# Canopy Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canopy-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.canopy.cloud
- Total disclosed funding: $18M
- Latest round: Series A (Apr 25, 2022)
- Investors on record: 14

## About

Canopy Pte. Ltd. is a Singapore-based company delivering advanced portfolio management software solutions tailored for wealth managers and family offices, facilitating streamlined asset management across various investment classes.Founded in 2013, Canopy Pte. Ltd. specializes in portfolio management software, serving the financial sector with a focus on wealth managers and family offices. The company is headquartered in Singapore and has expanded its operations into markets such as Switzerland. Tanmai Sharma, the founder and CEO, has a background in technology and entrepreneurship. Canopy successfully raised USD 2.97 mn in Series A funding on April 25, 2022, which has supported its growth initiatives. The total amount raised by the company stands at USD 2.97 mn, with a current company valuation of USD 29.21 mn.Canopy offers a comprehensive suite of portfolio management software designed for wealth managers and family offices, enabling streamlined management of diverse asset classes like private equity, real estate, and structured products. The platform consolidates data from various custodians into a unified interface, allowing users to conduct advanced analyses, generate customized reports, and derive actionable insights. Key products include Canopy Manager, for collective portfolio reviews and performance calculations, and Canopy Analytics, providing custom performance and risk analytics alongside cash flow calculations. The software caters to high-net-worth clients, including four of the top twenty wealthiest family offices as ranked by Bloomberg.In the most recent fiscal year, 2024, Canopy reported revenue of USD 1,610,712.50, with an EBITDA amounting to USD -1,737,318. The company's revenue is primarily generated through subscription models, giving clients access to its portfolio management and reporting tools, which include customized reporting and advanced analytics capabilities. Canopy's clientele comprises wealth managers and family offices, emphasizing the software's role in enhancing client engagement and enabling comprehensive financial oversight.Canopy Pte. Ltd. aims to develop and launch new products tailored to enhance its portfolio management capabilities in the coming year. Furthermore, the company intends to expand into additional markets, focusing on Europe and North America by 2025. The recent Series A funding of USD 2.97 mn will be utilized to support these initiatives, facilitating product development and market entry efforts, thereby reinforcing Canopy's position in the wealth management software sector.

## Funding rounds

- Series A, Apr 25, 2022, $3M — Xincheng Investment, Pureland Global Venture, Pioneer Generation Management
- Series A, Sep 18, 2020, $1.6M — Integra Partners, SEEDS Capital, Franklin Capital Group
- Series A, Nov 5, 2018, $9.9M — SEED Capital, Credit Suisse, LionRock Capital, Integra Partners, Evergrow Inc., BC Capital, Blowfish Ventures Limited, Cayson Global
- Series A, Dec 14, 2017, $3.4M — Credit Suisse, LionRock Capital
- Series A, Jul 1, 2016 — Alto Partners

## Investors

- Alto Partners (https://capitalatlas.ai/funds/alto-partners) — Series A
- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series A
- LionRock Capital (https://capitalatlas.ai/funds/lionrock-capital) — Series A
- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Series A
- Integra Partners (https://capitalatlas.ai/funds/integra-partners) — Series A
- Evergrow Inc. — Series A
- BC Capital — Series A
- Blowfish Ventures Limited — Series A
- Cayson Global — Series A
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Series A
- Franklin Capital Group — Series A
- Xincheng Investment — Series A
- Pureland Global Venture (https://capitalatlas.ai/funds/pureland-global-venture) — Series A
- Pioneer Generation Management — Series A