Canopy raised £2.8 million from West Hill Capital

Canopy, a London, UK-based digital rental ecosystem secured a capital round of £2.8 million ($3.5m).

The money was raised from West Hill Capital.

Proceeds will be used to accelerate partnerships with letting agents and grow a portfolio of financial products.

Canopy, founded in 2015 by Tahir Farooqui, is creating an ecosystem for Landlords, Agents and Renters where all parties benefit. They are challenging conventions to design easy to understand plans that meet Landlords and Renters needs.

Prior to this round, Canopy raised £1.6M ($2M) in 2017 from Direct Line Insurance and €3.5M ($3.9M) in 2019 from Vision Blue Solutions and West Hill Capital, which brings the total seed capital to over £10m ($12.9M).