Canopy: Funding, Investors & Team (Oct 2026)
Canopy provides a Practice Management software for Accounting firms that is cloud-based. This software includes various features such as CRM, Client Portal, Document Management, eSignatures, Workflow, Time & Billing, Payments, Tax Resolution, and Transcripts and Notices.
Canopy has raised $140M across 3 funding rounds on record, the most recent a Series C of $70.0M announced in Apr 2025.
That round is above the $5.0M median round size for Administrative Services companies tracked on FundedIQ over the last two years.
Canopy Company Profile and Key Stats
Latest funding round on record: Apr 2025.
Canopy Funding Rounds
Canopy raised $35.0M in an undisclosed round announced in Dec 2021.
2.4 years later, a Series C of $35.0M was announced in May 2024.
11 months later, a Series C of $70.0M was announced in Apr 2025.
Canopy Founders and Leadership Team
Contact details for the Canopy team: 1 of 2 have an email address on file.
Start 14-day free trial →Canopy Funding Compared to Other Administrative Services Startups
Canopy's latest round of $70.0M is above the median round in Administrative Services. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Canopy in Administrative Services and Draper
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Canopy Funding FAQs
What does Canopy do?
Canopy provides a Practice Management software for Accounting firms that is cloud-based. This software includes various features such as CRM, Client Portal, Document Management, eSignatures, Workflow, Time & Billing, Payments, Tax Resolution, and Transcripts and Notices.
How much funding has Canopy raised?
Canopy has raised $140M across 3 rounds on record. The most recent is a Series C of $70.0M announced in Apr 2025.
When did Canopy last raise funding?
Canopy's most recent funding round on record is a Series C of $70.0M, announced in Apr 2025.
Who founded Canopy?
FundedIQ lists Doug Mclean (Founder) at Canopy.
Who is the CEO of Canopy?
Davis Bell is listed as CEO at Canopy.
Where is Canopy headquartered?
Canopy is based in Draper, Utah, United States.
How many employees does Canopy have?
Canopy is in the 101-250 employee band.
How does Canopy's funding compare to other Administrative Services startups?
Canopy's latest round of $70.0M is above the $5.0M median round size for Administrative Services companies on FundedIQ across 1,897 tracked companies over the last two years.
About FundedIQ's Canopy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Canopy is left off this page rather than filled in.
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