previous 12 months because it expands globally, highlighting sturdy market demand for correct, personalised tax help for development companies.
Round 60% of purchasers are primarily based within the US, with rising buyer bases within the UK, Australia, Canada, and Singapore. The platform serves a variety of purchasers, from eCommerce manufacturers promoting via Shopify and different platforms, to high-growth SaaS and AI firms.
Yonda Tax seems to distinguish itself via its subscription-based pricing mannequin. Not like many rivals who cost variable charges primarily based on transaction quantity or require annual contracts that scale with firm development, Yonda presents a set month-to-month price primarily based on the variety of areas a shopper recordsdata in.
