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Canopy raises $8.5M in seed funding to support its mainnet launch and expand its engineering team, with investors including Arrington Capital and Fenbushi Capital.

PRIVATEJun 25, 20263 days ago

Amount Raised

$8.5 Million

Round Type

seed

Lehi

Investors

Snz CapitalBorderless CapitalFenbushi CapitalArrington Capital

Description

Canopy, an AI-native blockchain development framework, has raised $8.5M in seed funding to support its mainnet launch and expand its engineering team. The funding will also aid in the development of its AI-native tooling and developer experience. Key stakeholders include Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The acquisition of Tanssi technology is central to delivering on Canopy’s promise at scale.

Company Information

Company

Canopy

Location

Lehi, Utah, United States

About

Canopy provides cloud-based practice management software to thousands of accounting professionals nationwide. The modern, easy-to-use software cuts out accounting firm busywork, improves the client experience, and helps firms stay organized and operating efficiently. Committed to data security, Canopy’s solutions are SOC2 certified and data encrypted to ensure personal information is secure. Learn more at https://www.getcanopy.com/.

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