Andela Announces $100m Series D Funding
Andela, the company building distributed engineering teams with Africa’s top software developers, on Thursday, announced the completion of a $100M Series D funding.
The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The most recent financing brings Andela’s total venture funding to $180M.
Andela aims to accelerate the development of its technology platform to identify, develop and match talent at scale and expand its presence across Africa to meet the global demand for high-quality engineering talent with the funding.
“It’s increasingly clear that the future of work will be distributed, in part due to the severe shortage of engineering talent,” says Jeremy Johnson, co-founder and CEO of Andela.
“Given our access to incredible talent across Africa, as well as what we’ve learned from scaling hundreds of engineering teams around the world, Andela is able to provide the talent and the technology to power high-performing teams and help companies adopt the distributed model faster,” Johnson added.
“Andela has been a critical player in Nigeria’s technology revolution,” says Omowale David-Ashiru, Country Director (Nigeria) at Andela.
“Due to our unwavering commitment to our mission throughout the last four years, Andela has grown into a thriving platform for hundreds of technologists in Nigeria. With this investment, Andela will accelerate the development of Africa’s best tech talent in Nigeria and beyond,” Ashiru added.
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