Montenegro
Europe · Pop. 624K
1 Overview
2 Latest quarter
Montenegro's latest quarter in venture capital
VC raised by Montenegro-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Montenegro-headquartered companies…
3 Largest rounds
Largest funding rounds in Montenegro
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Montenegro, grouped by Dealroom sector.
Largest rounds in Montenegro - 2024–2026
4 Startup funnel
Montenegro's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* Conversion rates are derived from current counts.
5 VC investment
How much venture capital flows into Montenegro
VC investment into Montenegro-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
6 Location comparison
How Montenegro stacks up
Compare Montenegro with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Montenegro's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 5.0× | 226 | $27.5B | 21.1K |
| 2 | Germany | $420B | 4.8× | 99 | $8.3B | 8,949 |
| 3 | Netherlands | $400B | 3.4× | 47 | $3.6B | 4,011 |
| 4 | France | $399B | 5.4× | 68 | $8.3B | 9,352 |
| 5 | Sweden | $287B | 6.5× | 56 | $3.5B | 3,369 |
| 6 | Switzerland | $229B | 3.7× | 50 | $4.2B | 3,111 |
| 7 | Denmark | $145B | 6.3× | 24 | $1.9B | 1,734 |
| 8 | Belgium | $117B | 8.8× | 13 | $1.1B | 1,961 |
| 9 | Spain | $106B | 4.7× | 18 | $3.3B | 4,676 |
| 10 | Ireland | $104B | 4.4× | 26 | $1.2B | 2,007 |
| 11 | Finland | $80.6B | 4.0× | 14 | $2.2B | 1,787 |
| 43 | Montenegro | $82.8M | 1.1× | 0 | $0 | 8 |
More data
Explore Dealroom data →Get the full Montenegro ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.