We are thrilled to announce that Utopi has, for the second year in a row, achieved recognition in Deloitte’s prestigious 2024 UK Fast 50.
Utopi has not only secured the 1st spot as the Regional Winner for Scotland but also the 18th position overall in the UK, and 3rd in the Cleantech top five, with a three-year growth rate of 2,156%.
These rankings are a testament to our continued growth, resilience, and commitment to innovative solutions in the built environment. The Deloitte UK Technology Fast 50 is an annual ranking of the UK’s fastest-growing technology companies, based on revenue growth over three years. This year’s cohort showed resilience amid economic challenges, driven by innovation and strategic growth.
Since 2019, Fast 50 companies have raised over £3 billion across 191 deals, with substantial contributions from private equity and venture capital. Innovation grants and accelerator programs have played a significant role, supporting many companies in this year’s list with resources, funding, and mentorship.
Commitment to Sustainability and Innovation
The Utopi journey has been defined by a commitment to environmental, social, and governance (ESG) innovation in the real estate sector. Founded in 2019, the Utopi Impact Toolkit empowers multi-tenant property owners and residents to make informed, data-driven choices. By integrating real-time analytics, energy control, and resident engagement, the Impact Toolkit addresses the pressing need for sustainable and scalable residential living solutions. This purpose-driven approach not only sets us apart but has also become central to our growth strategy.
Navigating an Unpredictable Landscape
This accolade reflects our team’s dedication to fostering sustainable practices amidst an ever-challenging economic landscape.
“We continue to see the resilience of the UK’s technology sector, demonstrated clearly from the impressive growth amongst this year’s Fast 50 winners. Amidst challenging economic conditions, these businesses have navigated their way to growth through tenacity, talent, and innovation in what remains a competitive market…”Kiren Asad, lead partner for the Deloitte UK Technology Fast 50
Our three-year revenue growth of 2,156% is a testament to our effective growth strategy and tenacity. As Garry Tetley, Deloitte Technology partner for Scotland, noted:
“Registering revenue growth of 2,156% over a three-year period is an impressive achievement. The exceptional growth of Utopi puts it in select company.”
Driving forward in the Cleantech Sector
The Cleantech sector has seen rapid growth within the UK Fast 50, reflecting the market’s increasing appetite for green technologies. This year’s ranking highlights the growing emphasis on sustainability and ESG compliance across industries, especially in real estate. Deloitte’s Fast 50 report further emphasises that high-growth Cleantech companies like Utopi are crucial for shaping a more sustainable future, particularly in a market grappling with rising energy costs and environmental concerns.
The recognition from Deloitte motivates us to continue scaling and innovating, with ambitious plans for expansion into new markets. We are incredibly grateful to our team, investors, and partners for their unwavering support.
Stay tuned as we embark on the next chapter of growth, continue to push the boundaries of innovation in the built environment, and work toward a more sustainable, resilient future in the real estate sector.