Tenaya Capital and Nyca Partners added $12m to a round already containing Wells Fargo Strategic Capital, taking Canopy's total funding to $72m.
Canopy, a US-based producer of tax office management software, increased a funding round featuring financial services firm Wells Fargo from $30m to $42m on Wednesday.
Tenaya Capital and Nyca Partners supplied the additional funding, adding to the first tranche, which was led by New Enterprise Associates (NEA) and backed by Wells Fargo unit Wells Fargo Strategic Capital, Epic Ventures, University Growth Fund and Pelion Ventures.
Canopy has built a software platform that allows tax and accounting practices to be…
