Fundz

Andela Announces $200M Investment Led By Softbank

PRIVATESep 29, 2021

Amount Raised

$200 Million

Round Type

Venture

New YorkOtherInformation TechnologyCommerce and ShoppingProfessional ServicesSoftwareData And AnalyticsCommerce And ShoppingConsulting

Description

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 Information

Company

Andela

Location

580 FIFTH AVENUE

New York, New York, United States

About

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.

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