Canopy Labs was founded in 2012 in
Thornhill, Ontario by Wojciech Gryc and Jorge Escobedo. Gryc is a
Loran Scholar,
Rhodes Scholar and former
McKinsey consultant, and Escobedo is a former PhD researcher at the
Perimeter Institute and
University of Waterloo. In 2012, the company joined the
Y Combinator start-up acceleration program in
Silicon Valley as part of the 2012 Summer Class. The company returned to Toronto in 2012, raising $1.5 million in
seed funding from
BDC Venture Capital's IT Fund,
Peter Thiel's Valar Ventures, and a number of angel investors. In March 2015, the company announced the launch of its new Canopy Labs platform, focused on helping businesses to track and optimize customer journeys and
purchase funnels. In 2018, Canopy Labs was acquired by customer loyalty company
Drop Technologies. == References ==