StageSeries B - II | Alive
Last Raised$2.5M | 3 yrs ago
Canopy offers products to ease the process of moving in, paying rent and managing the rental experience. Canopy provides several products that include RentPassport, Renttracking, and rent and legal protection. The company serves renters, agents and landlords. It was founded in 2016 and is based in Sevenoaks, United Kingdom.
Missing: Canopy's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Canopy's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Expert Collections containing Canopy
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Canopy is included in 4 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Track and capture company information and workflow.
Latest Canopy News
Feb 28, 2022
OnTheMarket report a year of further financial and operational progress 7:30 am OnTheMarket plc (LON:OTMP), the majority agent-owned company which operates the OnTheMarket.com property portal, has announced an update on trading for the year to 31 January 2022 (FY22). Strong performance in line with recent update The Group’s operational performance continued to be strong throughout the second half of FY22 and in its trading update on 21 January 2022, OnTheMarket upgraded its expected adjusted operating profit1 for the year to 31 January 2022 to be not less than £2.5m. Following the end of FY22, the Group is pleased to be able to confirm that full year results were in line with these increased expectations. Accordingly, subject to audit, the Group expects to report for FY22: · Revenues of approximately £30.8m (FY21: £23.0m); and · Adjusted operating profit for the year of approximately £2.6m (FY21: £2.4m). Further operational progress FY22 saw the successful implementation of a number of commercial partnerships, which provide a greater range of products and services to the Group’s advertiser customers and to OnTheMarket.com users. Recent partnerships include those with Brickflow, Autoenhance.ai and a strengthened partnership with Sprift, through which OnTheMarket can provide an exclusive prospecting product, SmartMail, to its advertiser customers. In addition, in January 2022, an extended agreement with Insurestreet Limited (trading as Canopy) was concluded, alongside a strategic minority equity investment by the Company into Insurestreet Limited of £350k. Cash position Outlook With the new website and brand launch in December 2021, and an increasing range of commercial partnerships successfully established, the transformation of OnTheMarket to create a tech-enabled property business across the broader property ecosystem is accelerating. The new website, and initiatives such as ‘Only With Us’, continue to attract serious property-seekers and connect them with our advertisers. The strategic steps the Group has taken, alongside the support of our agent customers and shareholders, provide the Group with the confidence that it has a platform from which to drive long-term profitable growth. Jason Tebb, OnTheMarket Chief Executive Officer, commented: “We are delighted to have achieved a year of further financial and operational progress. But there is much more to come. We have received great feedback from our customers regarding our new strategy and enhanced suite of product and service offerings. We look forward to continuing to deliver greater value to both advertisers and consumers during the year ahead.” Footnotes: 1) Adjusted operating profit is defined as operating profit before share-based payments (including charges relating to shares issued for agent recruitment), specific professional fees and non-recurring items. This is an alternative performance measure and should not be considered an alternative to IFRS measures, such as revenue or operating profit. Good news travels fast (but only if you make that happen): Share on twitter
Canopy Frequently Asked Questions (FAQ)
When was Canopy founded?
Canopy was founded in 2016.
Where is Canopy's headquarters?
Canopy's headquarters is located at First Floor, Buckhurst House, 42/44Buckhurst Avenue, Sevenoaks.
What is Canopy's latest funding round?
Canopy's latest funding round is Series B - II.
How much did Canopy raise?
Canopy raised a total of $9.34M.
Who are the investors of Canopy?
Investors of Canopy include West Hill Capital, Nesta Open Up Challenge, Experian Ventures, Vision Blue Solutions, Round Hill Capital and 9 more.
Who are Canopy's competitors?
Competitors of Canopy include Goodlord and 5 more.
Compare Canopy to Competitors
Real ID provides resident and employment screening, healthcare background checks, government compliance, collection tools, and verification products for landlords and property managers. The company's rTenant allows landlords and rental property owners to get access to cost-effective background screening tools that provide all the information necessary to make informed judgments on potential renters within minutes. Its rPay is a payment solution for the property management industry serving clients primarily in the residential market, including multifamily, single-family, affordable, public, senior and military housing.Real ID is based-in Lincolnwood, IL, and was founded in 2005.
Innago is free, easy to use online property management software designed for landlords and property managers of all sizes. Innago allows users to create applications, screen tenants, sign leases, collect rent, manage work orders, organize financials, communicate with tenants, and much more. Innago was founded in 2017 and is based in Hudson, Ohio.
TenantCloud is an all-in-one cloud-based property management system for landlords, tenants and vendors.
Azibo is a free, one-stop-shop platform to help independent landlords manage their rental property finances.
Tellus is a financial technology platform that offers a variety of high-yield cash accounts that pay more interest than a traditional savings account, all while keeping money completely out of the stock and crypto markets. It was formerly known as Zilly. The company was founded in 2016 and is based in Cupertino, California.
Rent Monitor is a property management software application designed specifically for individual real estate investors, rental property.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.