Andela Raises Another $100 Million

  • Andela Raises Another $100 Million

Andela, one of Africa’s leading start-ups, has raised another $100 million in a round led by Generation Investment.

Andela, which was founded in 2014 and has operations in both the US and Africa, is a for-profit group that recruits and trains young people across the continent to become software developers, before hiring them out to clients such as Google and Microsoft.

The latest Series D funding round brings its total amount raised to $180m.

Jeremy Johnson, the company’s chief executive and co-founder, said it would use the most recent cash injection to expand the business and improve its internal data tools to allow clients to better track and manage remote workers.

“The biggest push right now is around continuing to build out and basically leverage the data and systems that we’ve built for our internal purposes to allow our partners to use them as well to manage and support their teams,” said Mr Johnson, who is based in New York. “The core idea is that as you’re better able to quantify what a person does, the less you care about where they are.”

Mr Johnson said the company hopes to be at the forefront of developing systems for managing distributed workforces. Software development is a natural fit, he said, because Andela’s tools allow it to track precisely how efficient and productive its developers are.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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