Canopy, a Lehi, Utah-based practice management platform for tax professionals, closed a $20m Series B financing.
The round, which brought total funding to date to $30m, was led by Pelion Venture Partners, with participation from existing investors New Enterprise Associates (NEA), EPIC Ventures, and Deep Fork Capital.
The company is using the funds to continue to expand operations. It is hiring.
Led by Kurt Avarell, Founder and CEO, Canopy provides a cloud-based practice management and tax resolution software platform that aims to cut out tax practice work, improve the client’s experience, and bring all the different tools a practitioner needs under a single solution, including its free 2-Minute IRS Transcripts tool.