Uruguay has 1 city in the top 1000 and is one of South America’s best countries for setting up a startup.
Uruguay’s startup scene saw an increase in 2023 and jumped 1 spot from the previous year, outranking Malta.
Uruguay’s main startup ecosystem advantage is the country’s stability. Surrounded by nations facing ongoing economic and political crises, Uruguay is an island of certainty. Hence, it is no surprise that Uruguay’s startup ecosystem has promising potential, especially with dLocal, the country’s first startup to exit with a valuation above US$ 1 billion, as well as the arrival of Argentinian entrepreneurs such as Marcos Galperin of MercadoLibre.
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The health check tables allow you to look at the performance Uruguay has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
Uruguay is ranked within the top 100 startup ecosystems globally.
Uruguay’s startup scene is best represented in Software & Data, Fintech, and in Ecommerce & and Retail.
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