Andela secures $100m Series-D round led by Generation Investment Management

Andela — a New York-based company that identifies, develops and outsources talented African software developers — has secured a $100-million Series-D funding round led by London-based private equity firm Generation Investment Management.

Andela‘s previous investors Spark Capital, GV (Alphabet’s venture capital arm), CRE Venture Capital and the Chan Zuckerberg Initiative also participated in the round which brings the firm’s total venture funding to $180-million.

The company was founded in 2014 by Kenyan Brice Steven Nkengsa, Nigerians Iyinoluwa Aboyeji and Nadayar Enegesi as well as Americans Christina Sass and Jeremy Johnson and Canadian Ian Carnevale.

In a statement today (23 January), the company said it will use the funding to accelerate the development of its tech platform to identify, develop and match talent at scale.

Andela will use the funding to boost development of its tech platform and to expand its presence across Africa

Andela added that it will also expand its presence across Africa so as to meet global demand for high-quality talent.

Andela vice president for global operations Seni Sulyman (pictured above) said in the same statement, that the company — which has offices in Lagos, Nairobi, Kampala and Kigali — has played a “major role” in catalysing the growth of Africa’s tech sector over the past four years.

“To date, we have developed more than one thousand of Africa’s current and future technology leaders. This round of funding will help Andela accelerate our mission to advance human potential by powering today’s teams and investing in tomorrow’s leaders,” he said.

Andela stated that this year, it expects to double in size, with plans to hire 1000 software developers and “invest heavily” in data, engineering and product development.

Read more: Andela’s VP global operations on why Kigali is strategic location for tech hub
Read more: Andela partners with Rwandan govt to launch pan-African tech hub in Kigali
Read more: Andela receives US$24-million investment from Chan Zuckerberg Initiative

Featured image: Andela vice president for global operations Seni Sulyman (Supplied)