About Canopy Labs
Canopy Labs is a company based in Toronto (Canada) founded in 2012 was acquired by Drop in November 2018.. Canopy Labs has raised $2.06 million across 2 funding rounds from investors including Drop, BDC and Y Combinator. The company has 2 employees as of December 31, 2024. Canopy Labs offers products and services including Machine Learning Platform. Canopy Labs operates in a competitive market with competitors including Amplitude, Contentsquare, Phunware, LiveRamp and IgnitionOne, among others.
- Headquarter Toronto, Canada
- Employees 2 as on 31 Dec, 2024
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Canopy Labs
Canopy Labs offers a comprehensive portfolio of products and services, including Machine Learning Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 2
- Last Round Series A — $564,000
-
First Round
First Round
(12 Dec 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Series A - Canopy Labs | Valuation |
investors |
|
| Dec, 2012 | Amount | Seed - Canopy Labs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage startups are accelerated via funding and educational programs.
|
Founded Year | Domain | Location | |
|
Global investments in tech sectors are conducted by Valar Ventures.
|
Founded Year | Domain | Location | |
|
Commercial banking services for small and medium-sized enterprises are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Canopy Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Canopy Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canopy Labs Comparisons
Competitors of Canopy Labs
Canopy Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Amplitude, Contentsquare, Phunware, LiveRamp and IgnitionOne, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Amplitude is recognized as a leading digital analytics platform.
|
|
| domain | founded_year | HQ Location |
AI interfaced customer digital experience analytics software
|
|
| domain | founded_year | HQ Location |
Analytics and data management software for mobile marketing are provided.
|
|
| domain | founded_year | HQ Location |
Offline customer data is connected and activated for online advertising.
|
|
| domain | founded_year | HQ Location |
Digital marketing platform is offered for media optimization across channels.
|
|
| domain | founded_year | HQ Location |
Cloud-based platform for digital experience management and content marketing
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Canopy Labs
Frequently Asked Questions about Canopy Labs
When was Canopy Labs founded?
Canopy Labs was founded in 2012.
Where is Canopy Labs located?
Canopy Labs is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Canopy Labs a funded company?
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 12, 2012.
How many employees does Canopy Labs have?
As of Dec 31, 2024, the latest employee count at Canopy Labs is 2.
What does Canopy Labs do?
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.
Who are the top competitors of Canopy Labs?
Canopy Labs's top competitors include Amplitude, Contentsquare and LiveRamp.
What products or services does Canopy Labs offer?
Canopy Labs offers Machine Learning Platform.
Who are Canopy Labs's investors?
Canopy Labs has 4 investors. Key investors include Drop, BDC, Y Combinator, and Valar Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.