Canal Capital Management is pleased to announce that we have been selected to the Inc. 5000 list for 2021, our fourth 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 4,723, and was one of only 44 Richmond businesses included on the list.
How the 2021 Inc. 5000 Companies Were Selected
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2016 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2016. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2020. (Since then, some on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
Note: Growth rates used to determine company rankings were calculated to two decimal places. In the case of ties, the companies with more revenue were placed higher.