About Canopy
Canopy is a company based in Indianapolis (United States) founded in 2013 was acquired by Outreach in October 2021.. 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. Canopy operates in a competitive market with competitors including Infinx, AKASA, Plusgrade, R1 RCM and RateGain, among others.
- Headquarter Indianapolis, United States
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of Canopy
Canopy offers a comprehensive portfolio of products and services, including Canopy Platform, Signals, Forecast, Coach, and Analyze. 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.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.1M
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First Round
First Round
(10 Jun 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Seed - Canopy | Valuation | High Alpha , Elevate Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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A venture firm that creates and funds B2B SaaS companies.
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Founded Year | Domain | Location | |
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Early-stage investments are made in diverse sectors by the firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Canopy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Canopy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canopy Comparisons
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 Infinx, AKASA, Plusgrade, R1 RCM and RateGain, 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 |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
SaaS revenue management solutions are offered to airlines for optimization.
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| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
SaaS solutions for hospitality revenue and operations management are delivered.
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| domain | founded_year | HQ Location |
AI-enabled inventory optimization and e-commerce solutions for airlines are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Canopy
When was Canopy founded?
Canopy was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Where is Canopy located?
Canopy is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Is Canopy a funded company?
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 10, 2020.
What does Canopy do?
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.
What products or services does Canopy offer?
Canopy offers Canopy Platform, Signals, Forecast, Coach, and Analyze.
Who are Canopy's investors?
Canopy has 5 investors. Key investors include Outreach, High Alpha, Elevate Ventures, IU Ventures, and Service Provider Capital.
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