Arbe Named the Hottest Scale-up in Israel

Europes hottest companies were announced at the Tech5 Awards hosted by TNW and Adyen as part of the TNW Conference in Amsterdam May 8th. The finalist selection has been based on the companies' traction, overheads growth, media buzz and social impact,

The hottest young tech companies in their respective countries were:

Too Good To Go - pan European first place, Unifly (Belgium), Unbabel (Portugal), Picnic (the Netherlands), Supermercato24 (Italy), Transfergo (UK), Glovo (Spain), Frontify (Switzerland), Arbe (Israel), FlixMobility (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.

Patrick de Laive, co-founder of TNW comments:

“It’s always a pleasure to look at how innovative young European companies are finding creative ways to disrupt industries, pushing for progress, all while building successful businesses around it. As TNW, we’re always proud to play a role in showcasing them and we look forward to seeing them grow into household names.”

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.”