TLDR:
- Canopy, a provider of a firm-wide operating system for accountants, raised $35M in funding.
- The funding round was led by Ten Coves Capital and Ankona Capital.
Canopy, based in South Jordan, UT, raised $35M in funding from investors including Ten Coves Capital, Ankona Capital, Pelion Venture Partners, Tenaya Capital, and NewView Capital. The company plans to use the funds to expand operations and development efforts. Led by CEO Davis Bell, Canopy offers a firm-wide operating system that includes client engagement, document management, workflow, time & billing, engagements & proposals, and more. The products are used by over 3,000 accounting firms and are SOC2-certified and data-encrypted. Davis Bell stated that the funding is a testament to the company’s growth and vision of helping accounting firms adopt AI to better serve their clients.
