North Macedonia startup funding
European tech funding profile
6 startups in North Macedonia have closed 7 funding rounds and raised €8.4M in equity funding (excluding debt and grants) and recorded 2 exits. Debt rounds added €108k. Hardware is the most active sector, and Fil Rouge Capital (FRC) is the most active investor. Data as of 4 Nov 2026.
#47 in Europe by equity raised — 0.0% of all European startup equity funding.
Equity funding
€8.4M
excl. debt & grants · +€108k debt
Funding rounds
7
Companies
6
Named investors
8
Exits
2
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsNorth Macedonia — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2015 | €0 | 1 |
| 2016 | €201k | 3 |
| 2022 | €2.0M | 1 |
| 2024 | €6.2M | 1 |
Fastest growing sectors
2025 vs 2024 by € raisedNot enough 2024–2025 data to rank growth.
Top sectors
by deal countNorth Macedonia — top sectors — interactive chart.
Data table
| North Macedonia — top sectors | |
|---|---|
| Hardware | 3 |
| Fintech | 2 |
| Software | 1 |
| Travel | 1 |
Stage mix
by € raisedNorth Macedonia — stage mix — interactive chart.
Data table
| North Macedonia — stage mix | |
|---|---|
| Other | €8.2M |
| Seed | €201k |
| Grant | €134k |
| Debt | €108k |
Top deals
largest disclosed rounds| Company | Stage | Date | Amount |
|---|---|---|---|
| Native Teams | Other | May 2024 | €6.2M |
| Native Teams | Other | Sep 2022 | €2.0M |
| Fueloyal Technology | Grant | Sep 2015 | €134k |
| Fueloyal Technology | Debt | Sep 2016 | €108k |
| Fueloyal Technology | Seed | Jan 2016 | €101k |
| Letz | Seed | Aug 2016 | €100k |
Top investors
named, by deal count| Fil Rouge Capital (FRC) | 2 |
| Eleven Ventures | 2 |
| MFG Invest | 1 |
| Quake Capital | 1 |
| South Central Ventures | 1 |
| Begin Capital | 1 |
| Techstars | 1 |
| Haatch | 1 |
Top cities
by € raised| Skopje | €8.6M | 7 |