About startup landscape in Mongolia
Mongolia has over 738 startups across the country. Of these, 143 are funded companies that have collectively raised $993M in venture capital and private equity. A total of 47 investors have participated in 189 funding rounds, with 5 startups securing early-stage funding. In the last five years, 35 new companies have been founded. Startups in Mongolia have witnessed 5 acquisitions and 13 IPOs, while 89 startups wrapped up operations. Additionally, 8 companies have been founded by women.
Top Companies in Mongolia
Khan Bank is the top company in Mongolia, ranked using Tracxn Score (what's this?).
Here are 5 of the top companies in Mongolia:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Commercial Bank | Ulaanbaatar (Mongolia) | 1991 | Series B | $24.8M | |
Private equity and debt firm focused on multiple sectors | New York City (United States) | 1992 | Unfunded | - | |
Integrated telecommunication and ICT services provider | Ulaanbaatar (Mongolia) | 2005 | Unfunded | - | |
AI-based micro-lending platform | Ulaanbaatar (Mongolia) | 2015 | Series B | $44.6M | |
National flag carrier of Mongolia, providing airline services and a mobile app for booking flights and managing trips. | Ulaanbaatar (Mongolia) | 1956 | Unfunded | - |
Recent Funding Rounds in Mongolia
In the year 2025, till August 2025, $21.4M has been raised in 1 equity
funding round across Mongolia.
Here are some recent, important funding rounds in Mongolia:Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 9762 | Aug 18, 2025 | ||
Series A | 7885 | Jul 18, 2021 | ||
Series A | 5667 | Jul 07, 2021 | ||
Series A | 5270 | Jul 07, 2021 | - | |
Series B | 8144 | Jan 06, 2021 | and 1 more |
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- 735+ Total Companies
- $993M+ Total Funding
- 140+ Funded Companies
- 10+ IPOs
- 5 Acquisitions
Top Investors in Mongolia
Europa is the top investor in companies of Mongolia based on number of companies invested.
Here are some top investors in Mongolia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Ulaanbaatar (Mongolia) | ||
Ulaanbaatar (Mongolia) | ||
Washington (United States) | ||
Washington, DC (United States) |
Acquisitions in Mongolia
In the year 2025, till March 2025, 1 acquisition happened in Mongolia. Last year, in 2024, a total of 2 acquisitions happened in Mongolia.
Here are some recent, important acquisitions in Mongolia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Feb 04, 2025 | ||
Business Acquisition | Sep 02, 2024 | ||
Business Acquisition | Jan 22, 2024 | ||
Business Acquisition | Jan 31, 2020 | ||
Business Acquisition | Nov 01, 2018 |
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IPOs in Mongolia
In the year 2021, till March 2021, 1 IPO happened in Mongolia.
Here are some recent, important IPOs in Mongolia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 30, 2021 | Australian Securities Exchange (ASX) | |
Oct 18, 2018 | Toronto Stock Exchange (TSX) | |
May 22, 2018 | Toronto Stock Exchange (TSX) | |
Apr 25, 2017 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Jan 11, 2013 | Australian Securities Exchange (ASX) |
Top News about startups in Mongolia
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X-META Streamlines Its Digital Onboarding Experience with JumioBusiness Wire•Feb 08, 2023•X-Meta, Jumio
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