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ubits.com

Founded Year

2013

Stage

Series B | Alive

Total Raised

$32.13M

Last Raised

$25M | 4 mos ago

Mosaic Score

+110 points in the past 30 days

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The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About UBITS

UBITS is an online corporate training platform that helps reduce training times and costs, increases coverage, and guarantees knowledge retention for teachers.

UBITS Headquarter Location

Calle 107a # 8-62

Bogota,

Colombia

+57 310 3040154

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Research containing UBITS

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CB Insights Intelligence Analysts have mentioned UBITS in 1 CB Insights research brief, most recently on Sep 29, 2021.

Expert Collections containing UBITS

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UBITS is included in 1 Expert Collection, including Education Technology (Edtech).

E

Education Technology (Edtech)

2,459 items

Latest UBITS News

VC investments in LAC edtechs have more than tripled between 2020 and 2021

May 4, 2022

UPDATED 11:40 BRT A new report by HolonIQ, a market-intelligence firm that monitors the global education industry, and IDB Lab, Inter-American Development Bank’s innovation laboratory, shows that the Latin America and the Caribbean ecosystem has grown to more than 1,500 edtech companies over the last ten years, attracting $1.07 billion in investments through 500 fundraising rounds. The report not only paints a comprehensive portrait of the edtech landscape in LAC but brings 24 case studies showing how the startups are overcoming the challenges in the region, including the Colombia -based UBITS , the Brazilian Descomplica , and the Mexican Platzi , among others. The pandemic has aggravated LAC’s learning crisis and ‘access gap’ while also accelerating the ecosystem development — the need is huge, hence the opportunities. VC investments in LAC edtechs have more than tripled between 2020 and 2021. Only last year, investors poured $500 million into the region’s edtechs (six times the average registered in the previous five years). Although impressive for the region’s trajectory so far, the volume of venture capital investments is still a tiny part (about 2%) of the investments flowing globally to edtechs. Also according to HolonIQ, this volume reached $20.8 bln last year worldwide in 2021, and India became the number one market for edtechs. “Our momentum funding scenario suggests we could see up to $150 billion of VC deployed this decade, with the assumption that the ‘COVID- fuelled’ investment surge moderates and the underlying momentum continues at sustainable investment rates,” says the report. In the last five years, the more significant portion of the investments went to the workforce category (55%) — something in line with global trends in education since companies are more inclined to invest in fulfilling the skills gap. On the other hand, there is little attention to edtech startups in the Pre-K (early childhood) segment — they attracted only 6% of the rounds in the last five years, while 26% went to K12-focused edtechs, 12.5% to higher education startups. In HolonIQ and IDB Lab evaluation, K12 will be the next fastest-growing category of edtechs in LAC. “However investment in EdTech in K12 is not consistent across geographies and is particularly difficult for those countries or regions with lower internet connectivity,” says the report, highlighting that 51% of children in the region can’t read proficiently by late primary age.

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UBITS Rank

  • When was UBITS founded?

    UBITS was founded in 2013.

  • Where is UBITS's headquarters?

    UBITS's headquarters is located at Calle 107a # 8-62, Bogota.

  • What is UBITS's latest funding round?

    UBITS's latest funding round is Series B.

  • How much did UBITS raise?

    UBITS raised a total of $32.13M.

  • Who are the investors of UBITS?

    Investors of UBITS include Stanford Social Impact Venture Capital Fund, Owl Ventures, Salkantay Ventures, Amador Holdings, Roble Ventures and 9 more.

  • Who are UBITS's competitors?

    Competitors of UBITS include Udemy and 8 more.

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