Funded Startups in Montevideo
Among the 17 most recent Montevideo-funded entries, the only clearly large disclosed round is dLocal’s $150M (2021-04-02); the next-largest disclosed amoun…
Among the 17 most recent Montevideo-funded entries, the only clearly large disclosed round is dLocal’s $150M (2021-04-02); the next-largest disclosed amounts are $35M for Satellogic (2026-01-26) and $20M for PayFlex (2024-03-01), with most other disclosed figures clustered below the $14M range (e.g., Axenya $12M on 2025-08-25; nocnoc $14M on 2023-06-09). That makes dLocal a notable outlier in disclosed size rather than a pattern the rest follow.
The list is also temporally front-loaded within the last few years: the newest dated entry is TripWip on 2026-04-29, while the oldest is YVY Life Sciences on 2020-03-05. Sectors repeat across multiple entries (notably Financial Services: PayFlex $20K in 2024-03-01; Bankingly $11M in 2022-05-04), while classification is frequently non-specific (five entries are “Series Unknown” and two are “undisclosed” by amount, with additional rounds showing missing/blank stage text like PayFlex on 2024-03-01).
Most recent rounds
17 shownRelated listings
Frequently asked
What stands out in disclosed round size for Montevideo, and how does it compare to the rest of the list?
dLocal’s $150M on 2021-04-02 is the lone round in the much higher range; the next-largest disclosed amount shown is Satellogic’s $35M (2026-01-26), followed by PayFlex at $20M (2024-03-01) and nocnoc at $14M (2023-06-09).
Do most rounds cluster in a narrow time window, based on the dates shown?
Yes. Several disclosed rounds fall within the 2022–2025 band (e.g., Axenya $12M on 2025-08-25; Mappa.ai $3M on 2025-09-11; Bankingly $11M on 2022-05-04), with the overall span running from 2020-03-05 (YVY Life Sciences) to 2026-04-29 (TripWip).
How often are stage and amount non-specific, and does that complicate comparisons?
Stage labels are often non-specific: five entries are marked “Series Unknown,” and two entries are “undisclosed” by amount (TripWip on 2026-04-29; UNIVERSIMM on 2025-02-13; plus Handy on 2023-11-01 is also undisclosed). Blank/empty stage text also appears (PayFlex on 2024-03-01), so size-based comparisons apply unevenly across the list.
Which sectors appear repeatedly, and are they concentrated around particular deal sizes?
Financial Services appears multiple times: PayFlex shows $20K (2024-03-01) while Bankingly shows $11M (2022-05-04), spanning from small to large disclosed amounts within the same sector label. Commerce and Shopping also repeats (dLocal’s $150M on 2021-04-02; nocnoc’s $14M on 2023-06-09).
Which entries look like outliers worth a closer look beyond just size?
Beyond dLocal’s $150M (2021-04-02), other notable large-but-not-leading rounds include Satellogic’s $35M (2026-01-26) and Axenya’s $12M (2025-08-25). On the low end, PayFlex’s $20K on 2024-03-01 and Viatik’s $10K on 2023-03-01 sit far below the mid-teens million disclosures like nocnoc’s $14M (2023-06-09).
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