Home Andela announces $100m Series D Funding

Andela announces $100m Series D Funding

Andela, an African company that identifies and grows Africa’s most talented software developers to help companies scale with high-performing teams, announced on Thursday, the completion of a $100M Series D funding.

The round was led by Generation Investment Management with participation from existing investors like GV, Chan Zuckerberg Initiative, Spark Capital, and CRE Venture Capital. This 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.

Jeremy Johnson, CEO and co-founder of Andela said “it’s increasingly clear that the future of work will be distributed, in part due to the severe shortage of engineering talent”.

He also added that “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”.

Country Director (Nigeria) at Andela, Omowale David-Ashiru stated that “Andela has been a critical player in Nigeria’s technology revolution.

“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”.

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