Bia Energy, a Colombian startup specializing in B2B digital energy solutions, secured up to $10M in a credit line from BBVA Spark.
Bia Energy will use the money to strengthen its technology infrastructure and support its expansion plans.
“Bia is competing in a large market where technological innovation can play a crucial role. This aligns with our goal of providing global services to high-impact companies: businesses with scalable models based on technology and innovation, growing rapidly with the support of recognized investors.” said Eduardo González, Country Manager of BBVA Spark.
Founded in Bogotá in 2022 by Sebastián Ruales, Leonardo Velazquez, and Guillermo Plaza, Bia Energy is a digital solution that enables businesses to streamline their electricity procurement and management, optimizing energy consumption and costs.
Bia Energy serves over 2,500 clients across 134 cities in Colombia, reducing their energy consumption by up to 18% through smart meters and data analysis, and has $8M in monthly revenue. To date, Bia Energy has raised $22.5M and has a team of over 200 people.
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