Wells Fargo Strategic Capital has contributed to a $30m round for the tax and accountancy software platform, doubling its total funding.
Canopy, a US-based developer of business management software for tax and accounting practices, has completed a $30m financing round featuring Wells Fargo Strategic Capital, a subsidiary of bank Wells Fargo.
New Enterprise Associates (NEA) led the round, which included fellow venture capital firms Epic Ventures and Pelion Ventures as well as growth equity fund University Growth Fund. It increased the company’s overall funding to $60m.
Founded in 2014, Canopy has created a cloud-based platform that helps accountants and tax experts…
