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 Mar 31, 2026, the latest employee count at Canopy is 304.

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 2nd amongst 80 active competitors, of which 10 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was WiseLayer, which secured $7.2M in Jan, 2025.

Who are the top competitors of Canopy?

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

Canopy - 2026 Company Profile, Team, Funding & Competitors

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

2^nd among 80 active competitors

Employee Count

304 as on Mar 31, 2026

Similar Companies

Karbon & 314 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	6205830	Series C	4899691	9398464	3901446	8923686
Apr 10, 2025	7206228	Series C	1584429	5964055	3455359	5859141
May 09, 2024	1145124	Series C	6474252	9913353	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. Stewart Gollmer, Kurt Avarell, Ned May, Josh Harmsen, David Yoo, Chetan Puttagunta, Davis Bell, Brian Crofts, Chad Packard, Ankit Sud, Jordan Ray, Rodney Gilbert, Brain Crofts, Joshua Harmsen and Steve Lula are independent board members.

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

Name	Type	Representing	Status	Duration
Stewart Gollmer	Independent board member	-	Current	7y 8m
eoeff{y	Independent board member	-	Current	4y 6m
y{qxlsq	Independent board member	-	Current	5y 7m
kkc{bir	Independent board member	-	Current	5y 7m
jjxkexa	Independent board member	-	Current	1y 9m
mkkmpms	Independent board member	-	Current	2y 6m
w{xssww	Independent board member	-	Current	6y 4m
nxfbkzw	Independent board member	-	Current	4y 4m
njq{dka	Independent board member	-	Current	8y 6m
lgqpbhk	Independent board member	-	Current	6y 3m
uewvbgl	Independent board member	-	Current	4y 4m
xbmdvda	Independent board member	-	Current	3y 9m
cwsdvht	Independent board member	-	Current	6y 9m
dieetqv	Independent board member	-	Current	3y 5m
ugtrkcn	Independent board member	-	Current	1y 7m

View details of Canopy's Founder profiles and Board Members

Canopy's employee count trend

Canopy has 304 employees as of Mar 26. Here is Canopy's employee count trend over the years:

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Top competitors of Canopy include FloQast, Trullion and SafeSend. 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	FloQast 2013, Los Angeles (United States), Series E	Cloud-based solution for automated account reconciliation	$292M	Meritech, Toba Capital & 13 others	62/100
2nd	Canopy 2014, Lehi (United States), Series C	Developer of practice management platform for accounting and tax firms	$292M	Angelneers, Viking Global Investors & 13 others	68/100
3rd	Trullion 2020, New York City (United States), Series A	AI-powered platform offering solutions for accountnats	$34M	Aleph, StepStone Group & 11 others	56/100
4th	SafeSend 2008, Ann Arbor (United States), Acquired	Tax automation solutions for accountants	-	Lead Edge Capital	55/100
5th	Suralink 2014, Salt Lake City (United States), Series A	Software-based workflow management platform for accounting firms	$6.29M	Kickstart Seed Fund, Growth Street Partners ... & 3 others	54/100
6th	WiseLayer 2022, New York City (United States), Acquired	AI-based offering workflow management solutions for accountants	$7.2M	Canaan, K5 Global & 2 others	54/100
7th	CPA 2001, New York City (United States), Unfunded	Provider of technology and resources for accounting firms	-	-	51/100
8th	Addictive Accounting 2021, Bend (United States), Unfunded	Accounting course software for students, professionals, and business owners	-	-	44/100
9th	IRS Solutions Software 2011, Santa Clarita (United States), Unfunded	IRS tax resolution software for professionals	-	-	44/100
10th	Lucasys 2018, Cumming (United States), Funding Raised	Accounting solutions for finance professionals	-	Digital Ignition	40/100