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.


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

In Uruguay

Regional Ranking

In South America

Global Ranking

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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.
2022 National Rank & Change ▲
2022 National Rank & Change City
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Notable Startups in Montevideo
Satellogic startup icon
Vopero startup icon
Bankingly startup icon


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


Startups Ranking by Industry

Fintech icon
#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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Why should you join Montevideo's Startup Ecosystem?


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.


National Rank


Regional Rank


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.

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


Uruguay IT startup icon

Uruguay IT

Featured Ecosystem Portals

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Work with us

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?

Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]

Wed Mar 08 2023

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

Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita.   The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]