According to EU-Startups, London-based Yonda Tax has announced a €12 million ($15 million) funding round, its first from institutional investors. The round was led by Kennet Partners, with participation from NYO Capital and Portfolio Ventures. Founded in 2022, the platform automates global indirect tax compliance—like VAT and GST—from registration to filing for over 350 clients. Co-founder Gareth Kobrin stated the funding will enhance platform features and support expansion into new industries and jurisdictions. The company has grown over 100% year-over-year and more than doubled its headcount in the past 12 months. Around 60% of its clients are based in the United States.
The tax-tech landscape is heating up
Here’s the thing: Yonda’s raise isn’t happening in a vacuum. The source article notes a flurry of activity in 2025 across Europe. Spain’s TaxDown got €4 million, Germany’s AnyTax raised €1 million, and Integral has now pulled in a total of €12 million. All told, that’s roughly €21.7 million flowing into this niche recently. But Yonda’s €12 million chunk is one of the larger single rounds, specifically for the messy world of cross-border tax. It seems like investors are finally waking up to how brutal and manual this problem is for scaling businesses. Every new country you sell into isn’t just a new market—it’s a new set of constantly shifting tax rules and filing deadlines. Who has time for that?
Why Yonda’s approach stands out
The most interesting quote in the whole piece comes from the investor, Hillel Zidel. He says Yonda is “tax-first, tech-second.” That’s a direct shot across the bow of a lot of SaaS companies that build a slick interface first and figure out the complicated domain expertise later. For something as high-stakes as tax, where mistakes can mean massive penalties, that “partner” mentality might be a real differentiator. They’re not just selling software; they’re selling peace of mind backed by a decade of tax expertise. And their fixed-fee subscription model is another smart move. When your competitors charge by transaction volume, their product literally gets more expensive as you succeed. Yonda’s pitch is basically, “We’ll handle the complexity for a predictable cost, so you can grow without this headache scaling alongside you.” That’s compelling.
The broader trend and what’s next
So what does this all mean? It signals that tax and compliance automation is moving from a “nice-to-have” to a critical operational layer for any digital business with global ambitions. Tax authorities worldwide are getting more aggressive with scrutiny, and manual processes or basic tools just won’t cut it. For Yonda, the new capital means they can double down on their platform and spread into more jurisdictions. But they’re not alone. With players like Steuerboard and others also raising, the space is getting crowded. The winners will likely be those who can combine deep, accurate tax intelligence with a platform that doesn’t add to the operational burden it’s meant to solve. For any business selling online across borders, this competition is only good news—better tools are coming.
