Ecuador-based Databits Raises $600K in Pre-Seed Funding for Data Science

Online education platform Databits, based in Ecuador, has secured $600,000 in a pre-seed funding round focused on data science and AI education. The funding came from a consortium of institutional investors and family offices based in Latin America and the United States, including prominent names like 500 LatAm and BVC. Founded in 2019 by Fernanda Aldrette and Fernanda Huilca, Databits offers a range of individual courses and comprehensive programs aimed at tackling technical and business challenges in various sectors such as banking and retail. The company has demonstrated strong growth with a 35% monthly growth rate and an 88% customer recurrence rate, and it plans to expand its user base by 5,000 over the next year while solidifying its presence in key Latin American markets.