Canal Capital Management is pleased to announce that we have been selected to the Inc. 5000 list for 2024, our sixth year in a row. This is an annual ranking that consists of the fastest growing private companies in America. Canal came in ranked at number 4,790, and was one of only 36 Richmond businesses included on the list.
How the 2024 Inc. 5000 Companies Were Selected
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 through 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies–as of December 31, 2023. (Since the period under review, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. Growth rates used to determine rankings were calculated to four decimal places. All honorees must pass Inc. editorial review