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 1 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.

Bia

Bogota, CO · Founded 2022 · Incorporated in Cayman Islands · 245 employees on LinkedIn · 9 known investors

Find your way into Bia

313 people in our graph share verified history with the Bia team — schools, employers, funds. One of them is your warm intro.

Coen Armstrongunlockedknows Sebastian Ruales · together at 8VC (overlapped)

×11knows the team · via 8VC

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.

Cleantech Energy IoT

Founders & leadership

Bia was founded in 2022 by Sebastian Ruales.

Sebastian Ruales inCEO & 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.

Guillermo Plaza RocheNamed on SEC filing

Leonardo Velazquez FlorezNamed on SEC filing

Juan Sebastian Ruales DuqueNamed on SEC filing

Jaime E. ZunzuneguiNamed on SEC filing

Board

Nicolas Berman in 𝕏Board MemberPartner at Kaszek Ventures

Investors · 9

RA Capital✓ verifiedBoston

BBVA SPARK✓ verified

IDB Lab✓ verifiedWashington, D.C.

Kaszek VenturesMontevideovia Nicolas Berman · board

Marathon Ventures

NazcaMexico City

Norte VenturesSao Paulo-Sp

Opera VenturesMexico City · $100K – $1M

Sunna VenturesSantiago

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.

In the news

Bia Analytical raises £570,000 seed funding in fight to stop food fraud - Bia Analyticalbia-analytical.com · Aug 2020

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 1 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.