Deliveroo named UK’s fastest growing tech start-up in Tech5 competition

On-demand food delivery company Deliveroo was announced as the top tech start-up at the UK finals of The Next Web‘s European Tech5 competition last night, taking the title from 2016 winner Kano.

Held at sponsor Adyen’s London offices, the competition ranks businesses on their revenue growth from 2014 to 2016 – although businesses do not disclose revenue figures – with five companies shortlisted for the UK leg including Startups Awards 2016 overall winner Onfido and Startups Awards 2016 finalist Trouva.

Deliveroo, the start-up founded in 2013 by Young Guns Will Shu and Greg Orlowski, will now go forward to compete with winners from Germany, Spain, France, The Netherlands, and Sweden at The Next Web conference in May to win the accolade of ‘Fastest growing tech company in Europe’.

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Ranked in the esteemed Startups 100, London-based Deliveroo now works with over 20,000 restaurants in 150 cities across 12 countries and boasts employee numbers of more than 1,000.

The start-up has raised more than $475m in funding and just this month announced the opening of its 100th UK location, alongside the launch of its first national TV advertising campaign.

Patrick de Laive, co-founder of The Next Web, commented:

“It’s amazing to see how many fast growing companies have been sprouting on European soil. Aside from the ones that made the shortlists, we’ve seen a ton of others that had significant revenues and still continue to grow. As Europeans involved in technology, we should be proud of these highly successful startups. The Tech5 competition is here to celebrate those young companies and reveal them to a larger audience.”

Speaking earlier this month on Deliveroo’s recent growth, UK & Ireland managing director Dan Warne said:

“Only four years ago our founder and CEO made his first delivery, four years on we now deliver to 100 cities and towns right across the UK. The pace of our growth demonstrates how the British public are embracing the move to get great food from great restaurants delivered straight to their door.”