African Software Company Andela Secures $100 Million Series D
Andela, a company building distributed engineering teams with Africa’s software developers, completed a $100 million Series D funding round led by Generation Investment Management, with participation from existing investors Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The most recent financing brings Andela’s total venture funding to $180 million.
Andela was founded in 2014 to connect Africa’s engineering talent with the demand for software developers worldwide. According to the company, in four years, Andela has assessed one hundred thousand applicants, hired one thousand software developers, and integrated them into companies such as Cloudflare, Percolate, and InVision.
Andela plans to use the funds to accelerate the development of its technology platform to identify, develop, and match talent at scale and provide its customers with the data they need to understand developer performance and better manage distributed teams. The company also plans to expand its presence across Africa.