The Narwhal List

 

The Narwhal List is a listing of Canada’s 50 most financially attractive private tech companies. This list shows private Canadian venture capital backed companies with the highest Financial Velocity.

Financial Velocity is the amount of funding a firm has raised divided by the number of years it has been in existence. It is expressed in millions of dollars per year. This measure reports the rate at which companies raise and consume capital. For an explanation of Financial Velocity and the Narwhal List you can refer to our report, The Narwhal List 2018.

 

The Narwhal List 2018

Technology Narwhals

RankCompanyFoundedTotal FundingFinancial VelocitySectorCity
1Hootsuite200823023.0InternetVancouver
2Lightspeed POS200529222.5Mobile & TelMontreal
3Thalmic Labs201213522.4ConsumerKitchener
4Wealthsimple20146215.5InternetToronto
5Kik Interactive200911612.9Mobile & TelWaterloo
6Visier20109211.4InternetVancouver
7Breather20126811.3Mobile & TelMontreal
8Ritual Technologies20144410.9Mobile & TelToronto
9Kindred Systems20144310.8IndustrialVancouver
10LeddarTech200711710.6ElectronicsQuebec City
11Wave Financial20108410.5InternetToronto
12D-Wave Systems19991829.6Comp HardwareBurnaby
13Hopper2007999.0Mobile & TelMontreal
14Wattpad20061078.9InternetToronto
15D2L19991658.7InternetKitchener
16Tulip Retail2013428.5Mobile & TelToronto
17Hubba2011598.4InternetToronto
18Nekso2015258.3Mobile & TelToronto
19eSentire20011418.3Comp HardwareCambridge
20Integrate.ai201788.2InternetToronto
21Vidyard2010617.6InternetKitchener
22Manifold2016157.5InternetHalifax
23SecureKey Technologies2008737.3InternetToronto
24LEAGUE2014297.3InternetToronto
25Ranovus2012437.2Comp HardwareOttawa
26Flipp2007766.9InternetToronto
27Scribble Technologies2009616.8InternetToronto
28Mojio2012416.8Mobile & TelVancouver
29Influitive2010506.2InternetToronto
301QBit Information Technologies2012355.9SoftwareVancouver
31Peraso Technologies2008585.8ElectronicsToronto
32Deep Genomics2015175.6SoftwareToronto
33Top Hat2009505.6InternetToronto
34Coveo2005705.4InternetQuebec City
35Analytics 4 Life2012325.4SoftwareKingston
36FundThrough2014215.2InternetToronto
37Vena Solutions2011365.1InternetToronto
38Freshbooks2003734.9InternetToronto
39Intelex Technologies19921224.7InternetToronto
40TouchBistro2010374.6Mobile & TelToronto

Healthcare Narwhals

RankCompanyFoundedTotal FundingFinancial VelocitySectorCity
1BlueRock Therapeutics2016225112.5HealthcareToronto
2DalCor Pharmaceuticals201515050.0HealthcareMontreal
3Repare Therapeutics20166834.0HealthcareSaint-Laurent
4Turnstone Biologics20155016.7HealthcareOttawa
5PreciThera20162914.5HealthcareMontreal
6Fusion Pharmaceuticals20144611.5HealthcareHamilton
7Northern Biologics20144010.0HealthcareToronto
8Highland Therapeutics2008828.2HealthcareToronto
9Ilkos Therapeutics2016167.9HealthcareMontreal
10Endoceutics2006857.1HealthcareQuebec