SALT LAKE CITY — [April 23, 2025] — Cover, the firm-wide working system designed to assist accountants function the accounting agency of the long run, has introduced a $70 million Collection C funding spherical. Viking International Traders–a worldwide funding agency with over $51 billion in capital beneath administration–led the spherical, with continued participation from present traders Ten Coves Capital, Ankona Capital, Pelion Enterprise Companions, and Tenaya Capital.
Coming quick on the heels of a $35 million spherical in Could 2024, this funding will probably be used to additional ramp up Cover’s already market-leading funding in its platform, with a specific deal with leveraging AI to make medium and enormous accounting companies extra environment friendly and worthwhile. The corporate can even be evaluating alternatives to develop via acquisitions.
“At Cover, our mission is to assist accountants to deal with what drew them to the occupation within the first place: being accountants. They need to apply their experience to delivering actual worth to purchasers–not chasing paperwork, renaming PDFs, and sending invoices. We have been already making these duties simpler, however with AI we’re now automating them away completely,” mentioned Cover CEO Davis Bell. “This frees up time and sources and generates insights that assist companies higher serve purchasers, enhance profitability, and cut back workforce burnout. Because the working system for accounting companies, Cover is the pure place to begin for the AI transformation of the trade.”
About Cover
Cover is the firm-wide working system that helps accountants construct the agency they’ve all the time wished. Cover’s absolutely built-in follow administration resolution permits medium and enormous accounting companies to handle all the things from proposal to fee, together with consumer engagement, doc administration, workflow, time & billing, engagements & proposals, and extra. Trusted by over 4,000 accounting companies, Cover’s options are SOC2-certified and data-encrypted. Be taught extra at https://www.getcanopy.com/.
About Viking International Traders
Based in 1999, Viking International Traders (“Viking”) is a worldwide funding agency with a long-term, basic, research-intensive method to investing. Viking manages over $51 billion of capital throughout private and non-private investments. Viking has workplaces in Stamford, New York, Hong Kong, London, and San Francisco, and is registered as an funding adviser with the U.S. Securities and Trade Fee. For extra info, please go to www.vikingglobal.com.
Media Contact:
Chad Saley
Director of Content material
Cover
chad.saley@getcanopy.com
801-898-5917
getcanopy.com
