Top startups in Montenegro
There are 1,304 startups in Montenegro which include Cake, Electricity, Tsawq.me, Twinme, Tesla Club. Out of these, 195 startups are funded, with 7 having secured Series A+ funding. Utilities ($36.7M) and K-12 EdTech ($28.1M) are the top-funded sectors in Montenegro, with over 16 companies, including Ula and CEDIS. In the last five years, 35 companies raised over $109M in funding across 38 rounds. The number of companies founded have declined by 56.6%, from 53 companies in 2024 to 23 companies in 2025.
Here is the list of top startups in Montenegro
1. Cake
Platform focused on connecting global talent with job opportunities. It is a global talent network that connects job seekers with job opportunities, allowing users to create resumes, portfolios, and job applications. The platform facilitate the job search process and provide a range of tools and resources to users.
Key facts about Cake
- Founded Year: 2016
- Location: Montenegro
- Stage: Series A
- Total Funding till date: $5.9M
- Investors: Mynavi
- Latest Funding Round: Series A, Aug 23, 2023, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 3 of 2,483 Competitors

2. Electricity
Provider of digital and physical payment channels for electricity bills. It enables households and businesses to settle utility charges via e-billing portals, bank integrations, ATMs, postal counters, and standing orders across Montenegro. It facilitates seamless bill settlements for residential, commercial, and industrial consumers.
Key facts about Electricity
- Founded Year: 1910
- Location: Montenegro
- Stage: Unfunded
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 20 of 1,824 Competitors

3. Tsawq.me
Online platform designed to provide a wide range of products and services. It is designed to give users an easy and efficient shopping experience, with a focus on providing items that meet everyday needs. The site is structured to facilitate both browsing and purchasing, with clear navigation and various payment options to ensure a seamless shopping experience.
Key facts about Tsawq.me
- Founded Year: 2017
- Location: Montenegro
- Stage: Unfunded
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 10 of 950 Competitors
4. Twinme
Twinme is a P2P messaging and calling app that allows users to communicate with friends and family on an encrypted platform. Using WebRTC open source technology, the app provides a real-time multimedia messaging system. Allows users to add contacts through QR codes that can be shared through text message, email, etc. Offers a customizable interface that enables users to control his privacy settings pertaining to each contact individually. Allows users to make free video calls and voice calls over the internet. Enables users to delete conversations from the recipients' devices. Registration is not required to use this app. Part of Ecole Centrale Paris Incubator. The app is available for iOS and Android. It is free to download.
Key facts about Twinme
- Founded Year: 2013
- Location: Montenegro
- Stage: Unfunded
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 23 of 848 Competitors
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5. Tesla Club
Tesla Club is an app-based ride-hailing platform. The fleet consists of the premium electric limo. Users can find and book the nearby by an available ride by providing location and passenger details. It offers features like in-vehicle wi-fi, free refreshment, door-step service, real-time tracking, and more. The mobile app is available for both Android and iOS devices.
Key facts about Tesla Club
- Founded Year: 2019
- Location: Podgorica (Montenegro)
- Stage: Unfunded
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 1 of 2 Competitors