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Andela Announces $200M Investment Led By Softbank

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.

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.