Andela secures $100m Series-D round

Andela secures $100m Series-D round

by Marcelle Djaha

Andela — a New York-based company that identifies, develops and outsources talented African software developers — has secured a $100-million Series-D funding round led by London-based private equity firm Generation Investment Management.

Andela‘s previous investors Spark Capital, GV (Alphabet’s venture capital arm), CRE Venture Capital and the Chan Zuckerberg Initiative also participated in the round which brings the firm’s total venture funding to $180-million.

The company was founded in 2014 by Kenyan Brice Steven Nkengsa, Nigerians Iyinoluwa Aboyeji and Nadayar Enegesi as well as Americans Christina SassJeremy Johnson and Canadian Ian Carnevale.

In a recent statement, the company said it will use the funding to accelerate the development of its tech platform to identify, develop and match talent at scale. Andela added that it will also expand its presence across Africa so as to meet global demand for high-quality talent.

Andela vice president for global operations Seni Sulyman said in the same statement, that the company — which has offices in Lagos, Nairobi, Kampala and Kigali — has played a “major role” in catalysing the growth of Africa’s tech sector over the past four years.

To date, we have developed more than one thousand of Africa’s current and future technology leaders. This round of funding will help Andela accelerate our mission to advance human potential by powering today’s teams and investing in tomorrow’s leaders,  he said.

Andela stated that this year, it expects to double in size, with plans to hire 1000 software developers and “invest heavily” in data, engineering and product development.





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