Canopy Extends Latest Funding Round to $42 Million

Canopy, a cloud-based practice management platform for tax and accounting professionals, extended their latest funding round led by NEA, bringing the total round to $42 million. This additional funding was provided by Tenaya Capital and Nyca Partners.

Known for its free two-minute IRS Transcripts Tool, Canopy’s software is designed to cut out tax practice busywork, improve client experience, and provides the different tools a practitioner needs in one package.