Canopy
Canopy provides cloud-based practice management software for accounting firms, featuring CRM, document management, workflow automation, and a client portal.
Secondary Market Price
Secondary Market Price
How Canopy Measures Up
To help you manage your Canopy equity, Prospect has run the company through our machine learning model.
Prospect Rating
TBD
We are currently gathering the necessary data to finalize our rating for Canopy. Check back soon to see our projection for the company's value four years from now.
Exit Risk
TBD
We are still gathering data on Canopy to train our machine learning model. Check back soon for our exit risk rating for Canopy!
Funding Stage
Series C
A Series C funding round means Canopy is a mature startup with a proven track record, offering more stability than earlier-stage companies. For you, this translates to a role with significant growth potential but less of the risk associated with a brand-new venture.
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Prospect Projected Future Canopy Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Canopy's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Canopy develops a cloud-based practice management platform for accounting firms. The software integrates functions like client intake, document management, workflow automation, billing, and CRM into a single system. Founded in 2014 in South Jordan, Utah, the company initially focused on tax resolution software before expanding into a broader practice management suite. Over its history, Canopy has raised a total of $96 million in funding and now serves thousands of firms, with some customers reporting the replacement of up to 14 separate software tools with its platform.
The company's recent activities indicate a strong focus on developing AI-powered features and fostering a user community. Recent announcements include the launch of Canopy Smart Intake, an AI tool designed to automate client data collection, and the creation of the Canopy Community, an online hub for customers to connect and share practices. The company also promotes educational content through webinars, podcasts, and virtual events like the upcoming Canopy Summit, which offers product reveals and continuing professional education credits for attendees.
- Viking Global
- Tenaya Capital
- Pelion
- Co-Founder, CEO Blake Miyake
- Co-Founder, CTO Brannon Dorsey
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Canopy worth joining?
Deciding whether to join a company like Canopy depends on your personal career goals and financial situation. Tools like Prospect can help you understand the potential value of your equity compensation by providing predictive models and tax optimization strategies.
What should I do with my Canopy stock?
Managing private company stock, such as shares in Canopy, involves making strategic decisions about when to exercise options, hold, or sell. Platforms like Prospect offer personalized strategies and predictive models to help you maximize the value of your equity and minimize your tax burden.
Can you sell Canopy stock?
Selling stock in a private company like Canopy is often possible through secondary markets or company-approved tender offers, though it's less straightforward than selling public stock. Resources like Prospect provide tools to help you navigate these sales, identify tax-optimal shares, and understand market pricing.
How can I find the value of my Canopy stock?
Determining the value of stock in a private company like Canopy can be challenging as it isn't publicly traded. You can use platforms like Prospect, which use proprietary data and predictive models to forecast your equity's future value and provide data on secondary market prices.
What is Canopy's equity worth?
The precise worth of Canopy's equity is not public information and fluctuates based on company performance and market conditions. To estimate its value, you can use specialized tools like Prospect, which offer machine learning models to project your stock's potential worth.
What is Canopy's stock ticker symbol?
As a private, pre-IPO company, Canopy does not have a stock ticker symbol because its shares are not traded on a public stock exchange. Ticker symbols are assigned to companies only when they become publicly listed.
Can I buy or sell Canopy stock?
Selling stock in a private company like Canopy is sometimes possible through secondary markets or tender offers, and platforms like Prospect can help guide these transactions. Buying stock is generally restricted to accredited investors or employees and is not typically open to the general public before an IPO.
What is the criteria to buy or invest in Canopy stock?
Investing in a private company like Canopy is typically restricted to accredited investors or employees receiving equity compensation. The specific criteria are set by the company and regulatory bodies, not by equity management platforms like Prospect.
