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About Canopy
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$252.5M
Headquarters
Eagle Mountain, Utah
Founded
2014
Overview
Canopy provides cloud-based practice management software for CPAs and tax professionals. The platform includes tools for document management, client communication, and automation, all accessible via mobile apps. It uses AI features to streamline workflows and enable remote work, and is sold on a subscription model with multiple pricing tiers and optional premium services. Canopy targets small to mid-sized accounting firms seeking to optimize operations and strengthen client relationships. The key differentiators are its industry-focused design for accounting firms, integrated suite of tools (including AI capabilities) in a single cloud platform, and flexible pricing aligned to feature access and user count. The company’s goal is to help firms run more efficiently and deliver better service to clients.
Simplify's Take
What believers are saying
- Viking Global led $70M Series C funding accelerates AI enhancements and acquisitions.
- Canopy Bookkeeping launched February 11, 2026, enables real-time ledger visibility.
- Canopy University certification boosts user adoption since May 7, 2025 launch.
What critics are saying
- Karbon erodes market share with superior automation in 12-24 months.
- Practice Ignition undercuts modular pricing, forcing switches in 6-12 months.
- Intuit ProConnect captures tax users with integrated AI in 18-36 months.
What makes Canopy unique
- Canopy Coworker executes multi-step workflows autonomously for accounting firms.
- Canopy Notetaker integrates AI meeting transcripts directly into client records.
- Canopy offers IRS transcript integration and tax resolution tools natively.
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Funding
Total Funding
$252.5M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Supplemental Benefits
Flexible Paid Time Off
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 0%Pelion Venture Partners invested in Canopy to disrupt the $145 billion accounting software market dominated by outdated legacy providers. Canopy's cloud-based platform simplifies tax practice management with intuitive workflows and AI-powered features, enhancing efficiency for accounting professionals. A recent $70 million funding round led by Viking Global validates Canopy's growth, with Pelion excited about its future potential to revolutionize accounting firm operations.
Among the highlights of this week's newsletter are the fundraisings by NG.CASH, a fintech focused on teenagers and young adults that raised R$ 150 million, and by Canopy, which secured US$ 100 million to acquire software companies.
Canopy, a real-time payroll service, announced it has secured seed funding from Seoul National University Holdings. The investment amount is undisclosed. Previously, Canopy received pre-seed funding from Hanwha Hotels & Resorts. The investment reflects confidence in Canopy's payroll technology and financial service expansion. Canopy plans to enhance its technology and expand into domestic and international markets, including Southeast Asia, where financial accessibility is low.
May 7, 2025 - SALT LAKE CITY - Canopy, the leading practice management platform for accounting firms, today announced the launch of Canopy University, a new certification and training program designed to help customers use the Canopy platform with greater confidence and skill.
Canopy, a software provider focused on transforming accounting firm operations through artificial intelligence (AI), has raised $70m in a Series C funding round led by Viking Global Investors.
Canopy is Hiring for 11 Jobs on Simplify!
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About Canopy
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$252.5M
Headquarters
Eagle Mountain, Utah
Founded
2014
Canopy is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today