Uruguay
South America · Pop. 3.4M
Adjacent ecosystems by EV
Startup hubs
Inside Uruguay: top 1 startup hubs
Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.
Enterprise value · 2015–2025
Uruguay grew 54.2× since 2015
Combined enterprise value of every tracked startup headquartered in Uruguay that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How Uruguay stacks up
Peers chosen from the same South America cluster within ±70% of Uruguay's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
South America ecosystems — combined view
Top ecosystems in South America ranked by combined EV. Uruguay's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Brazil | $234.7B | 16.2× | 32 | $2B | 3,952 |
| 2 | Argentina | $140.9B | 7.1× | 9 | $150.9M | 767 |
| 3 | Mexico | $45.1B | 10.0× | 13 | $1.4B | 1,281 |
| 4 | Colombia | $21.1B | 16.5× | 2 | $207.1M | 680 |
| 5 | Chile | $17.8B | 12.3× | 3 | $189.9M | 850 |
| 6 | El Salvador | $12.6B | — | 1 | $72.8M | 34 |
| 7 | Cayman Islands | $10.7B | 150.5× | 4 | $184.5M | 108 |
| 8 | British Virgin Islands | $5.8B | 64.8× | 1 | $249.9M | 124 |
| 9 | Uruguay | $4.6B | 15.7× | 2 | $38.2M | 93 |
| 10 | Bermuda | $2.7B | 5.5× | 1 | $22M | 29 |
| 11 | Ecuador | $1.6B | — | 1 | $600K | 61 |
| 12 | Peru | $1.5B | 7.4× | 0 | $2.3M | 188 |
Patent intelligence
Uruguay startup IP portfolio: 16 patent families
Granted patent families assigned to startups headquartered in Uruguay. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
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