São Paulo-based tech holding company Canopy has successfully raised $100 million in a Series A funding round co-led by Bessemer Venture Partners and Cloud9 Capital. The capital infusion will enable Canopy to acquire and scale B2B software providers in sectors such as accounting, human resources, finance, and legal services. Founded in 2025 by Thiago Rocha, former CFO and M&A VP at Sinqia, 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.
The company plans to initiate operations and make its first acquisition in 2025. Thiago Rocha emphasized the goal of building one of the largest software companies in the country while respecting the legacy of the businesses acquired.
This funding round underscores the growing interest in the Brazilian software market and positions Canopy as a significant player in the sector.
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