Brazilian tech holding company Canopy raised $100M from Bessemer Venture Partners and Cloud9 Capital.
Canopy acquires and scales B2B software providers in areas such as accounting, HR, finance, and legal.
Canopy will use the funds to start operations and make its first acquisition in 2025.
“Our goal is to build one of the largest software companies in the country, while respecting the legacy of the businesses we acquire,” said Thiago Rocha, Canopy’s founder and CEO.
Founded in 2025 by Sinqia’s former CFO and M&A VP Thiago Rocha, Canopy aims to become a long-term partner for founders seeking succession or consolidation, offering an alternative to traditional exits in Brazil’s growing software market.
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