Canopy Secures $30 Million in New Funding

Canopy, a leading cloud-based practice management platform for tax and accounting professionals, announced a round of $30 million. The funding was led by New Enterprise Associates (NEA), with participation from Wells Fargo Strategic Capital, Pelion Ventures, University Growth Fund, and EPIC Ventures.

Canopy, founded in 2014, aims to empower tax practitioners to match the convenience of do-it-yourself tax options while still providing consumers with a professional advisor to help navigate the intricate tax code. Canopy has experienced exponential growth and provides a holistic suite of cloud-based solutions, including practice management and tax resolution, to more than 5,000 tax and accounting professionals.