About Canopy
Canopy is a company based in London (United Kingdom) founded in 2015 by Rakesh Murria and Mohammad Tahir Farooqui. It operates as a SaaS (Software-as-a-Service), Professional Services, and PropTech. Canopy has raised $12.38 million across 4 funding rounds from investors including Experian, West Hill Capital and Vision Blue Ireland. The company has 38 employees. Canopy has completed 1 acquisition, including The Lettings Hub. Canopy offers products and services including RentPassport, Referencing Services, and Moving Services. Canopy operates in a competitive market with competitors including Flatfair, CreditLadder, Reposit, Fronted and Zero Deposit, among others.
- Headquarter London, United Kingdom
- Employees 38
- Founders Rakesh Murria, Mohammad Tahir Farooqui
- Stage Minicorn
- SectorsFinancial ServicesReal Estate & Construction
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website canopy.rent/index.html
- Social LinkedIn X Facebook Instagram
- Legal Name Insurestreet Limited
- Total Equity Funding$12.38M (USD)
in 4 rounds
- Latest Funding Round$2.48M (USD), Seed
Jun 2020
- InvestorsExperian
& 2 more
- Employee Count38
- Investments & Acquisitions
Products & Services of Canopy
Canopy offers a comprehensive portfolio of products and services, including RentPassport, Referencing Services, and Moving Services.
A tool for renters to prepare rental applications efficiently.
Fast referencing solutions are provided for agents and landlords.
Seamless moving services are offered to assist renters.
Funding Insights of Canopy
Canopy has successfully raised a total of $12.38M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.48 million completed in June 2020. 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 $12.38M
- Total Rounds 4
- Last Round Seed — $2.48M
- First Round $3.8M
(Apr 2017)
- Investors Count 3
All 4 funding rounds of Canopy 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 |
|---|---|---|---|---|---|
| Jun 2020 | $2.48M | Seed | $19M | West Hill Capital | – |
| Feb 2019 | $4.1M | Seed | $15.3M | West Hill Capital, Vision Blue Ireland | |
| Apr 2018 | $2M | Seed | $••••• | – | – |
| Apr 2017 | $3.8M | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2020 | $19M | •••••••• |
| Feb 2019 | $15.3M | •••••••• |
| Apr 2018 | $••••• | •••••••• |
| Apr 2017 | $••••• | •••••••• |
Full valuation and stage history of Canopy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $19M (Jun 2020). 3 investors in total: 3 institutional.
Investors in Canopy
Canopy has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Experian, West Hill Capital and Vision Blue Ireland.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage venture capital investments are provided by West Hill Capital. | – | westhillcapital.co.uk | London, United Kingdom | |
- | – | visionbluesolutions.co.uk | - | |
Experian is recognized as a leader in credit reporting and financial services. | 1980 | experian.com | Ireland |
Investor details for Canopy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Co-investor network
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People of Canopy
8 people are tracked at Canopy (4 in leadership, 4 in team); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
Rakesh Murria | Co-Founder & CMO | Leadership |
Mohammad Tahir Farooqui | Co-Founder & CEO | Leadership |
Christopher Hutchinson | Chief Executive Officer | Leadership |
Giacomo Poppi | Chief Product Officer | Leadership |
Vina Mistry | Marketing Lead | Team |
Katie Neale | Business Development Executive | Team |
Haleema Iqbal | Product Operations Manager | Team |
Gaurav Saini | UX Designer | Team |
Complete people profiles for Canopy
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- Professional contacts
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Investments & Acquisitions by Canopy
Canopy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Lettings Hub.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
SaaS-driven tenant referencing & insurance solution for tenants & landlords | lettingshub.co.uk | Peterborough, United Kingdom | 2016 | Feb 2025 | •••• |
Complete acquisition details for Canopy
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Canopy
5 dated milestones of Canopy across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Canopy is founded.
- Funding First funding round of $3.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.5M.
- Acquisition Acquires The Lettings Hub.
Competitors of Canopy
Canopy 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 Flatfair, CreditLadder, Reposit, Fronted and Zero Deposit, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flatfair.co.uk | 2016 | London, United Kingdom | $13.07M | 27 | A deposit-free rental platform is offered to tenants and landlords. | |
| creditladder.co.uk | 2016 | London, United Kingdom | $502,899 | 5 | SaaS-driven credit building platform | |
| reposit.co.uk | 2011 | London, United Kingdom | $1.17M | 16 | Alternative to tenancy deposits is provided via insurance-backed guarantee. | |
| fronted.rent | 2020 | London, United Kingdom | $2.74M | 8 | Offers deposit transfer service for UK tenants to avoid double payments when relocating. | |
| zerodeposit.com | 2016 | Stevenage, United Kingdom | – | 39 | Alternative security deposits are provided for rental properties. |
Detailed competitors of Canopy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Canopy
The website of Canopy (canopy.rent) receives about 210.8K visits a month and ranks #168,218 among all websites worldwide, #2,663 in Banking Credit and Lending.
- Monthly visits210.8K
▲ 25.7% vs previous month
- Unique visitors45.7K
per month
- Global rank#168,218
among all websites
- Category rank#2,663
Finance · Banking Credit and Lending
- Bounce rate40%
- Pages per visit7.8
- Average visit4 min 52 sec
- DevicesDesktop 25% · Mobile 75%
Websites whose visitors overlap most with Canopy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
clientportal.com | clientportal.com | 100% | – | #48,814 | – |
selectra.co.uk | selectra.co.uk | 72% | – | #1,850,198 | – |
smartmoneytools.co.uk | smartmoneytools.co.uk | 67% | – | #920,287 | – |
| endsleigh.co.uk | 66% | 12.2K | #2,041,473 | View details | |
hdconsultants.net | hdconsultants.net | 64% | – | #3,572,095 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Canopy
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Canopy
Complete news archive for Canopy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Canopy
10 companies that operate in the same segment as Canopy (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Canopy
Canopy was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Canopy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Mohammad Tahir Farooqui is the current CEO of Canopy. They have also founded this company.
Canopy is a funded company, having raised a total of $12.38M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3.8M, raised on Apr 2017.
Canopy has 38 employees.
Canopy, operated by InsureStreet Limited, is engaged in transforming the rental experience through innovative technology solutions. Services are provided to renters, agents, and landlords, including fast referencing tools and seamless moving support. The company operates within the PropTech sector, offering digital tools like RentPassport to enhance rental readiness. Regulated financial services are also facilitated through partnerships, ensuring compliance and trust in transactions.
Canopy's top competitors include CreditLadder, Flatfair and Reposit.
Canopy offers RentPassport, Referencing Services, and Moving Services.
Canopy has made 1 acquisition, including The Lettings Hub.
Canopy has 3 investors. Key investors include Experian, West Hill Capital, and Vision Blue Ireland.
The valuation of Canopy is $19M as of Jun 2020.
Canopy operates through Insurestreet Limited.