Document Management

Canopy, which markets practice management applications, has raised $20 million in Series B financing. The latest round brings the total funding raised by the Lehi, Utah-based company to $30 million.

"This funding makes it possible for us to tackle some of tax professionals' biggest pain points, and for their clients to get the experience they're looking for when they turn to a professional for help with their taxes," CEO Kurt Avarell said in a prepared statement.

The latest round of funding was led with Pelion Venture Partners with participation from existing investors New Enterprise Associates (NEA), EPIC Ventures, and Deep Fork Capital.

The company provides free Internal Revenue Service transcripts. It also offers practice management features such as managing clients, files and workflow for $600 per user per year. Tax resolution software is available for $1,200 per user per year.

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