Too Good To Go announced as Europe’s hottest growing company at Tech5 awards

As a reward for their outstanding growth and international expansion, on top of a model which embraces social impact, Too Good To Go has been awarded with the first prize in the 2019 edition of the Tech5 competition.

The Danish company has outperformed the competition and has ranked first in front of runner ups Unifly (Belgium) and Unbabel(Portugal).

AMSTERDAM, NETHERLANDS – 8 May, 2019: Danish “fighting food waste” app Too Good To Go has been recognized as Europe’s hottest company at the Tech5 Awards hosted by TNW and Adyen at the TNW Conference in Amsterdam last night.

Too Good To Go was founded in 2016 in Copenhagen with the aim to reduce pollution through food waste, which is responsible for 8% of the global greenhouse gas emissions. Since its start, Too Good To Go already saved more than 13 millions of meals and 26 000 tonnes of CO2 and has since expanded to Belgium, France, Germany, Italy, Norway, Poland, Spain, Switzerland, The Netherlands and The United Kingdom. They count in its 11European offices, more than 280 employees.

Founder’s Day, the event that concludes Tech5 2019, has brought together the founders of the 100 selected Tech5 companies, and a total of 250 guests including investors, speakers and opinion leaders.

The selection has been based on the companies’ traction, overheads growth, media buzz and social impact, and Too Good To Go has been scoring high on all parameters, showing significant enough results to win the Tech5 competition ahead ofUnifly from Belgium and Unbabel from Portugal, who had been identified as the hottest young tech companies in their respective countries.

Next to the top three, the following companies received the most votes in their region: Picnic (the Netherlands), Supermercato24(Italy), Transfergo (UK), Glovo (Spain), Frontify (Switzerland), Arbe Robotics (Israel), FlixBus (Germany), Kahoot (Norway), Bitrise (Hungary), Displate (Poland), Bolt (Estonia), Karma(Sweden), CityScoot (France), Yroo (Ireland), Actijoy (Czech Republic), Iceye (Finland), USound (Austria).

This year marks the sixth edition of Tech5, which has been a launchpad for companies such as Transferwise, Delivery Hero, Cabify and Foodpanda. Tech5 alumni finalists collectively raised over €13B in funding over the last five years.

Mette Lykke, CEO of Too Good To Go comments:

“We are grateful to be recognised by Adyen and The Next Web as the Tech5 winner. We have a team of 280 Waste Warriors across Europe, and this is testimony to their dedication to inspire and empower everyone to take action against food waste.Through our platform we ensure that businesses, consumers and – most importantly – the environment all win, whilst also addressing the serious environmental issue that is food waste. This award is a great recognition and hopefully will further highlight the issue that we’re trying to solve”

Roelant Prins, chief commercial officer of Adyen comments:

“The level of innovation we have seen at this year’s Tech5 has reached new heights. Once again European businesses have showcased themselves as world-leaders, demonstrating creativity and disruption in a wide spectrum of industries. This year’s expanded Tech5 competition looked beyond pure growth numbers to account for other key elements that make a successful business. What has been really exciting this year is to see so many companies that have an important social impact achieve such great success. Too Good to Go is an excellent example of a company using technology for good, and we look forward to following their future success.

To Good To Go Zurich Campaign

About TNW

TNW is a global digital brand that informs, inspires and connects people who love tech, through media, events, and services.

Primarily known for its media outlet thenextweb.com and award-winning tech event TNW Conference, TNW also incorporates a co-working label (TQ.co), a global startup database (Index.co) and delivers custom innovation programs to corporate and governments via TNW X.

About Adyen

Adyen is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across in-store, mobile and ecommerce channels. With offices across the world, Adyen serves 9 of the 10 of the world’s largest Internet companies. Customers include Facebook, Uber, Netflix, Spotify, Microsoft, Bonobos and L’Oreal.