Canopy
Practice management for accounting firms from Utah: client engagement, documents, workflow, time and billing and tax resolution, with more than $230m raised including a $70m Series C in 2025.
| Founded | 2014, Lehi, Utah; now headquartered in Draper, Utah |
|---|---|
| Founders | Kurt Avarell (former Wall Street tax attorney); Davis Bell is CEO |
| Ownership | Private; more than US$230m raised across 14 rounds; Series C US$70m, April 2025 |
| Customers | More than 15,000 accounting firms |
| What it does | All-in-one practice management sold as three per-user plans: client management, documents, workflow, time and billing, plus its original tax resolution product |
| Recent moves | US$70m Series C in 2025; AI features across documents and client communication; modular repricing |
| Pricing | Standard US$74, Plus US$109 and Premium US$149 per user per month, billed annually; tax resolution US$50 per user per month |
| Markets | US |
| Peers | TaxDome, Karbon, Financial Cents, Aiwyn, Anchor |
Funding
- Announced rounds
- US$70m
- Round
- Series C, US$70m, April 2025, led by Viking Global Investors
Why it matters
Canopy is the most heavily funded of the firm practice management vendors, with more than $230 million raised, and it took another $70 million in 2025 to compete with TaxDome’s bootstrapped scale and Karbon’s mid-market push. Its per-user plans, from $74 to $149 a month, are what firms weigh against TaxDome and Karbon.
Part of Accountio’s accounting technology coverage.
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