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Andela Announces $200M Investment Led By Softbank

09/29/21, 11:02 AM

Money raised

$200 million

Industry

professional services

other

data and analytics

software

commerce and shopping

Andela, the global network for remote engineering talent, today announced $200 million in Series E financing that values the company at $1.5 billion.

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Company Info

Company

Andela

Additional Info

Andela is a global talent network that connects companies with vetted, remote engineers in emerging markets. Hundreds of leading companies like GitHub, Cloudflare, and ViacomCBS leverage Andela to scale their engineering teams quickly and cost-effectively. A distributed organization spanning six continents, Andela is backed by investors including Generation Investment Management, Chan Zuckerberg Initiative, Spark Capital, and Google Ventures. *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 ("SVF 2") in certain portfolio companies. The information included herein is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests in any fund, including SVF 2. SVF 2 has yet to have an external close, and any potential third-party investors shall receive additional information related to any SVF 2 investments prior to closing.

Company news

Tue, 14 Jan 2025 08:00:00 GMT

Andela Joins the AWS Partner Network to Unlock Growth Opportunities for Andela's Talent Marketplace - PR Newswire

Tue, 17 Sep 2019 07:00:00 GMT

Africa-focused Andela cuts 400 staff as it confirms $50M in revenue - TechCrunch

Sun, 18 Jun 2017 07:00:00 GMT

The future of tech is in 'cities across Africa,' says start-up CEO - CNBC

Sat, 05 May 2018 07:00:00 GMT

Andela, one of Africa's top tech startups, has local -- and global -- impact - CBS News

Mon, 11 Feb 2019 08:00:00 GMT

Andela will use AI to pair African developers with high-growth startups - VentureBeat

Wed, 24 Jun 2015 07:00:00 GMT

The startup that’s harder to get into than Harvard - CNN

Wed, 18 Sep 2019 07:00:00 GMT

What Andela’s big change in business model and layoffs mean for Africa’s tech ecosystems - qz.com

Wed, 29 Sep 2021 07:00:00 GMT

Andela, Which Helps Companies Hire Remote Tech Staff, Raises $200 Million In New Funding Led By SoftBank - Forbes

Wed, 23 Jan 2019 08:00:00 GMT

Al Gore’s Firm Leads $100 Million Investment in African Outsourcing Startup - Bloomberg.com

Tue, 10 Oct 2017 07:00:00 GMT

Start-Up Bets on Tech Talent Pipeline From Africa (Published 2017) - The New York Times

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Trends

	Raised	Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.
software	$14.1 B	-51.9%
other	$1.3 B	-55.2%
data and analytics	$57.1 M	-97.5%
professional services	$20.8 M	-86.5%