Colombian B2B Smart-energy provider, Bia Energy, secured $8.5M in a bridge round led by climate-focused investors RA Capital Planetary Health, and IDB Lab. This round comes after Bia Energy’s credit line in September 2024.
Bia Energy uses smart meters to help businesses track energy use, optimize consumption, and reduce carbon emissions.
With the funding, Bia Energy plans to enhance its machine learning capabilities and expand operations across Colombia. The investment also provides financial support to purchase energy contracts and secures guarantees for energy sales.
Bia Energy has raised $31M in total funding. The energy startup generates $8M in monthly revenue and serves over 3K businesses, including Coca-Cola Femsa and Falabella.
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