How many companies are there in North Macedonia?

As of Aug 2026, there are 681 companies in North Macedonia.

How many companies in North Macedonia have received funding?

As of Aug 2026, a total of 121 companies in North Macedonia have secured funding.

Who are the top investors in North Macedonia?

Europa is the top investor in companies in North Macedonia, participating in 262 funding rounds, followed by U.S. Department of State (9) and EBRD (5).

How many acquisitions have taken place in North Macedonia?

As of Aug 2026, North Macedonia has seen a total of 11 acquisitions.

Startups in North Macedonia - 2026 Latest Funding Rounds, Trends and News

Most viewed in 2019

North Macedonia has over 681 startups across the country. Of these, 121 are funded companies that have collectively raised $120M in venture capital and private equity. A total of 26 investors have participated in 297 funding rounds. In the last five years, 81 new companies have been founded, raising over $20K in funding. Startups in North Macedonia have witnessed 10 acquisitions and 11 IPOs, while 95 startups wrapped up operations. Additionally, 15 companies have been founded by women.

Key Metrics

Total Companies

681

Top Companies

A1 Makedonija, Euromax Resources & 3 more

Total Funding

$120M

Funded Companies

121

IPOs

Acquisitions

View complete details of startups in North Macedonia

A1 Makedonija is the top company in North Macedonia, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in North Macedonia:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
A1 Makedonija	Mobile network operator and internet service provider	Skopje (North Macedonia)	2015	Unfunded	-
Euromax Resources	Mining and exploration company focused on copper and gold deposits	Skopje (North Macedonia)	2004	Public	-
Sparkase Bank AD Skopje	Commercial bank	Skopje (North Macedonia)	1992	Unfunded	-
Nlb bank	Commercial bank	Skopje (North Macedonia)	2012	Funding Raised	-
FURIOUS AVOCADO	Developer of casual mobile games	Skopje (North Macedonia)	2019	Unfunded	-

Get a longer list of companies

In the year 2026, till April 2026, $1.2M has been raised in 1 equity funding round across North Macedonia.

Here are some recent, important funding rounds in North Macedonia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Triglav Penzisko	Seed	5722	Apr 17, 2026	-
EarthCare	Seed	4078	2023	Techstars
Howitzer	Seed	8782	2021	Day One Capital and 2 more
razgovor.mk	Seed	3104	2021	Startup Wise Guys
Sia Soft	Seed	8360	Feb 02, 2020	Techstars

See a more detailed list of funding rounds

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680+ Total Companies
$120M+ Total Funding
120+ Funded Companies
10+ IPOs
5+ Acquisitions

Europa is the top investor in companies of North Macedonia based on number of companies invested.

Here are some top investors in North Macedonia:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Zlatna Kniga, NextSense and AgFutura
U.S. Department of State	Washington (United States)	Lokomotiva, Youth Alliance Krusevo and Skopje Jazz Fest
EBRD	London (United Kingdom)	Euromax Resources, Nlb bank and FitKit
Galena Asset Management	Geneva (Switzerland)	Euromax Resources
USAID	Washington, DC (United States)	NGO Infocenter, Ceed Macedonia and Business Start Up Centre Bitola

See a more detailed list of investors

In the year 2024, till May 2024, 2 acquisitions happened in North Macedonia. Last year, in 2023, a total of 1 acquisition happened in North Macedonia.

Here are some recent, important acquisitions in North Macedonia:

Company	Acquisition Type	Acquisition Date	Acquirers
ITgma	Business Acquisition	May 02, 2024	Modirum
Interactive Creation	Business Acquisition	Feb 20, 2024	Magic Media
Vrabotuvanje.com	Business Acquisition	Jun 07, 2023	Alma Media
Total TV	Business Acquisition	Dec 02, 2022	Telemach Croatia
Vebspot	Acqui-Hired	Oct 10, 2022	Ananas