2024 Revenue
$23.9M(Est.)
Funding
$153M
Team
217
Founded
2014
Canopy Tax Revenue & Funding (2024)
Canopy creates tax and accounting software that simplifies your practice so you can help more clients.
Canopy's Practice Management lets you connect every element of your practice with features ranging from CRM to project management.
Our Tax Resolution lets you shave hours off every case with smart automation and instant calculations.
With our free Transcripts tool you can pull IRS transcripts in as little as 2 minutes.
With our Notices tool you can quickly get up to speed on specific IRS notice requirements and follow a detailed path to resolution.
Last updated
Canopy Tax Revenue
In 2024, Canopy Tax's revenue reached $23.9M. The company previously reported $11.1M in 2023. Since its launch in 2014, Canopy Tax has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Canopy Tax Hit $23.9m revenue in October 2024 | Estimated |
| 2023 | Canopy Tax Hit $11.1m revenue in October 2023 | Estimated |
| 2021 | Canopy Tax Hit $6.7m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Canopy Tax Valuation, Funding Rounds
Canopy Tax has not publicly disclosed its valuation. The company has raised $153M in total funding to date.
Canopy Tax has raised $153M in total funding across 10 rounds, most recently a $35M Venture Round round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Venture Round | $35M | - | - | |
| 2021 | Venture Round | $22M | - | - | |
| 2021 | Series C | $11M | - | - | |
| 2019 | Debt Financing | $5M | - | - | |
| 2019 | Venture Round | $8M | - | - | |
| 2018 | Series B | $12M | - | - | |
| 2018 | Venture Round | $30M | - | - | |
| 2017 | Series B | $20M | - | - | |
| 2015 | Series A | $8M | - | - | |
| 2014 | Seed Round | $2M | - | - |
Founder / CEO
Davis Bell
CEO
Joining Canopy in 2019, Davis has held critical leadership roles in strategy, operations, and finance. He specializes in creating and managing new products and businesses from scratch to scale.
Q&A
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Customers
We do not have customer count information for Canopy Tax yet.
Canopy Tax Employees & Team Size
Canopy Tax employs approximately 217 people as of 2026, up from 187 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 217 employees (December 2024) | |
| 2024 | Reached 187 employees (October 2024) | |
| 2023 | Reached 187 employees (October 2023) | |
| 2022 | Reached 173 employees (October 2022) | |
| 2021 | Reached 136 employees (December 2021) | |
| 2021 | Reached 114 employees (April 2021) |
Frequently Asked Questions about Canopy Tax
What is Canopy Tax's revenue?
Canopy Tax generates an estimated $23.9M in annual revenue.
Who founded Canopy Tax?
Canopy Tax was founded by Davis Bell.
Who is the CEO of Canopy Tax?
The CEO of Canopy Tax is Davis Bell.
How much funding does Canopy Tax have?
Canopy Tax raised $153M across 10 rounds.
How many employees does Canopy Tax have?
Canopy Tax has 217 employees.
Where is Canopy Tax headquarters?
Canopy Tax is headquartered in Draper, Utah, United States.
Compare Canopy Tax to the industry
Canopy Tax operates across multiple industries. Browse revenue, funding, and growth data for Canopy Tax in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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