When was Canopy founded?

Canopy was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is Canopy located?

Canopy is headquartered in London, United Kingdom.

Who is the current CEO of Canopy?

Mohammad Tahir Farooqui of Canopy. They have also founded 1 company.

Which legal entities is Canopy associated with?

Canopy is associated with Insurestreet Limited.

How many employees does Canopy have?

As of Jun 30, 2026, the latest employee count at Canopy is 37.

Is Canopy a funded company?

Canopy is a funded company, having raised a total of $12.4M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 05, 2017.

How much is Canopy worth?

The latest valuation of Canopy is $***** as of Jun 26, 2020.

When was the latest funding round of Canopy?

Canopy's latest funding was a $***** Seed round on Jun 26, 2020, with participation from 1 investor.

Where does Canopy rank among its competitors?

Canopy ranks 3rd amongst 14 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Ripple, which secured $200M in May, 2026.

Who are the top competitors of Canopy?

Canopy's top competitors include Ripple, Form3 and CreditLadder. Among them, Ripple secured the most recent funding round in May, 2026.

Canopy - 2026 Company Profile, Team, Funding, Competitors & Financials

Canopy is a seed company based in London (United Kingdom), founded in 2015 by Mohammad Tahir Farooqui and Rakesh Murria. It operates as a Credit building tool and an alternative to tenancy deposits for renters. Canopy has raised $12.4M in funding from West Hill Capital and Vision Blue Ireland, with a current valuation of $*****. The company has 14 active competitors, including 7 funded and 1 that has exited. Its top competitors include companies like Ripple, Form3 and CreditLadder.

Company Details

Canopy is a credit building tool and an alternative to tenancy deposits for renters. Users have to create their rental profile on the platform that is shared with an agent or landlord. Allows the landlords and agents to screen renters based on their credit history and rental profile. The platform tracks the monthly rent payments of the users and helps them improve their credit report. The app allows users to pay and manage cash deposits. The app offers to pay the user's deposit in lieu of yearly premium payments. The app is available for iOS platform.

Website: www.canopy.rent/index.html
Social
Email ID: *****@canopy.rent
Phone Number: +44 **********

Key Metrics

Founded Year

2015

Location

London, United Kingdom

Stage

Seed

Total Funding

$12.4M in 4 rounds

Latest Funding Round

Seed, Jun 26, 2020, $*****

Post Money Valuation

$***** as on Jun 26, 2020

Investors

West Hill Capital & 20 more

Ranked

3^rd among 14 active competitors

Employee Count

37 as on Jun 30, 2026

Investment & Acquisitions

The Lettings Hub

Similar Companies

Ripple & 189 more

View Canopy's full profile

Canopy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Insurestreet Limited CIN: 10287920 , United Kingdom, Active	Jul 19, 2016	-	43 (As on Sep 30, 2024)

Canopy has raised a total funding of $12.4M over 4 rounds. Its first funding round was on Apr 05, 2017. Its latest funding round was a Seed round on Jun 26, 2020 for $*****. 1 investor participated in its latest round. Canopy has 6 institutional investors and 15 angel investors.

Here is the list of recent funding rounds of Canopy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 26, 2020	1742664	Seed	4303420	7873480	5452910	6545487
Feb 20, 2019	6939701	Seed	3875736	5691900	2550383	Experian
Apr 30, 2018	6269544	Seed	7087413	5266881	6647726	9690947

Access funding benchmarks and valuations. Sign up today!

View details of Canopy's funding rounds and investors

The founders of Canopy are Mohammad Tahir Farooqui and Rakesh Murria. Mohammad Tahir Farooqui is the CEO of Canopy.

Here are the details of Canopy's key team members:

Mohammad Tahir Farooqui: Co-Founder & CEO of Canopy. They serve on the board of 1 company.
Rakesh Murria: Co-Founder of Canopy. They are also an angel investor in 1 startup.

Canopy's Board of Directors

Canopy's board has 2 active members. Mohammad Tahir Farooqui is part of team and Neil William Carnaffan is independent board member.

Here is the list of Canopy's board of directors:

Name	Type	Representing	Status	Duration
Mohammad Tahir Farooqui	Team	-	Current	9y 10m
Neil William Carnaffan	Independent board member	-	Current	9y 2m
kppyhkp	Independent board member	-	Past	4y 4m

View details of Canopy's Founder profiles and Board Members

Canopy's employee count trend

Canopy has 37 employees as of Jun 26. Here is Canopy's employee count trend over the years:

Uncover Canopy's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Canopy include Ripple, Form3 and CreditLadder. Here is the list of Top 10 competitors of Canopy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ripple 2012, San Francisco (United States), Series D	Provider of blockchain and financial infrastructure solutions for cross-border payments and digital asset custody	$853M	China Growth Capital, Mouro Capital & 103 others	81/100
2nd	Form3 2016, London (United Kingdom), Series C	Provider of cloud-based merchant acquiring solutions for banks	$278M	Molten Ventures, 83NORTH & 31 others	67/100
3rd	Canopy 2015, London (United Kingdom), Seed	Credit building tool and an alternative to tenancy deposits for renters	$12.4M	Experian, Round Hill Capital & 19 others	58/100
4th	CreditLadder 2016, London (United Kingdom), Seed	SaaS-driven credit building platform	$503K	Gov, Anthonyquirk & 3 others	54/100
5th	Flatfair 2016, London (United Kingdom), Series A	Provider of a deposit-free rental platform for tenants and landlords	$13.1M	Index Ventures, Aria-investments.com & 8 others	47/100
6th	Reposit 2011, London (United Kingdom), Seed	Alternative to tenancy deposits	$1.17M	Seedcamp, London Co-Investment Fund & 5 others	39/100
7th	Fronted 2020, London (United Kingdom), Deadpooled	Provider of an online rental deposit management solution	$2.8M	Fasanara, Passion Capital & 5 others	37/100
8th	Marq Millions 2011, Manchester (United Kingdom), Acquired	Issuer processor solutions	-	-	30/100
9th	Monimove 2017, London (United Kingdom), Funding Raised	Supply chain finance management platform	-	GreenHouse Capital	27/100
10th	Zero Deposit 2016, Stevenage (United Kingdom), Seed	Rental property security solutions for landlords and tenants	-	Vanneck, KM Capital & 32 others	26/100