Fundraising Fox
Canopy Tax
South Jordan, US · Founded 2014 · Delaware corporation · 315 employees on LinkedIn · 10 known investors
Find your way into Canopy Tax
Sign up to see every warm intro you have to Canopy Tax
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Canopy Tax team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Canopy is a cloud-native, all-in-one practice management platform for U.S. accounting, CPA, tax, and bookkeeping firms, combining client management, documents, billing, workflow, and communication in one login. It offers AI-enhanced modules and an AI agent that automates repetitive tasks, monitors firm activity, and executes workflows within the platform.
Founders & leadership
Canopy Tax was founded in 2014 by Kurt Avarell.
KA
Kurt AvarellFounderKurt Avarell is an executive and director at Canopy Tax, a cloud-native practice management platform for accounting and CPA firms.
Board
NM
Ned MayBoard director
JH
AS
CP
BC
Brain CroftsBoard director
Investors · 10
Ankona Capitallisted by Ankona CapitalSouthern California · $5M – $15M
How we know: press coverage · Not right? Tell us
Tenaya Capitallisted by Tenaya CapitalPalo Alto · $5M – $10M
How we know: Tenaya Capital's portfolio page · press coverage · Not right? Tell us
BenchmarkinferredSan Francisco · $100K – $15M
How we know: board seat on SEC Form D · Not right? Tell us
New Enterprise Associates (NEA)reportedMenlo Park · $200K – $40M
How we know: funding news · cpafirmtech.com · Not right? Tell us
NewView CapitalreportedBurlingamevia Ankit Sud · board
How we know: board seat on SEC Form D · press coverage · Not right? Tell us
Pelion Venture PartnersreportedSalt Lake City · $1M – $20M
How we know: cpafirmtech.com · funding news · Not right? Tell us
Ten Coves CapitalreportedDarien
How we know: press coverage · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$155.9M disclosed across 8 rounds · 2014–2025
▶$36.5MraisedApr 2025 · 10 investors · Business ServicesRule 506(b)
▶$36.5MraisedApr 2025 · 10 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Ned MayDirector
- Brain CroftsDirector
- Josh HarmsenDirector
- Davis BellExecutive Officer, Director
- Ankit SudDirector
- Offering amount
- $36.5M
- Amount sold
- $36.5M
- First sale
- Apr 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$20MraisedMay 2024 · 18 investors · Business ServicesRule 506(b)
▶$20MraisedMay 2024 · 18 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Steve LulaDirector
- Ankit SudDirector
- Chad PackardDirector
- Brian CroftsDirector
- Davis BellExecutive Officer, Director
- Joshua HarmsenDirector
- Ned MayDirector
- Offering amount
- $20M
- Amount sold
- $20M
- First sale
- Apr 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$22MraisedAug 2021 · 17 investors · Business ServicesRule 506(b)
▶$22MraisedAug 2021 · 17 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Ankit SudDirector
- Chad PackardDirector
- Stewart GollmerDirector
- Jordan RayExecutive Officer, Director
- Davis BellExecutive Officer, Director
- David YooDirector
- Brian CroftsDirector
- Offering amount
- $22M
- Amount sold
- $22M
- First sale
- Mar 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$8MraisedFeb 2020 · 11 investors · Business ServicesRule 506(b)
▶$8MraisedFeb 2020 · 11 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Davis BellExecutive Officer, Director
- David YooDirector
- Chad PackardDirector
- Jordan RayExecutive Officer, Director
- Ankit SudDirector
- Stewart GollmerDirector
- Offering amount
- $8M
- Amount sold
- $8M
- First sale
- Jan 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$41.7MraisedMay 2018 · 12 investors · Business ServicesRule 506(b)
▶$41.7MraisedMay 2018 · 12 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Rodney GilbertDirector
- Kurt AvarellExecutive Officer, Director, Promoter
- Stewart GollmerDirector
- Chad PackardDirector
- Chetan PuttaguntaDirector
- Offering amount
- $43.7M
- Amount sold
- $41.7M
- First sale
- Mar 2018
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$18.6MraisedMar 2017 · 7 investors · Business ServicesRule 506(b)
▶$18.6MraisedMar 2017 · 7 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Chetan PuttaguntaDirector
- Rodney GilbertDirector
- Chad PackardDirector
- Kurt AvarellExecutive Officer, Director, Promoter
- Offering amount
- $19.9M
- Amount sold
- $18.6M
- First sale
- Feb 2017
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$7MraisedJun 2015 · 2 investors · Business ServicesRule 506(b)
▶$7MraisedJun 2015 · 2 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Kurt AvarellExecutive Officer, Director, Promoter
- Chetan PuttaguntaDirector
- Offering amount
- $8M
- Amount sold
- $7M
- First sale
- Jun 2015
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$2MraisedJul 2014 · 5 investors · Business ServicesRule 506(b)
▶$2MraisedJul 2014 · 5 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Kurt AvarellExecutive Officer, Director, Promoter
- Offering amount
- $2M
- Amount sold
- $2M
- First sale
- Jul 2014
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 6
CanopyCanopy provides cloud-based, all-in-one practice management software for accounting firms, combining client management, CRM, document management, workflow, time and billing, engagements, and proposals with AI features. It serves accounting firms, with over 15,000 firms as customers.
CanopyCanopy provides a wealth management platform that consolidates, reconciles, and analyzes assets across all major classes and custodians for family offices and wealth managers. The platform connects 250+ custodians and delivers consolidated reporting, analytics, and portfolio management from a single source of truth.
Canopy ConnectCanopy Connect provides digital infrastructure for permissioned data sharing between consumers and businesses, enabling insurance agencies, carriers, lenders, and automotive businesses to deliver frictionless insurance and lending services.
Canopy CareCanopy operates an Intelligent Care Platform for oncology practices, using data-driven software to support continuous care for cancer patients and caregivers. Its tools help care teams improve patient outcomes and experience throughout the cancer journey.
CanopyCanopy manufactures filtered showerheads designed to reduce chlorine and contaminants from shower water for improved skin and hair health. The products include fixed and handheld showerhead options with tool-free installation and proprietary tri-media filtration technology.
Canopy Technology CorpCanopy provides an event-driven, immutable lending core that companies use as a system of record or integration layer to build and manage business lending products. It targets business lenders and fintechs launching personalized loan and financing offerings, operating in the fintech and lending infrastructure category.
Companies working in the same space as Canopy Tax.
Frequently asked questions
- What does Canopy Tax do?
- Canopy is a cloud-native, all-in-one practice management platform for U.S. accounting, CPA, tax, and bookkeeping firms, combining client management, documents, billing, workflow, and communication in one login. It offers AI-enhanced modules and an AI agent that automates repetitive tasks, monitors firm activity, and executes workflows within the platform.
- Who founded Canopy Tax?
- Canopy Tax was founded by Kurt Avarell in 2014.
- Who are Canopy Tax's investors?
- Canopy Tax's investors include Ankona Capital, Tenaya Capital, Benchmark, Deep Fork Capital, EPIC VENTURES, New Enterprise Associates (NEA), NewView Capital, Pelion Venture Partners and 2 more.
- How much funding has Canopy Tax raised?
- Canopy Tax has disclosed $155.9M raised across 8 rounds.
- Where is Canopy Tax headquartered?
- Canopy Tax is headquartered in South Jordan, US.