About Canopy
Canopy is a Technology company based in Indianapolis (United States) founded in 2013, and was acquired by Outreach in October 2021. Revenue analytics and tracking solutions are offered to businesses. Canopy has raised $2.1 million across 1 funding round from investors including Outreach, High Alpha and Elevate Ventures. Canopy offers products and services including Canopy Platform, Signals, Forecast, Coach, and Analyze. Its focus areas include FinTech, Finance & Accounting Tech, Financial Planning & Analysis and Financial Analytics. Its competitors include Infinx, AKASA and Plusgrade; 2 of its 3 listed competitors have raised funding.
Company details
Canopy was founded in 2013 and is headquartered in Indianapolis, United States. Revenue management solutions are provided by the company within the financial technology sector. Services include revenue analysis, budgeting and forecasting, financial planning and analysis, expense management, and KPI monitoring. An automated reporting platform is featured to deliver data access and insights for business operations.
Products & Services of Canopy
Canopy offers a comprehensive portfolio of products and services, including Canopy Platform, Signals, Forecast, Coach, and Analyze.
Platform for real-time data monitoring and revenue forecasting.
Tool for real-time awareness and custom goal tracking.
Streamlines sales forecasting and variance measurement.
Assists in sales coaching and performance improvement.
Provides trend analysis and performance reporting features.
Funding Insights of Canopy
Canopy has successfully raised a total of $2.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.1 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 $2.1M
- Total Rounds 1
- Last Round Seed — $2.1M
- First Round $2.1M
(Jun 2020)
- Investors Count 4
All 1 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 | $2.1M | Seed | – | High Alpha, Elevate Ventures |
5 investors in total: 5 institutional.
Investors in Canopy
Canopy has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Outreach, High Alpha and Elevate Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture firm that creates and funds B2B SaaS companies. | highalpha.com | |||
Early-stage investments are made in diverse sectors by the firm. | elevateventures.com | Indianapolis, United States | ||
| iuventures.com | ||||
Early-stage tech investments are made in US-based companies. | serviceprovidercapital.com | Golden, United States | ||
Sales execution platform provided to streamline strategies and engage customers. | 2014 | outreach.io | Seattle, United States |
Investor details for Canopy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Canopy
1 people are tracked at Canopy (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Mettler | Co-founder and CEO | Leadership |
Complete people profiles for Canopy
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Timeline of Canopy
3 dated milestones of Canopy across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Canopy is founded.
- Funding First funding round of $2.1M.
- Exit Acquired by Outreach.
Competitors of Canopy
Canopy has 3 listed competitors in our database, 2 of them funded. They include Infinx, AKASA and Plusgrade.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infinx.com | 2010 | San Francisco, United States | 6,350 | Revenue cycle management platform for healthcare is provided. | ||
| akasa.com | 2018 | San Francisco, United States | $80M | 46 | Revenue cycle automation platforms are provided for healthcare reimbursement. | |
| plusgrade.com | 2009 | New York, United States | $150.67M | SaaS revenue management solutions are offered to airlines for optimization. |
Detailed competitors of Canopy
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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
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Frequently Asked Questions about Canopy
Canopy was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Canopy is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Canopy is a funded company, having raised a total of $2.1M across 1 funding round to date. The company's 1st funding round was a Seed of $2.1M, raised on Jun 2020.
Canopy was founded in 2013 and is headquartered in Indianapolis, United States. Revenue management solutions are provided by the company within the financial technology sector. Services include revenue analysis, budgeting and forecasting, financial planning and analysis, expense management, and KPI monitoring. An automated reporting platform is featured to deliver data access and insights for business operations.
Canopy offers Canopy Platform, Signals, Forecast, Coach, and Analyze.
Canopy has 5 investors. Key investors include Outreach, High Alpha, Elevate Ventures, IU Ventures, and Service Provider Capital.
Yes. Canopy was acquired by Outreach in October 2021.