Canopy Raises $20 Million in Series B Round

LEHI, Utah – Canopy, the practice management platform for tax professionals, announced today that it has closed a $20 million Series B financing led by Pelion Venture Partners, with participation from existing investors New Enterprise Associates (NEA), EPIC Ventures, and Deep Fork Capital. This round brings Canopy’s total funding to $30 million to date. Canopy is a cloud-based platform built to make the notoriously painful tax filing process more efficient and transparent for both tax professionals and their clients.