About Canopy Labs
Canopy Labs is a Technology company based in Toronto (Canada) founded in 2012, and was acquired by Drop in November 2018. Predictive customer analytics are delivered for mid-market sales teams. Canopy Labs has raised $2.06 million across 2 funding rounds from investors including Drop, BDC and Y Combinator. The company has 2 employees. Canopy Labs offers products and services including Machine Learning Platform. Its focus areas include Enterprise Applications, MarketingTech, Marketing Data Platforms and Customer Data Platforms.
Company details
Canopy Labs was founded in 2012 in Toronto, Canada, as a software company focused on customer analytics. Predictive solutions are offered to mid-sized businesses, providing real-time insights for outbound sales and marketing. These tools support lead generation, social referrals, and conversion improvements. Clients include WagJag, the Toronto Argonauts, and the Canadian Opera Company. Backing is provided by Y Combinator, BDC IT Ventures Fund, and Valar Ventures.
- Headquarters Toronto, Canada
- Employees 2
- Stage Acquired
- SectorsTechnology
- Website canopylabs.com
- Social LinkedIn X
- Acquired by Drop (Nov 2018)
Products & Services of Canopy Labs
Canopy Labs offers a comprehensive portfolio of products and services, including Machine Learning Platform.
Applies machine learning for customer success and loyalty solutions.
Funding Insights of Canopy Labs
Canopy Labs has successfully raised a total of $2.06M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $564 thousand completed in March 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.06M
- Total Rounds 2
- Last Round Series A — $564,000
- First Round $1.5M
(Dec 2012)
- Investors Count 3
All 2 funding rounds of Canopy Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2014 | $564,000 | Series A | – | – | – |
| Dec 2012 | $1.5M | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Canopy Labs
Canopy Labs has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Drop, BDC and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Global investments in tech sectors are conducted by Valar Ventures. | valar.com | New York, United States | ||
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada | |
Drop is operated as a rewards platform for shopping. | 2012 | joindrop.com | Toronto, Canada |
Investor details for Canopy Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Canopy Labs
4 dated milestones of Canopy Labs across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Canopy Labs is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A, of $564K.
- Exit Acquired by Drop.
Web traffic of Canopy Labs
The website of Canopy Labs (canopylabs.com) receives about 2K visits a month.
- Monthly visits2K
▲ 22.2% vs previous month
Websites whose visitors overlap most with Canopy Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| impactcanopy.com | 100% | 680.7K | #1,650,679 | View details | |
startupopenhouse.com | startupopenhouse.com | 95% | – | ||
| tenthousandcoffees.com | 95% | 27K | #893,913 | View details | |
t.yesware.com | t.yesware.com | 95% | – | ||
canopyplanet.org | canopyplanet.org | 76% | #924,919 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Canopy Labs
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- 10 similar websites
- Audience overlap
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Frequently Asked Questions about Canopy Labs
Canopy Labs was founded in 2012.
Canopy Labs is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Canopy Labs is a funded company, having raised a total of $2.06M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Dec 2012.
Canopy Labs has 2 employees.
Canopy Labs was founded in 2012 in Toronto, Canada, as a software company focused on customer analytics. Predictive solutions are offered to mid-sized businesses, providing real-time insights for outbound sales and marketing. These tools support lead generation, social referrals, and conversion improvements. Clients include WagJag, the Toronto Argonauts, and the Canadian Opera Company. Backing is provided by Y Combinator, BDC IT Ventures Fund, and Valar Ventures.
Canopy Labs offers Machine Learning Platform.
Canopy Labs has 4 investors. Key investors include Drop, BDC, Y Combinator, and Valar Ventures.
Yes. Canopy Labs was acquired by Drop in November 2018.