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 Aug 31, 2026, the latest employee count at Canopy is 35.

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. Its primary sector is Internet First Insurance Platforms. In United Kingdom, the Internet First Insurance Platforms sector has seen $703M in funding in 2026 to date.

Where does Canopy rank among its competitors?

Canopy ranks 1st amongst 6 active competitors, of which 5 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Fronted, which secured $1.34M in Nov, 2021.

Who are the top competitors of Canopy?

Canopy's top competitors include CreditLadder, Flatfair and Reposit. Among them, Fronted secured the most recent funding round in November, 2021.

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

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

1^st among 6 active competitors

Employee Count

35 as on Aug 31, 2026

Investment & Acquisitions

The Lettings Hub

Similar Companies

Esusu & 51 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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 26, 2020	1164678	Seed	7330248	4889414	9882823	8460665
Feb 20, 2019	2910550	Seed	4461753	1336745	3323187	Experian
Apr 30, 2018	3139480	Seed	2770689	7160553	3532646	8050590

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View details of Canopy's funding rounds and investors

The founders of Canopy is Mohammad Tahir Farooqui. 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.

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	10y 2m
Neil William Carnaffan	Independent board member	-	Current	9y 6m
joxpnpz	Independent board member	-	Past	7y 6m

View details of Canopy's Founder profiles and Board Members

Canopy's employee count trend

Canopy has 35 employees as of Aug 26. Here is Canopy's employee count trend over the years:

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Top competitors of Canopy include CreditLadder, Flatfair and Reposit. 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	Canopy 2015, London (United Kingdom), Seed	Credit building tool and an alternative to tenancy deposits for renters	$12.4M	Experian, West Hill Capital & 19 others	57/100
2nd	CreditLadder 2016, London (United Kingdom), Seed	SaaS-driven credit building platform	$503K	Gov, Anthonyquirk & 3 others	54/100
3rd	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
4th	Reposit 2011, London (United Kingdom), Seed	Alternative to tenancy deposits	$1.17M	Avonmore Developments, Seedcamp & 5 others	39/100
5th	Fronted 2020, London (United Kingdom), Deadpooled	Provider of an online rental deposit management solution	$2.8M	Fasanara, Passion Capital & 5 others	37/100
6th	Zero Deposit 2016, Stevenage (United Kingdom), Seed	Rental property security solutions for landlords and tenants	-	JamJar Investments, KM Capital & 32 others	26/100
7th	Rentqo 2026, London (United Kingdom), Unfunded	Provider of digital identity and rental workflow management software tools	-	-	17/100