Uruguay has few local seed funds. Most cheques fly in from abroad. Grants and a network back the start. The bench is thin but real. Here are 12 seed investors backing Montevideo startups in 2026.
Uruguay has very few local seed funds, so most early money still comes from abroad. The market is small, but the cheques are real and the deals are getting done.
Pan-LatAm funds lead the way and scan Uruguay closely for the next winners. They move fast once they spot a team worth backing.
Grants help cover the very first steps, and a local network ties the angels together. You will end up pitching both funds and programs along the way.
Ellty keeps all of your raise data behind a single link. That makes it easy to share once and track every fund in one place.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Kaszek | Pan-LatAm VC (Brazil) | US$500K-$25M | Fintech, consumer, SaaS | kaszek.com |
| monashees | Pan-LatAm VC (Brazil) | US$250K-$5M | Consumer, SaaS, AI | monashees.com |
| Canary | Pan-LatAm seed VC (Brazil) | US$180K-$300K | Fintech, consumer, enterprise | canary.com.br |
| Nazca | Pan-LatAm VC (Mexico) | US$100K-$1.5M | Tech, fintech | nazca.vc |
| NXTP Ventures | Pan-LatAm B2B VC (Argentina) | US$500K-$5M | B2B, SaaS, fintech | nxtp.vc |
| Magma Partners | Pan-LatAm seed VC (Chile) | US$50K-$5M | Fintech, insurtech, SaaS | magmapartners.com |
| Antler | Global VC + builder (Singapore) | US$150K-$10M | Fintech, generalist | antler.co |
| Latitud Ventures | Pre-seed micro-fund (Brazil) | ~US$250K | Fintech, SaaS, generalist | latitud.com |
| Newtopia VC | Pre-seed fund (Argentina) | US$100K-$500K | Generalist tech | newtopia.vc |
| ANII | Govt grant agency (UY) | Up to ~US$75K grant | Innovation, deep tech | anii.org.uy |
| ANDE | Govt grant agency (UY) | Seed grants | Innovation, generalist | ande.org.uy |
| Urucap | Private capital network (UY) | Links angels and funds | Tech, generalist | urucap.org |
Pitch every seed fund from one link
Seed funds move fast on team and traction. Ellty shows who opened your deck so you follow up first.
Start free 14-day trialWhat a seed investor backs
Seed investors back early traction and a strong founding team. A clear, sizeable market makes the case far easier to fund.
They want to see a credible path to a Series A round. The growth story has to feel real, not just hoped for.
A sharp pitch deck earns you their time and attention. Show them why this idea matters right now.
Ellty gives every fund one link to your materials. You get to see exactly who opens and reads your deck.
Uruguay saw about 35 investment rounds in 2024, at a roughly US$400K average ticket.
12 Montevideo seed investors
1. Kaszek
Kaszek is LatAm's largest VC fund.
Recent Activity: Backed payments startup Handy
LinkedIn: Kaszek LinkedIn
Sector Focus: Fintech, consumer, SaaS
Stage Focus: Seed to pre-IPO
Check Size: US$500K-$25M
Location: Sao Paulo, Brazil
Website: kaszek.com
2. monashees
monashees is LatAm's biggest early VC.
Recent Activity: The region's biggest early-stage VC
Sector Focus: Consumer, SaaS, AI
Stage Focus: Pre-seed to Series B
Check Size: US$250K-$5M
Location: Sao Paulo, Brazil
Website: monashees.com
3. Canary
Canary leads LatAm pre-seed rounds.
Recent Activity: Backed Montevideo's Datanomik
Sector Focus: Fintech, consumer, enterprise
Stage Focus: Pre-seed, seed
Check Size: US$180K-$300K
Location: Sao Paulo, Brazil
Website: canary.com.br
4. Nazca
Nazca backs tech and fintech startups.
Recent Activity: Backed Montevideo's Datanomik
LinkedIn: Nazca LinkedIn
Sector Focus: Tech, fintech
Stage Focus: Seed to Series A
Check Size: US$100K-$1.5M
Location: Mexico City, Mexico
Website: nazca.vc
5. NXTP Ventures
NXTP backs B2B seed across the region.
Recent Activity: Backed Montevideo's Drone.uy
Sector Focus: B2B, SaaS, fintech
Stage Focus: Pre-seed to Series A
Check Size: US$500K-$5M
Location: Buenos Aires, Argentina
Website: nxtp.vc
6. Magma Partners
Magma backs fintech seed across LatAm.
Recent Activity: Backed Prometeo's 2024 Series A
LinkedIn: Magma Partners LinkedIn
Sector Focus: Fintech, insurtech, SaaS
Stage Focus: Pre-seed to Series A
Check Size: US$50K-$5M
Location: Santiago, Chile
Website: magmapartners.com
Give each seed fund one trackable link
Ellty logs when a fund opens your deck. Chase the keen ones first, not days too late.
Start free 14-day trial7. Antler
Antler builds and funds early startups.
Recent Activity: Led Prometeo's US$13M Series A
Sector Focus: Fintech, generalist
Stage Focus: Pre-seed to Series C
Check Size: US$150K-$10M
Location: Singapore
Website: antler.co
8. Latitud Ventures
Latitud writes first cheques in LatAm.
Recent Activity: Backed Montevideo's Datanomik
Sector Focus: Fintech, SaaS, generalist
Stage Focus: Pre-seed
Check Size: ~US$250K
Location: Sao Paulo, Brazil
Website: latitud.com
9. Newtopia VC
Newtopia backs LatAm pre-seed founders.
Recent Activity: Backs LatAm pre-seed founders
LinkedIn: Newtopia VC LinkedIn
Sector Focus: Generalist tech
Stage Focus: Pre-seed, seed
Check Size: US$100K-$500K
Location: Buenos Aires, Argentina
Website: newtopia.vc
10. ANII
ANII grants money to UY innovators.
Recent Activity: Runs innovation grant calls
Sector Focus: Innovation, deep tech
Stage Focus: Idea, early
Check Size: Up to ~US$75K grant
Location: Montevideo, Uruguay
Website: anii.org.uy
11. ANDE
ANDE gives seed grants to founders.
Recent Activity: Runs Semilla ANDE seed grants
Sector Focus: Innovation, generalist
Stage Focus: Idea, early
Check Size: Seed grants
Location: Montevideo, Uruguay
Website: ande.org.uy
12. Urucap
Uruguay's main private capital network.
Recent Activity: Members invested US$12M in 2024
Sector Focus: Tech, generalist
Stage Focus: Pre-seed to growth
Check Size: Links angels and funds
Location: Montevideo, Uruguay
Website: urucap.org
Why funds fly in
Local seed money is scarce, so regional funds step in to fill the gap. They treat Uruguay as part of a wider LatAm hunt for talent.
Brazil clearly leads the inbound capital here, with Argentina and Mexico close behind. Together they account for most of the cheques on this list.
A warm intro still opens the right doors fastest. For a deeper cut, see our fintech investors guide too.
Ellty shows you who actually studies your deck. You can track every open and read in one place.
How grants seed the scene
ANII and ANDE both hand out grants to fund the very first steps. For many founders, this is the money that gets a prototype off the ground.
These are grants rather than equity, so they cost you no ownership. Use them to extend your runway while you line up a proper round.
Pair that grant money with an outside raise for the best effect. Keep your investor relations warm the whole way through.
Ellty logs who reads your numbers and how closely. That signal shows you where the real intent sits.
Raising seed money in Montevideo
Map out local, regional, and grant cash before you start. Then line up the warm intros that will actually get you meetings.
Run clean due diligence prep ahead of any call. Doing the work early builds trust with investors fast.
Keep every document in one virtual data room you control. From there you can share the whole set in a single click.
Ellty logs each read with document analytics you can act on. Lock sensitive files down with granular permissions.
How to pitch a seed investor
Show early traction and a team.
- 1.Show early traction and a team.Lead with the numbers that prove people want what you built. Then show the market behind them is genuinely big.
- 2.Map your path to Series A.Spell out how this round gets you to the next one. Keep every metric clear and easy to follow.
- 3.Name your raise and runway.State exactly how much you want and how long it lasts. Keep the ask tight and tied to clear milestones.
- 4.Send one Ellty link to your deck.Share a single trackable link instead of email attachments. Then watch to see which funds actually dig in.
How Ellty helps you land a seed investor in Montevideo
You have your Montevideo seed list ready. Set up a data room first.
- 1.Upload your deck, metrics, and model.Set access per fund.
- 2.Share one trackable link per fund.Each fund gets a unique link.
- 3.Watch opens and reply on time.Use analytics to time each nudge.
Montevideo seed investor questions
- Pan-LatAm and global funds. Grants help too.
- No, the local bench is thin. Funds fly in from abroad.
- Often US$250K to $5M. Some go higher.
- Yes, ANII and ANDE do. Use them as runway.
- Uruguay's private capital network. It links angels and funds.
- Before your first seed call. Track who opens your deck.
