Canopy
PrivateLast Round
Series C
Apr 23, 2025
Total Funding Raised
$183M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Canopy is a business and productivity software company that provides an all-in-one practice management platform for accounting, tax, and bookkeeping firms.
Sector
Enterprise Software
Verticals
Accounting & Expense, Workflow Automation, Vertical SaaS, CRM, NLP & Conversational AI
Business Model
B2B
Customer Profile
Subscription SaaS, Payment Processing Fee
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Canopy Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Canopy Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Apr 23, 2025 | ||||
| Series B Extension | May 8, 2024 | ||||
| Series B Extension | Dec 8, 2021 | ||||
| Series A Extension | Jun 29, 2021 | ||||
| VC Round | Dec 4, 2019 | ||||
VC Round | Mar 27, 2018 |
Key People
Founding team and executive leadership
Canopy Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Wells Fargo Strategic Capital | VC Round |
| University Growth Fund | VC Round |
| Ten Coves Capital | Series C, Series B Extension |
| Pelion Venture Partners | Series B Extension, Series A Extension, VC Round, Series C, Series B |
| New Enterprise Associates (NEA) | Series B, Seed, Series A |
| Epic Capital Ventures | Series B |
| Tenaya Capital | Series B Extension, Series A Extension, VC Round, Series C |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 23, 2026
Launched Canopy Notetaker, an addition to its practice management platform.
- Feb 13, 2026
Launched AI-powered bookkeeping solutions.
Canopy Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Canopy's valuation, stock price, and market status.