Funded Startups in Montevideo
Disclosed funding levels in Montevideo are dominated by one outlier: dLocal’s 2021-04-02 venture-stage unknown round at $150M, which dwarfs the next-larges…
Disclosed funding levels in Montevideo are dominated by one outlier: dLocal’s 2021-04-02 venture-stage unknown round at $150M, which dwarfs the next-largest disclosed amounts of $20M (Satellogic on 2025-04-15) and $14M (nocnoc on 2023-06-09). Beyond that scale gap, most entries cluster in a long run-up from 2020-03-05 (YVY Life Sciences at $2M) to 2025-09-11 (Mappa.ai at $3M), with a tighter recent window: three disclosed rounds closed in 2025 (2025-02-13, 2025-04-15, 2025-08-25), including Axenya’s $12M on 2025-08-25.
Sector and stage signals are mixed rather than concentrated. Information-adjacent categories appear repeatedly in distinct labels (e.g., Data and Analytics at Satellogic on 2025-04-15; Artificial Intelligence at Bunker DB on 2022-09-21), while “Series Unknown” appears 6 times and “undisclosed” appears 3 times across these 15 rows, limiting clean comparisons by stage. Commercial activity also shows up multiple times via Commerce and Shopping (PayFlex at $20K on 2024-03-01; Handy, amount undisclosed on 2023-11-01; nocnoc at $14M on 2023-06-09; dLocal at $150M on 2021-04-02).
Most recent rounds
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Frequently asked
What’s the largest disclosed round in Montevideo here, and how far above the rest is it?
The largest disclosed amount is dLocal’s $150M on 2021-04-02. That level is far above the next-largest disclosed rounds—$20M (Satellogic on 2025-04-15) and $14M (nocnoc on 2023-06-09)—making dLocal the clear outlier in disclosed deal size.
Are the most recent rounds clustered in time within this list?
Yes, the latest activity stacks across 2025: Mappa.ai closes a $3M Seed on 2025-09-11, Axenya raises $12M (Series A) on 2025-08-25, and Satellogic records a $20M (Series Unknown) on 2025-04-15. Additional 2025 visibility includes UNIVERSIMM on 2025-02-13 (Pre-Seed, undisclosed).
Which stage labels repeat most often, and how much of the list is hard to compare by stage?
“Series Unknown” appears 6 times (e.g., Satellogic on 2025-04-15 for $20M; Handy on 2023-11-01 for undisclosed; SEG Ingenieria on 2023-03-27 for $380K), while “undisclosed” appears 3 times (e.g., UNIVERSIMM on 2025-02-13; Handy on 2023-11-01; Boxes devices on 2022-07-11). Only a subset have both a stage label and a disclosed amount (e.g., Axenya $12M on 2025-08-25 and nocnoc $14M on 2023-06-09).
Do any sectors show up more than once, suggesting a theme beyond single-company coverage?
Commerce and Shopping repeats multiple times: PayFlex (2024-03-01, $20K), Handy (2023-11-01, undisclosed), nocnoc (2023-06-09, $14M), and dLocal (2021-04-02, $150M). In contrast, several other labels appear only once in this slice (e.g., Health Care: Axenya $12M on 2025-08-25; Energy: SEG Ingenieria $380K on 2023-03-27).
Are there unusually small disclosed rounds that stand out relative to the disclosed range?
The smallest disclosed amount is PayFlex at $20K on 2024-03-01, which sits below other low disclosed figures like Viatik’s $10K on 2023-03-01 and Bunker DB’s $1M on 2022-09-21. Even with multiple undisclosed rows, disclosed amounts span from $10K–$20K levels up to $150M (dLocal), producing a wide funding dispersion.
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