Canopy Reaches Agreement With GOED, Will Add 500+ Jobs To Utah's Economy


I'm out of jokes at this point. Canopy is moving so fast and creating so much new news, I can barely keep up. So this post will have zero jokes. Only facts. And links. Finks, as they're known. Large amounts of finks.

Fink #1 & #2: Canopy recently announced a $30 million funding round, then hit the rewind button and said, "Nope, it's actually $42 million."

Fink #3 & #4: This supplemented a $20 million Series B round led by Pelion Venture Partners and an $8 million Series A round led by New Enterprise Associates (NEA).

Fink #5: All this growth has caused GOED (Governor's Office of Economic Development) to reach a tax incentive agreement with Canopy, who will create 500+ jobs for Utah's economy over the next five years.

Canopy founder/CEO Kurt Avarell expressed his excitement.

“As a company born and bred in Utah, we’ve enjoyed the resources and benefits the state provides for small and growing businesses such as Canopy. We are committed to growing our employee base and further contributing to Utah’s economy as we disrupt the $100B+ tax software and services market from right here in Silicon Slopes.”


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