The Startup Ecosystem of Montevideo

Montevideo has 33 startups in our sample database which represents about 94% of Uruguay’s sampled startups. Montevideo is the highest-ranked startup ecosystem in Uruguay.


In 2023, the startup scene of Montevideo shows much promise after advancing in the Global Ecosystem Index by 21 spots.

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 Ecommerce & Retail, Software and Data, and and Fintech. There are some notable success stories contributing to the city’s growing Ecommerce & Retail industry. One of the most promising startups in Montevideo in 2023 is Meitre, Vopero, and Bunker DB.

Global Rank

Montevideo is ranked within the top 200 startup ecosystems globally.

Top Industries

Montevideo’s startups excel particularly in Ecommerce & Retail where it ranks 83 and in Software and Data, and Fintech. 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.
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Notable Startups in Montevideo
Meitre startup icon
Vopero startup icon
Bunker DB startup icon
Bunker DB


Successful Ecommerce & Retail startups in Montevideo
Vopero startup icon
GU Trade startup icon
GU Trade
Popey startup icon


Startups Ranking by Industry

Ecommerce & Retail icon
Ecommerce & Retail
#83 worldwide

On our map, you can explore a total of 10 startups for Ecommerce & Retail.

Software and Data icon
Software and Data
#192 worldwide

The Software and Data industry in Montevideo is ranked 192 globally. There are 7 startups for Software and Data on our sample database and map.

Fintech icon
#208 worldwide

Fintech is ranked 208th in the world. Our database contains 7 startups for this industry.


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 Ecommerce & Retail, Software and Data, Fintech. These three industries represent about 73% 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 9th in South America. With a population of 1M - 2M people, Montevideo is ranked th in the world. The city has some notable startup success stories including Meitre.

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

Regus - Montevideo, World Trade Center III startup icon

Regus - Montevideo, World Trade Center III

CoWork Latam startup icon

CoWork Latam

Featured Ecosystem Portals

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