Diligence memo · auto-generated · as of July 2, 2026
Canopy Tax, Inc.
Canopy Tax, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Canopy Tax, Inc. operates in Business Services, based in South Jordan.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Canopy Tax, Inc. has raised $156M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $42M on 2018-03-16.
Most recent recorded round closed around 2025-04-10.
Valuation (modeled)modeled
Provath models Canopy Tax, Inc. at approximately $262M (range $144M–$358M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.47× the median modeled value of Series C Business Services companies in 2025–2027 (22 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 15 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Business Services peers (2439 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: INVESTWFG Ltd, Ballappart Ltd, Vyntor Global Group Ltd, Stockrich Ltd, Aimarket Ltd.
Peoplefiled
15 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.