Canopy Taxrevenue & funding
Accounting Practice Management SoftwareDraper, UtahFounded 2014CEO Davis Bell
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.
Canopy Tax revenue
Canopy Tax has not published its revenue. GetLatka estimates it at about $23.9M a year (October 2024).
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $6.7M | – |
| Oct 2023 | $11.1MEST | GetLatka estimate |
| Oct 2024 | $23.9MEST | GetLatka estimate |
– source not recorded
Canopy Tax funding rounds & investors
Canopy Tax has raised $153M across ten rounds since 2014. The latest was a $35M funding round in December 2021.
| Date | Round | Raised |
|---|---|---|
| Dec 2021 | Venture | $35M |
| Mar 2021 | Venture | $22M |
| Mar 2021 | Series C | $11M |
| Dec 2019 | Debt Financing | $5M |
| Dec 2019 | Venture | $8M |
| May 2018 | Series B | $12M |
| Mar 2018 | Venture | $30M |
| Mar 2017 | Series B | $20M |
| Jun 2015 | Series A | $8M |
| Jul 2014 | Seed | $2M |
| Total raised | $153M |
Canopy Tax competitors
Canopy Tax competes most directly with KarbonKarbon HQ and Jetpack Workflow.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
 KarbonKarbon HQ | $109.4M | $91.8M | 166 | 2014 |
| Canopy Tax | $23.9M | $153M | 217 | 2014 |
 Jetpack Workflow | $818.1K | – | 9 | 2014 |
Canopy Tax CEO, founders & employees
Davis Bell founded Canopy Tax in 2014 and runs it as CEO. Canopy Tax had 217 employees (December 2024, LinkedIn), up from 187 a year earlier.
- Davis BellFounder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 217 | |
| Oct 2024 | 187 | |
| Oct 2023 | 187 | |
| Oct 2022 | 173 | |
| Dec 2021 | 136 | |
| Apr 2021 | 114 | – |
Canopy Tax FAQ
What is Canopy Tax's revenue?
GetLatka estimates Canopy Tax's revenue at about $23.9M a year (October 2024). The company hasn't published its own figure.
How much funding has Canopy Tax raised?
Canopy Tax has raised $153M across ten funding rounds. The latest was a $35M funding round in December 2021.
How many employees does Canopy Tax have?
Canopy Tax had 217 employees in December 2024, according to LinkedIn.
Who is the CEO of Canopy Tax?
Davis Bell is the CEO of Canopy Tax and founded the company in 2014.
Who founded Canopy Tax?
Davis Bell founded Canopy Tax in 2014.
Browse Accounting Practice Management Software
How this page is sourced
5 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Canopy Tax? Join the podcast