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UBITS snags $25M to create ‘the Netflix for corporate training’ in LatAm

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UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital.
Julián Melo and Marta Forero founded UBITS in Bogota, Colombia, in 2018 after the pair came up with the idea of “creating the Netflix for corporate training for LatAm.” They applied to Y Combinator, raised a seed round and went back to Colombia to create a program and courses that launched in January 2019.
“In the beginning, we had 30 to 40 courses and the technology was not that good,” Melo admits. “Today, we have over 750 courses, which we believe is the largest catalog of corporate training available …

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