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

London-based Yonda Tax, a tax automation platform, has secured €12 million in its first institutional funding round, led by Kennet Partners. This investment underscores the growing demand for solutions that simplify cross-border tax compliance. The funding will be used to enhance the platform's features and expand its reach into new industries and tax jurisdictions, helping businesses navigate the complexities of international tax regulations. Yonda Tax automates global tax compliance, from registration to filing and remittance, and is trusted by over 350 clients. The platform addresses the challenges businesses face as they scale internationally, including the complexities of VAT, GST, and Sales Tax. These challenges include varying filing requirements and deadlines across jurisdictions, which often change with little notice. This investment highlights the increasing importance of tax automation within the European tech landscape. The funding will enable Yonda Tax to support more businesses, helping them to focus on growth. The company’s focus on indirect taxes positions it within Europe’s evolving tax-tech market, which has seen substantial investment in 2025. The EU-Startups reported several other funding rounds in the tax, accounting, and compliance-automation space that provides context for Yonda Tax’s new institutional raise. These include investments in Spain, Germany, and Munich, showcasing the growing interest in tools that streamline tax and compliance functions for SMEs and digital businesses.