Andela receives $40M Funding from CRE Venture Capital

Andela, a company that assists other companies by providing them with top tier engineering teams through tapping Africa’s most talented software developers announced that it had received a $40 million Series C funding from CRE Venture Capital with participation from DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital.  Andela was formed in 2014 with a vision of building a network of technology leaders on the African continent bridging the divide between the U.S and African tech sectors.

The company provides high-performing engineering teams with Africa’s top developers to help companies overcome the tech talent shortage and build better products, faster. Andela currently has offices in Nairobi, Lagos and New York City. Over a span of three years, Andela has grown to nearly 800 people across four countries. The company mentions that it has received more than 70,000 applicants and has only accepted the top 0.7%  around 500 developers to date  and more than 100 of the world’s leading tech companies depend on Andela developers from Nigeria, Kenya, and Uganda.

Andela intends to use the funds raised in expanding to other African countries over the next year, doubling its developer base from 500 to 1,000 to meet the growing demand.

Pule Taukobong of CRE Venture Capital, Julia Gillard, former Australian Prime Minister and Amplo Board Partner, and Omobola Johnson, Senior Partner at TLcom and former Minister of Communication Technology in Nigeria, will be joining Andela’s board of directors.

Source: Techweez, NY Times