# UBITS Learning Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ubits-learning-solutions-s-a-s

- Industry: Internet
- Headquarters: Bogota, Colombia
- Website: www.ubits.com
- Total disclosed funding: $32M
- Latest round: Series B (Jan 13, 2022)
- Investors on record: 10

## About

UBITS Learning Solutions S.A.S. specializes in providing innovative software solutions for Human Resources management, focusing on the enhancement of talent development within organizations in Latin America.Founded in 2013 and headquartered in Bogota, Colombia, UBITS Learning Solutions S.A.S. offers comprehensive HR software solutions to optimize talent development. The company has secured a total of 6 deals, with the most recent funding round being a Series B in January 2022, raising USD 25 mn led by Riverwood Capital alongside investors like Endeavor Catalyst and Owl Ventures. The founders, Julián Melo and Martha Sepúlveda, bring valuable experience to the company, with Melo also serving as CEO.UBITS provides an all-in-one software solution tailored for Human Resources management, including modules for training management, performance evaluation, talent diagnostics, and employee surveys. Their Learning Management System (LMS) enables organizations to create customized training programs and access a library of over 14,000 educational resources from renowned institutions. With over 1,000 HR teams across Latin America utilizing its services, UBITS addresses corporate training and talent development needs effectively.In 2023, UBITS generated a revenue of USD 3,664,362, with an EBITDA of USD -2,775,226. The company operates on a subscription-based model, allowing clients to access various HR functions based on their organizational needs.Following its Series B funding in January 2022, UBITS plans to utilize the USD 25 mn raised to launch its online learning platform in Spain and expand into other Spanish-speaking markets. Additionally, the company aims to strengthen its presence in Colombia, Mexico, Chile, and Peru, capitalizing on the growing demand for HR software solutions in these regions.

## Funding rounds

- Series B, Jan 13, 2022, $25M — Riverwood Capital, Endeavor Catalyst, OWL Ventures, Salkantay Ventures, Amador Holdings, Roble Ventures
- Series A, Jun 1, 2021, $5M — OWL Ventures, Salkantay Ventures, Amador Holdings
- Seed, Apr 1, 2019, $0.5M — Venture Catalysts
- Seed, Oct 25, 2018, $2M — S28 Capital
- Seed, Apr 4, 2018 — Y Combinator, GE32 Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- GE32 Capital — Seed
- S28 Capital (https://capitalatlas.ai/funds/s28-capital) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series A, Series B
- Salkantay Ventures (https://capitalatlas.ai/funds/salkantay-ventures) — Series A, Series B
- Amador Holdings (https://capitalatlas.ai/funds/amador-holdings) — Series A, Series B
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Roble Ventures (https://capitalatlas.ai/funds/roble-ventures) — Series B