About Canopy
Canopy is a Technology company based in Lehi (United States) founded in 2014. Practice management software is offered for accounting professionals. It operates on a SaaS (Software-as-a-Service) model. Canopy has raised $292.02 million across 14 funding rounds from investors including Wells Fargo, Ten Coves Capital and Ankona Capital. The company has 104 employees. Its chief executive, as recorded, is Davis Bell. Its website getcanopy.com draws about 124 thousand monthly visits. Canopy offers products and services including Practice Management Suite, Client Engagement, Tax Resolution, and Canopy AI. Its focus areas include Software and Accounting Software. Its legal entity is Canopy Tax, Inc. Its competitors include FloQast, SafeSend and Suralink; 2 of its 3 listed competitors have raised funding.
Company details
Canopy is established as a provider of all-in-one practice management software tailored for accounting and tax firms. Solutions are offered across various sectors including client engagement, document management, workflow optimization, and tax resolution. The platform is designed to integrate AI-driven tools, mobile app support, and client portals to streamline operations. Services are extended to private equity-backed and future-focused firms, emphasizing data-driven management and practice optimization. Communication and collaboration tools are also provided to enhance client and staff interactions.
- Headquarters Lehi, United States
- Employees 104
- SectorsTechnology
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website getcanopy.com
- Social LinkedIn X Facebook
- Legal Name Canopy Tax, Inc.
- Total Equity Funding$292.02M (USD)
in 14 rounds
- Latest Funding Round$70M (USD), Series C
Apr 2025
- InvestorsWells Fargo
& 11 more
- Employee Count104
Products & Services of Canopy
Canopy offers a comprehensive portfolio of products and services, including Practice Management Suite, Client Engagement, Tax Resolution, and Canopy AI.
Software is provided for accounting firm management needs.
Tools are offered for enhancing client relationship management.
Solutions are delivered for managing complex tax issues.
AI tools are integrated for automating routine tasks.
Funding Insights of Canopy
Canopy has successfully raised a total of $292.02M across 14 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in April 2025. 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 $292.02M
- Total Rounds 14
- Last Round Series C — $70M
- First Round $2M
(Jul 2014)
- Investors Count 12
Latest 10 of 14 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 |
|---|---|---|---|---|---|
| Apr 2025 | $70M | Series C | – | – | |
| Apr 2025 | $36.48M | Series E | – | – | – |
| May 2024 | $35M | Series C | – | Ten Coves Capital, Ankona Capital | |
| Dec 2021 | $35M | Series C | – | Ten Coves Capital | |
| Jun 2021 | $11M | Series C | – | NewView Capital, Tenaya Capital | |
| Mar 2021 | $16.55M | Series C | – | – | |
| Feb 2020 | $8M | Series C | – | – | – |
| Dec 2019 | $8M | Series C | – | NewView Capital, Pelion Venture Partners | – |
| Dec 2019 | $5M | Debt – Conventional | – | – | |
| May 2018 | $12M | Series C | – | Tenaya Capital |
12 investors in total: 12 institutional.
Investors in Canopy
Canopy has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Wells Fargo, Ten Coves Capital and Ankona Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintech startups are funded by this venture capital firm. | tencoves.com | Darien, United States | ||
Investments are made by Ankona Capital in early-stage software companies. | ankona.com | Newport Beach, United States | ||
US focused early-stage VC firm | pelionvp.com | Salt Lake City, United States | ||
Investment and partnership services for entrepreneurs in finance and growth support. | tenayacapital.com | |||
Venture capital investment firm | nvc.vc | Burlingame, United States | ||
Tech focused early stage VC firm investing in the US | nyca.com | New York, United States | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Private equity firm making growth equity investments in multiple sectors | ugrowthfund.com | Salt Lake City, United States | ||
Early-stage technology companies are funded by this venture capital firm. | epicvc.com | Salt Lake City, United States | ||
VC firm making investment in early stage tech companies globally | deepforkcapital.com | Menlo Park, United States |
Investor details for Canopy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Canopy
42 people are tracked at Canopy (12 in leadership, 30 in team); the tracked headcount is 104.
| Name | Role | Group |
|---|---|---|
Davis Bell | CEO | Leadership |
Patrick Nelson | Director of Demand Generation | Leadership |
Michael Salmon | Sales Director | Leadership |
Hanna Bjornn | VP of Product | Leadership |
Chad Saley, APR | Content Director | Leadership |
Nate Soffe | Head of Sales | Leadership |
Alison Fuller | Head of Finance | Leadership |
Jordan Ray | Chief Revenue Officer | Leadership |
Jake Astle | Director Of Quality Assurance And Tier 2 Customer Support | Leadership |
Heather Hurst | VP, Marketing | Leadership |
KC Brothers | Director Of Product Marketing | Leadership |
Vinny Halasz | Sales Director | Leadership |
Ashlyn Sallade | Account Development Manager | Team |
Armin Kadic | Enterprise Account Executive | Team |
Kassandra Rane | Product Manager | Team |
Jason Mitchell | Group Product Manager | Mobile Lead | Team |
Blakely Naylor | Associate Revenue Operations Analyst | Team |
Izabella Becker | Manager Of People Operations | Team |
Andrew Bui | Sales Development Representative | Team |
Joe Trujillo | Account Development Manager | Team |
22 more people are available in the full profile.
Complete people profiles for Canopy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
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Timeline of Canopy
3 dated milestones of Canopy across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Canopy is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series C, of $70.0M.
Competitors of Canopy
Canopy has 3 listed competitors in our database, 2 of them funded. They include FloQast, SafeSend and Suralink.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| floqast.com | 2013 | Los Angeles, United States | $291.85M | 518 | Automated account reconciliation is facilitated by a cloud-based platform. | |
| safesend.com | 2008 | Ann Arbor, United States | 156 | Tax automation solutions are provided for accountants' digital return delivery. | ||
| suralink.com | 2014 | Salt Lake, United States | $6.29M | 38 | Workflow management software is provided for accounting firms' document handling. |
Detailed competitors of Canopy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Canopy
The website of Canopy (getcanopy.com) receives about 124.2K visits a month and ranks #331,105 among all websites worldwide, #837 in Accounting and Auditing.
- Monthly visits124.2K
▼ 12% vs previous month
- Unique visitors57K
per month
- Global rank#331,105
among all websites
- Category rank#837
Finance · Accounting and Auditing
- Bounce rate52%
- Pages per visit1.7
- Average visit52 sec
- DevicesDesktop 56% · Mobile 44%
Websites whose visitors overlap most with Canopy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| financial-cents.com | 100% | #90,135 | View details | ||
| karbonhq.com | 97% | 874.9K | #62,880 | View details | |
| myfirm360.com | 95% | 137.1K | #310,475 | View details | |
| paro.ai | 92% | 55.7K | #813,807 | View details | |
| irssolutions.com | 86% | 9.2K | #2,109,466 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for Canopy
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 25 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Canopy (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Canopy
Complete news archive for Canopy
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Frequently Asked Questions about Canopy
Canopy was founded in 2014.
Canopy is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Davis Bell is the CEO of Canopy, as recorded in our data.
Canopy is a funded company, having raised a total of $292.02M across 14 funding rounds to date. The company's 1st funding round was a Series C of $12M, raised on Jul 2014.
Canopy has 104 employees.
Canopy is established as a provider of all-in-one practice management software tailored for accounting and tax firms. Solutions are offered across various sectors including client engagement, document management, workflow optimization, and tax resolution. The platform is designed to integrate AI-driven tools, mobile app support, and client portals to streamline operations. Services are extended to private equity-backed and future-focused firms, emphasizing data-driven management and practice optimization. Communication and collaboration tools are also provided to enhance client and staff interactions.
Canopy offers Practice Management Suite, Client Engagement, Tax Resolution, and Canopy AI.
Canopy has 12 investors. Key investors include Wells Fargo, Ten Coves Capital, Ankona Capital, Pelion Venture Partners, and Tenaya Capital.
Canopy operates through Canopy Tax, Inc..
The website of Canopy receives about 124 thousand visits a month and ranks #331,105 among all websites worldwide.