/Companies

Bia

Bogota, CO · Founded 2022 · Incorporated in Cayman Islands · 245 employees on LinkedIn · 11 known investors

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Bia is a technology-driven electricity retailer in Colombia that lets businesses switch their energy provider and replace traditional meters with its proprietary BiaMonitor smart meter. Its web and mobile platform offers real-time consumption monitoring, AI-based optimization, consolidated billing, renewable energy certificates, and analytics for corporate energy management.

Founders & leadership

Bia was founded in 2022 by Sebastian Ruales.

SRSebastian Ruales
Sebastian RualesCEO & Co-FounderSebastian Ruales is the founder of Bia, an electricity retailer in Colombia offering smart metering and energy management technology. He previously led revenue at Rappi and co-founded Opera Ventures, an investment firm backing startups across Latin America.
GP
Guillermo Plaza RocheNamed on SEC filing
LV
Leonardo Velazquez FlorezNamed on SEC filing
JS
Juan Sebastian Ruales DuqueNamed on SEC filing
JEJaime E. Zunzunegui
Jaime E. ZunzuneguiNamed on SEC filingPartner at Nazca

Board

NBNicolas Berman
Nicolas BermanBoard MemberPartner at Kaszek Ventures

Investors · 11

Reported raises · per SEC filings

Form D private placements

$22.1M disclosed across 1 round · 2023

▶$22.1MraisedOct 2023 · 29 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Guillermo Plaza RocheDirector
  • Leonardo Velazquez FlorezDirector
  • Nicolas BermanDirector
  • Juan Sebastian Ruales DuqueDirector
  • Jaime E. ZunzuneguiDirector
Offering amount
$22.1M
Amount sold
$22.1M
First sale
Sep 2023
Incorporated
Other, Cayman Islands, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does Bia do?
Bia is a technology-driven electricity retailer in Colombia that lets businesses switch their energy provider and replace traditional meters with its proprietary BiaMonitor smart meter. Its web and mobile platform offers real-time consumption monitoring, AI-based optimization, consolidated billing, renewable energy certificates, and analytics for corporate energy management.
Who founded Bia?
Bia was founded by Sebastian Ruales in 2022.
Who are Bia's investors?
Bia's investors include RA Capital, BBVA SPARK, IDB Lab, Kaszek Ventures, Marathon Ventures, Nazca, Norte Ventures, Opera Ventures and 3 more.
How much funding has Bia raised?
Bia has disclosed $22.1M raised across 1 round.
Where is Bia headquartered?
Bia is headquartered in Bogota, CO.