Each Tuesday, we reverse-engineer a real SaaS company's revenue, profit, CAC, funnels, and its top growth tactic.
Sign up to access all features
Sign up with GoogleSign up with LinkedInAlready have an account? Log in
GetLatka is trusted by 200k+ founders, researchers, and marketers.
No contracts, cancel at any time
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
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.
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 |
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.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Canopy Tax yet.
Canopy Tax employs approximately 217 people as of 2026, up from 187 in 2023.
Canopy Tax generates an estimated $23.9M in annual revenue.
Canopy Tax was founded by Davis Bell.
The CEO of Canopy Tax is Davis Bell.
Canopy Tax raised $153M across 10 rounds.
Canopy Tax has 217 employees.
Canopy Tax is headquartered in Draper, Utah, United States.
Canopy Tax operates across multiple industries. Browse revenue, funding, and growth data for Canopy Tax in each sector below.
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.
Claim this profile
Developer of a business software intended to provide security for trade and communications data in...
Provider of Omnichannel AI-powered solutions designed to help solve customers' needs in the...
ITFS is a dynamically developing consulting company operating on the IT/ICT market.
Developer of data management platform designed to effectively maintain data and workflow for better...
2024 Revenue
$23.9M(Est.)
Funding
$153M
Team
217
Founded
2014
| 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 |
| - |
| - |
| 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 | - | - |
| 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) |
If you're the CEO and would like to join the podcast, please DM Nathan Latka on LinkedIn.
