When was Canopy founded?

Canopy was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Canopy located?

Canopy is headquartered in Lehi, United States. It is registered at Lehi, Utah.

How many employees does Canopy have?

As of May 31, 2026, the latest employee count at Canopy is 311.

Is Canopy a funded company?

Canopy is a funded company, having raised a total of $292M across 14 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 23, 2014.

When was the latest funding round of Canopy?

Canopy's latest funding was a $***** Series C round on Apr 23, 2025, with participation from 5 investors.

Where does Canopy rank among its competitors?

Canopy ranks 1st amongst 90 active competitors, of which 13 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Canopy, which secured $70M in Apr, 2025.

Who are the top competitors of Canopy?

Canopy's top competitors include WiseLayer, Truewind and Trullion. Among them, Canopy secured the most recent funding round in April, 2025.

Canopy - 2026 Company Profile, Team, Funding & Competitors

Canopy is a series C company based in Lehi (United States), founded in 2014 by Kurt Avarell. It operates as a Developer of practice management platform for accounting and tax firms. Canopy has raised $292M in funding from investors like Tenaya Capital, New Enterprise Associates and Pelion Venture Partners. The company has 90 active competitors, including 13 funded and 7 that have exited. Its top competitors include companies like WiseLayer, Truewind and Trullion.

Company Details

Developer of practice management platform for accounting and tax firms. The platform offers client management, document handling, workflow automation, and billing functionalities. It aims to streamline operations and enhance client relationships. The platform provides tools for task management, client portals, and payment processing.

Website: www.getcanopy.com/
Social
Email ID: *****@canopytax.com
Phone Number: +1 **********
Registered Address: Lehi, Utah

Key Metrics

Founded Year

2014

Location

Lehi, United States

Stage

Series C

Total Funding

$292M in 14 rounds

Latest Funding Round

Series C, Apr 23, 2025, $*****

Investors

Tenaya Capital & 14 more

Ranked

1^st among 90 active competitors

Employee Count

311 as on May 31, 2026

Similar Companies

Visma & 337 more

View Canopy's full profile

Canopy is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CANOPY TAX, INC. CIN: 465164530 , United States, Active	Dec 26, 999	-	176 (As on Dec 31, 2024)	-
Canopy Tax, Inc CIN: 46-5164530 , United States, Active	Dec 31, 2013	-	104 (As on Dec 31, 2020)	-

Canopy has raised a total funding of $292M over 14 rounds. Its first funding round was on Jul 23, 2014. Its latest funding round was a Series C round on Apr 23, 2025 for $*****. 5 investors participated in its latest round. Canopy has 15 institutional 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
Apr 23, 2025	3765674	Series C	7510572	1191221	7235375	5885439
Apr 10, 2025	1781677	Series C	3774668	3449666	3116226	2533435
May 09, 2024	5037965	Series C	9758343	6924932	Ten Coves Capital & 1 more	Pelion Venture Partners & 2 more

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View details of Canopy's funding rounds and investors

The founders of Canopy is Kurt Avarell. Davis Bell is the CEO of Canopy.

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

Kurt Avarell: Former Founder of Canopy and founder of 2 other companies, beanstalkhq.com and Canopy. They serve on the board of 1 company.
Contact Info: 1 email address
Davis Bell: CEO of Canopy.
Contact Info: 1 email address

Canopy's Board of Directors

Canopy's board has 15 active members. Kurt Avarell, Ned May, David Yoo, Chetan Puttagunta, Brian Crofts, Davis Bell, Chad Packard, Stewart Gollmer, Ankit Sud, Jordan Ray, Rodney Gilbert, Brain Crofts, Steve Lula, Joshua Harmsen and Josh Harmsen are independent board members.

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

Name	Type	Representing	Status	Duration
Kurt Avarell	Independent board member	-	Current	11y 9m
qsfxgwc	Independent board member	-	Current	9y 5m
qgwoiln	Independent board member	-	Current	2y 4m
zfobytn	Independent board member	-	Current	1y 2m
sscljho	Independent board member	-	Current	8y 9m
xxgnqms	Independent board member	-	Current	6y 4m
immwvat	Independent board member	-	Current	9y 2m
ofcbtl{	Independent board member	-	Current	5y 9m
wlkcwix	Independent board member	-	Current	8y 9m
{miioxy	Independent board member	-	Current	3y 6m
kssvquy	Independent board member	-	Current	9y 6m
qzkygsq	Independent board member	-	Current	1y 7m
jgnubvw	Independent board member	-	Current	8y 1m
nor{drc	Independent board member	-	Current	6y 8m
wglgdtr	Independent board member	-	Current	4y 9m

View details of Canopy's Founder profiles and Board Members

Canopy's employee count trend

Canopy has 311 employees as of May 26. Here is Canopy's employee count trend over the years:

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Top competitors of Canopy include WiseLayer, Truewind and Trullion. 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 2014, Lehi (United States), Series C	Developer of practice management platform for accounting and tax firms	$292M	BYU Cougar Capital, Tenaya Capital & 13 others	68/100
2nd	WiseLayer 2022, New York City (United States), Acquired	AI-based offering workflow management solutions for accountants	$7.2M	Canaan, K5 Global & 2 others	60/100
3rd	Truewind 2022, San Francisco (United States), Series A	Provider of AI-powered platform automating financial document processing and reconciliation	$17M	Fin Capital, Thomson Reuters Ventures & 13 others	60/100
4th	Trullion 2020, New York City (United States), Series A	AI-powered platform offering solutions for accountnats	$34M	Aleph, StepStone Group & 11 others	56/100
5th	SafeSend 2008, Ann Arbor (United States), Acquired	Tax automation solutions for accountants	-	Lead Edge Capital	55/100
6th	Suralink 2014, Salt Lake City (United States), Series A	Provider of cloud-based platform for accounting firms to manage client requests	$6.29M	Kickstart Seed Fund, Growth Street Partners ... & 4 others	55/100
7th	LeaseAccelerator 2003, Reston (United States), Acquired	Provider of financial planning, accounting, and operational software and solutions	$42.1M	Insight Partners, eBridge Ventures & 2 others	52/100
8th	Zone & Company Software Consulting 2013, Boston (United States), Series C	Developer of NetSuite applications for automating financial and treasury operations	$76M	Insight Partners	52/100
9th	CPA 2001, New York City (United States), Unfunded	Provider of technology and resources for accounting firms	-	-	51/100
10th	Addictive Accounting 2021, Bend (United States), Unfunded	Accounting course software for students, professionals, and business owners	-	-	45/100