The Narwhal List was developed to focus attention on the private Canadian technology companies best poised to become world class firms. The list uses three metrics to identify leading firms. These metrics are Financial Velocity, Growth and Firm Size. From publicly available data we have created a Scale-Up Score which rates a firm’s ability to scale to world-class at any stage of its development. Research in over 1,000 companies indicates that a Scale-Up Score of over 25 is critical to enable a firm to continue its trajectory to becoming world-class. This list is created annually and this is the list for January 2021.
2020 was another remarkable year for Canadian Narwhals, twenty-five companies on the 2021 list raised a total of over $1 billion.
Eavor was included in the list, under the ‘Clean Technology’ category.