NAIROBI, Kenya, Jan 24 – Tech company Andela has raised $100m (Sh10b) in funding led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital.
The latest round of funding, which brings Andela’s total venture funding to $180m (Sh18 billion), will allow the company to train more African software developers.
The company, which was founded in 2014, 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.
The pan-African company will use the funding to expand its presence across Africa beyond its tech campuses in Nigeria, Kenya, Uganda, and Rwanda, 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,” said 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.”
Andela Kenya Country Director Joshua Mwaniki said that the funding enables the company to continue scaling and innovating.
“In four years, Andela has integrated Kenyan technologists with hundreds of leading engineering teams around the world. This latest round of funding enables us to continue scaling and innovating with technology, whilst also helping define Africa’s future in the tech landscape,” said Mwaniki.