Funding of $35 million was secured by Canopy, a South Jordan, Utah-based company that offers an accounting firm-wide operating system.
Investors
- Ten Coves Capital
- Ankona Capital
- Pelion Venture Partners
- Tenaya Capital
- NewView Capital
Use of funds
The money will be used by the business to increase operations and development initiatives.
“This fresh round of funding is a testament to our rapid growth as well as a vote of confidence in our vision of helping accounting firms adopt AI to better serve their clients.”
Davis Bell
About Canopy
Canopy, led by CEO Davis Bell, offers a comprehensive practice management solution that encompasses client engagement, document management, workflow, time & billing, engagements & proposals, and more. It is an operating system for the entire company. Utilized by more than 3,000 accounting firms, its solutions provide data encryption and SOC2-certification.
