African Outsourcing Startup Andela Secures $100 Million From Al Gore Led VC

Andela will use the funding to accelerate the development of its technology platform to identify, develop and match talent at scale.

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Andela_Lagos
Andela_Lagos

Andela,  Africa’s top software developer training and outsourcing company, today announced the completion of a $100 million Series D funding.

The funding round was led by Generation Investment Management, an investment firm co-founded by former US vice president Al Gore, with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital.

This brings the total venture funding raised by Andela to $180 million.

Andela was founded in 2014 to connect Africa’s engineering talent with the demand for software developers worldwide. In four years, Andela has assessed more than one hundred thousand applicants, hired one thousand software developers, and integrated them into hundreds of companies, such as Safaricom, Percolate, and InVision.

Andela will use the funding to accelerate the development of its technology platform to identify, develop and match talent at scale.

By doing so, Andela will provide its customers with the data they need to understand developer performance and better manage distributed teams. The company will also expand its presence across Africa to meet the global demand for high-quality engineering talent.

“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.”

With tech campuses in Nigeria, Kenya, Uganda, and Rwanda, Andela has been recognized as “The Best Place to Work in Africa.”

In 2018, The Wall Street Journal named Andela as one of the twenty-five technology company to watch, and the year prior, Fast Company ranked Andela as the most innovative company in Africa.

In 2019, Andela is projected to double in size, hiring another one thousand software developers and investing heavily in data, engineering, and product development.

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