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Canopy

The #1 Cloud-Based Practice Management Platform. Client Mgmt. Doc Mgmt. Time & Billing. Workflow.

Founded 2014 United States South Jordan, United States 308 employees Series C Total: $188.03M Analytics, Financial Services +2

General Information

Company Name Canopy
Founded Year 2014
Location United States South Jordan, United States
Employees 308
Industries Analytics, Financial Services, Payments +1
Funding Stage Series C
Social

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About Canopy

Canopy, founded in 2014, positions itself as the leading cloud-based practice management platform for accounting firms. Its slogan, "The #1 Cloud-Based Practice Management Platform.", encapsulates its comprehensive offerings, which include client management, document administration, time reporting, and workflow automation.

The platform is an all-in-one solution that centralizes operations, enhances client satisfaction, and promotes firm growth. Users, ranging from solo practitioners to multi-office teams, benefit by replacing up to 14 separate tools, reducing onboarding time by 50%, and achieving faster scaling with fewer resources. Renowned industry sources such as CPA Practice Advisor and G2 have endorsed Canopy's leadership in the field.

Located in the United States, Canopy recently secured a $35.00M Series C round in May 2024. This round included significant contributions from Pelion Venture Partners, Ankona Capital, Tenaya Capital, New View Capital, and Ten Coves Capital, empowering Canopy to continue its forward-thinking innovation in the accounting sector.

Business keywords: Cloud-Based Practice Management, Accounting Firm Software, Client Management, Document Management, Workflow Automation, Time & Billing, Client CRM, AI-Powered System, Tax Resolution, eSignatures, IRS Transcripts and Notices, Smart Client Intake, Engagement Management, Secure Client Portal, Real-Time Task Management

Services & Products

All-in-One Practice Management
AI-Enhanced Modules
Document Management
Time & Billing Solutions
Transcripts & Notices Management
Tax Resolution

Target Customers

CPAs Accounting Firms Large Firms Mid-Sized Firms Small Firms Private Equity-Backed Firms AI-Optimized Firms

Funding Rounds & Investors (12)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $35.00M 5
Pelion Venture Partners, Ankona Capital +3
08 May 2024
Series B $35.00M 5
Pelion Venture Partners, Ankona Capital +3
08 Dec 2021
Series A Undisclosed 1
Ankona Capital
05 Aug 2021
Series C $11.00M 4
Pelion Venture Partners, Ankona Capital +2
29 Jun 2021
Venture Round $22.03M -
29 Mar 2021
Debt Financing $5.00M -
04 Dec 2019
Venture Round $8.00M 3
Pelion Venture Partners, Tenaya Capital +1
04 Dec 2019
Series B $12.00M 3
New Enterprise Associates, Tenaya Capital +1
16 May 2018
Venture Round $30.00M 5
EPIC Ventures, New Enterprise Associates +3
27 Mar 2018
Series B $20.00M 5
EPIC Ventures, New Enterprise Associates +3
13 Mar 2017

View All 12 Funding Rounds

Canopy Alternatives & Competitors

View All Alternatives
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FAQ About Canopy

The #1 Cloud-Based Practice Management Platform. Client Mgmt. Doc Mgmt. Time & Billing. Workflow.
Canopy was founded in 2014.
Canopy is headquartered in South Jordan, United States.
Canopy operates in Analytics, Financial Services, Payments and CRM and Sales. Its work centres on Cloud-Based Practice Management, Accounting Firm Software, Client Management and Document Management. Its customers include CPAs, Accounting Firms and Large Firms.
Canopy has approximately 308 employees.
Canopy has completed 12 funding rounds, raising a total of $188.03M. The latest funding stage is Series C.
Canopy offers: All-in-One Practice Management, AI-Enhanced Modules, Document Management, Time & Billing Solutions, Transcripts & Notices Management, Tax Resolution.
Top alternatives and competitors to Canopy include CaseFox - Practice Management & Billing Software, LawGro, Suralink, RunSensible - Legal Practice Management Solution, AccountancyManager. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Canopy and CaseFox - Practice Management & Billing Software are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Canopy, https://bouncewatch.com/company/canopy-1, updated 7 April 2026. When citing, please name BounceWatch and link this page.

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