Canopy, a Salt Lake City, UT-based provider of a firm-wide operating system for accounting, raised $70M in Series C funding.
The round was led by Viking Global Investors with participation from existing investors Ten Coves Capital, Ankona Capital, Pelion Venture Partners, and Tenaya Capital.
The company intends to use the funds to further enhance the development of its platform, with a particular focus on AI to make medium and large accounting firms more efficient and profitable.
Led by CEO Davis Bell, Canopy provides a firm-wide operating system developing an integrated practice management solution that allows medium and large accounting firms to manage from proposal to payment, including client engagement, document management, workflow, time & billing, engagements and proposals, and more.
Used by over 4,000 accounting firms, its solutions are SOC2-certified and data-encrypted.
FinSMEs
30/04/2025