Canopy Raises $11M in Funding

Canopy, a Lehi, Utah-based cloud-based practice management platform for accounting professionals, raised $11m in funding.

The round includes new investor Ankona Capital as well as existing investors NewView Capital, Pelion Venture Partners and Tenaya Capital among others.

The company intends to use the funds to continue to build its cloud-first, mobile, modern practice suite.

Led by Davis Bell, CEO, Canopy provides cloud-based practice management software to thousands of accounting professionals nationwide. Committed to data security, its solutions are SOC2 certified and data encrypted to ensure personal information is secure.