Made, the design-led ecommerce brand, is the second-fastest growing tech company in the UK, according to a competition hosted by The Next Web.

The winning five UK businesses, known as Tech5, were judged on actual revenue, traffic and employee data that shows the growth rate between 2011 and 2013. The main entry criteria for the Tech5 was that they must have launched in 2009 or later, have more than €500,000 in revenue (2013), and build its own scalable product or service driven by technology.

Ning Li, co-founder and CEO, says: “We are proud to be included as one of the fastest growing start-ups in Britain. The recognition by the Next Web is a testimony to our mission of democratising great design, an ambition that benefit a growing number of customers."

This announcement comes after a strong start for the business since its launch in 2010. Based in Notting Hill, Made employs 150 people, has seen 100% year-on-year average growth over the past three years and is set to launch in two new European countries this year following a successful launch in Italy and France in 2013.

In 2013, Made was selected to participate in the Government’s GREAT campaign, attend a Downing Street delegate trip to China with David Cameron, and be included within the Future Fifty programme – an initiative to offer tailored support to high growth businesses.

The five top businesses according to the competition will present their companies at the upcoming TNW Europe Conference.