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Canopy is a comprehensive, cloud-based practice management software designed specifically for accounting and tax firms. It offers an all-in-one operating system that consolidates over 10 software…

Canopy is a comprehensive, cloud-based practice management software designed specifically for accounting and tax firms. It offers an all-in-one operating system that consolidates over 10 software…
What they do: All-in-one cloud practice management software for accounting and tax firms
Founded: 2014
Scale: Used by 15,000+ practitioners; employee count ~271
Funding: Reported total funding ~$258.03M; latest round Series C on 2025-04-23
Founder: Kurt Avarell
Practice management and tax resolution for accounting and tax firms
2014
Accounting software / Practice management SaaS
$2,000,000
Reported $2M seed in March 2014 (listed in Dealroom summary)
$2,900,000
Dealroom public summary lists an Early VC entry in Oct 2022 at $2.9M
$30,000,000
Company announced $30M financing in March 2018
$11,000,000
Company announced an $11M round with participation from NewView Capital, Pelion Venture Partners, and Tenaya Capital
Latest funding round reported as Series C on 2025-04-23
$35,000,000
Company disclosure of a $35M Series BB led by Ten Coves Capital
“Company has raised multiple institutional rounds with participation from investors including New Enterprise Associates (NEA), Wells Fargo Strategic Capital, Pelion Venture Partners, University Growth Fund, EPIC Ventures, NewView Capital, Tenaya Capital, Ankona Capital, and Ten Coves Capital.”
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