Recently Funded Startups in Montenegro (Nov-2025)
Last Updated: 21-Nov-2025
Montenegro’s startup ecosystem is gradually emerging as a vibrant arena for innovation and entrepreneurship. With its strategic location and evolving digital infrastructure, the country is becoming a focal point for budding entrepreneurs and investors alike. As startups navigate through various challenges, the inflow of funding is critical for scaling operations, fostering innovation, and ensuring sustainable growth in this competitive landscape.
In the past year, the Montenegrin startup scene has shown promising signs of growth, with a remarkable deal announced this year. Financial Services have taken the lead, demonstrating the sector’s potential to attract substantial investment. As the ecosystem continues to develop, increased funding activity is expected to catalyze further advancements and solidify Montenegro’s position as a rising tech hub in the Balkans.
Funding Highlights
- Total startups tracked: 2
- Startups that raised funding last year: 1
- Startups that raised funding this year: 1
- Total funding raised this year: $11 million
- Largest deal: Alter Modus, Series Unknown, $11 million
- Top industries by funding amount: Financial Services – $11 million
- Top industries by number of deals this year: Financial Services – 1 deal
Full List of Recently Funded Startups in Montenegro
| Company | City | Country | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| Alter Modus | Podgorica | Montenegro | Series Unknown | $11M | 2025-04-05 | Financial Services |
| CGES | Podgorica | Montenegro | Series Unknown | $1M | 2024-11-19 | Energy |
| CGES | Podgorica | Montenegro | Series Unknown | $30.3M | 2024-02-20 | Energy |
Frequently Asked Questions
Q1. Where can I find recently funded startups in Montenegro?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How many startups were funded in Montenegro last year and this year?
In Montenegro 1 startup raised funding last year and 1 has raised funding so far this year; we track 2 startups in total.
Q3. Which industries are trending among recently funded startups in Montenegro?
Financial Services is the leading industry with $11M in funding (Alter Modus); no other industries recorded funding this period.
Q4. How can I connect with these startups in Montenegro?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
Q5. What were the largest deals and total funding in Montenegro this year?
Largest deal: Alter Modus (Series Unknown) at $11M; total funding this year so far is $11M.
