Fundz

Canopy Connect Raises $6.5M Series A Led By Nevcaut Ventures

PRIVATEOct 25, 2023

Amount Raised

$6.5 Million

Round Type

Series A

San FranciscoFinancial ServicesInsurance

Description

Canopy Connect, the leading platform for collecting, verifying, and monitoring insurance information, today announced it has closed a $6.5M Series A funding round. The new capital will allow the company to accelerate growth, increase product velocity, and build upon their success with the platform powering more than 3,500 companies across a broad range of verticals. Nevcaut Ventures led the round, with participation from Elefund, Nimble Partners, LocalGlobe, 9Yards Capital, Global FinTech Venture Partners, and more.

Quick answer

Canopy Connect raised $6.5 Million in a Series A round, dated October 25, 2023. Canopy Connect is based in San Francisco, California, United States.

How much did Canopy Connect raise?
Canopy Connect raised $6.5 Million in a Series A round on October 25, 2023.
What does Canopy Connect do?
Canopy Connect is building the infrastructure that powers best-in-class insurance experiences.
Where is Canopy Connect based and how big is it?
Canopy Connect is based in San Francisco, California, United States.
Who are the decision-makers at Canopy Connect?
Fundz holds 1 contact at Canopy Connect. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Insurance around the same time

Companies in the same sectors as Canopy Connect that raised within 45 days of this round, from Fundz verified event records.

  • Pacific Life raised $15M on November 30, 2023.
  • Pacific Life raised $8.5M on October 23, 2023.
  • Authentic raised $5M (Funding Round) on September 20, 2023.
  • Toetal Solutions raised $150K (Seed) on December 8, 2023.
  • Pontera raised $60M (Funding Round) on December 7, 2023.
  • KOHO raised $68M (Funding Round) on December 7, 2023.

Who to call at Canopy Connect, and when

A new round usually means Canopy Connect is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Canopy Connect raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Canopy Connect, from your own LinkedIn network

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Company Information

Company

Canopy Connect

Location

San Francisco, California, United States

About

Canopy Connect is building the infrastructure that powers best-in-class insurance experiences. We empower consumers to gain value and convenience from their own data, and we enable businesses to securely and quickly support their customers. No more long online forms or tedious back and forth over phone calls and emails to collect the insurance information you need from prospects. Our 1-click solution enables you to instantly receive Dec Pages and insurance information from your prospects. It's delightfully simple to use. You can embed Canopy Connect anywhere. Access the data via our dashboard or use our open API to populate insurance information directly into your rater, CRM, AMS or your own backend. We even have a Zapier app you can use to connect to tools you already use. If your business collects insurance information from prospects, let's talk!

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Fundz sees it the moment Canopy Connect raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Canopy Connect raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.