ANDOVER, Mass.  –  Copanion, which markets tax document automation software, has closed a $10.2 million round of venture capital funding, co-lead by Commonwealth Capital Ventures and Pilot House Ventures Group. It was the company's third fund-raising round. With the financing, Edward Jennings, Copanion’s former SVP of marketing and sales, has taken over the job of CEO from founder Steven Ladd, who is now responsible for new market development, an advisory position.

Copanion markets GruntWorx and GruntWorx Pro. Copanion raised $5 million in December with $3 million of that used to repay debt, according to documents filed with the SEC.  It raised $6 million in March 2007, which was used for working capital.