The Startup Ecosystem of Montevideo

Montevideo boasts 36 startups in our sample database which represents about 97% of Uruguay’s sampled startups. Montevideo is the highest-ranked startup ecosystem in Uruguay.

CITY RANKING

While Montevideo decreased by 53 spots in its global rank in the Global Startup Ecosystem Index of 2022, its ranking in Uruguay remained stable at 1 nationally since 2021.

National Ranking

1st
0
In Uruguay

Regional Ranking

10th
-
1
In South America

Global Ranking

218th
-
53
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of Montevideo

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Ecosystem

The Startup Ecosystem in Montevideo

Startups in Montevideo excel in Fintech, Software and Data, and Ecommerce & and Retail. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Montevideo in 2022 is Satellogic, Vopero, and Bankingly.

Global Rank

Montevideo is ranked within the top 300 startup ecosystems globally.

Top Industries

Montevideo’s startups excel particularly in Fintech where it ranks 44 and in Software and Data, and Ecommerce & Retail. Find out more

Top Cities for Startups in Uruguay - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2022 National Rank & Change ▲
2022 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
218th
-
53
3.696
0.26
1.36
2.08
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Startups

Notable Startups in Montevideo
Satellogic startup icon
Satellogic
Vopero startup icon
Vopero
Bankingly startup icon
Bankingly

Startups

Successful Fintech startups in Montevideo
Bankingly startup icon
Bankingly
Paganza startup icon
Paganza
KoalaMint startup icon
KoalaMint

Startups

Startups Ranking by Industry

Fintech icon
Fintech
#44 worldwide

On our map, you can explore a total of 11 startups for Fintech.

Software and Data icon
Software and Data
#234 worldwide

In South America, Montevideo's Software and Data is in top 234. Montevideo has a concentration of about 0% of the country's total Software and Data startups that are represented on our map.

Ecommerce & Retail icon
Ecommerce & Retail
#257 worldwide

Ecommerce & Retail is ranked 257th in the world. Our database contains 7 startups for this industry.

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ECOSYSTEM

Why should you join Montevideo's Startup Ecosystem?

Overview

Within Montevideo there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Software and Data, Ecommerce & Retail. These three industries represent about 69% of the startups represented on the Startup Ecosystem Map of Montevideo.

1st

National Rank

10th

Regional Rank

Overview

Montevideo is Uruguay's 1st best startup ecosystem and is ranked 10th in South America. With a population of 1M - 2M people, Montevideo is ranked th in the world. The city boasts some notable startup success stories including Satellogic.

ECOSYSTEM
Startup Infrastructure in Montevideo
With a large variety of initiatives, Montevideo's startup ecosystem stands out from other cities in South America. Montevideo offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Montevideo's most prominent support initiatives:

Coworking Spaces

CoWork Latam startup icon

CoWork Latam

Co-Work Chile startup icon

Co-Work Chile

Sinergia Cowork startup icon

Sinergia Cowork

Organizations

Uruguay IT startup icon

Uruguay IT

Featured Ecosystem Portals

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If you are a startup ecosystem developer in Montevideo, you can grow your startup economy by becoming a partner.

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Recent Posts

Tue Mar 14 2023

EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?

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Wed Mar 08 2023

How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?

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The Top 30 Countries by Absolute Power in 2022

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