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Andela raises $40m Series C from DBL Partners,TLcom Capital

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Andela raises $40m Series C from DBL Partners,TLcom Capital

Andela, a company builds high-performing engineering teams with Africa’s most talented software developers; today announced that the company has secured $40M in Series C funding. The investment was led by pan-African venture firm CRE Venture Capital with participation from DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital. The round, which brings total venture capital funding to just over $80M.

Previous investors, including the Chan Zuckerberg Initiative, GV, and Spark Capital, also joined in this round of funding. The round brings Andela’s total venture funding to just over $80m.

Andela will use the capital to fast-track its expansion plans which include launching of two additional offices in other African countries. This is aimed at doubling its developer base from 500 to 1,000.

“Andela is investing in our continent’s future technology leaders, who are already playing a much-needed role in solving both African and global problems,” says Seni Sulyman, Country Director of Andela Nigeria. 

Read: BA University Founder Gossy Ukanwoke On Disruption Of Higher Learning In Africa

Andela

The company was launched in 2014 to train African software developers and place them in jobs at some of the world’s top technology firms has office in Lagos, Nigeria, Nairobi, Kenya and Kampala, Uganda to train coders and then put them to work on projects for companies such as Mastercard Labs, Viacom, GitHub, and Gusto.

In addition to recruiting elite development talent, the company is catalyzing the growth of tech ecosystems across the continent by open-sourcing its content and partnering with organizations including Google and Pluralsight to provide resources and mentorship to developers.

The company has hired 500 developers to date from its applicant pool of more than 70,000 candidates.


Image Source: New York Times

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