Yonda, a global tax automation platform helping businesses stay compliant across borders, has raised its first institutional funding round, bringing total investment to $15 million (£11.2m).

Led by Kennet Partners with participation from NYO Capital and Portfolio Ventures, the funding will be used to enhance the platform and accelerate expansion into new industries and tax jurisdictions.

As companies scale internationally and face increasingly complex VAT, GST, and Sales Tax rules, Yonda automates compliance from registration through filing and remittance, reducing risk and operational burden.

The London-based company has grown over 100% year-on-year, now serving more than 350 clients worldwide, including eCommerce, SaaS and AI businesses across the US, UK, Australia, Canada and Singapore.