UBITS’ $25 Million Series B Financing

Gunderson Dettmer represented UBITS on the deal.

UBITS, a Colombia-based B2B online learning platform, announced its $25 million Series B financing led by Riverwood Capital. UBITS offers companies an annual subscription that gives employees unlimited access to a virtual content library and live sessions for corporate training and opportunities for skill development. The new capital will enable the company to include and build out new content, courses, and AI-based functionalities to its platform, scale company hiring, and expand across Spanish-speaking markets.

The Gunderson deal team was led by Dan Green (Picture) and included Jenna Finegold, Eduardo Espinosa de los Monteros Pereda and MJ Brinton, with additional support from Cameron Jahansouz.

Involved fees earner: Eduardo Espinosa de los Monteros Pereda – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Jenna Finegold – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Daniel Green – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Cameron Jahansouz – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Clients: UBITS;

Martina Bellini

Author: Martina Bellini