Andela, the African company building teams of talented engineers from the continent and placing them with companies who need their services, announced in January that they had completed a $100 million Series D round. Generation Investment Management led the round, which saw return investments from the Chan Zuckerberg Initiative, GV, Spark Capital and CRE Venture Capital. Amounts were undisclosed.
Andela was founded in 2014 to solve an increasingly prescient problem – the dearth of strong, accessible engineering talent relative to demand. Jeremy Johnson, the company’s co-founder and CEO, wrote in a post announcing the funding round that great engineers “[create] leverage for companies and countries” and that, despite popular thought, “there are more great developers outside a 20-mile radius from your office than inside (yes, even you, Silicon Valley).” The company helps identify and develop that talent through facilities in Kampala, Kigali, Lagos, and Nairobi, then matches trainees to companies in need of their services.
Generation Investment Management is not the first to believe that Andela will maintain its firm upwards trajectory – the company had already raised almost $80 million in previous rounds. “We believe Andela is a transformational model to develop software engineers and deploy them at scale into the future enterprise,” says co-head of growth equity Lilly Wollman.
The additional $100 million in funds enables Andela to further develop their platform while doubling in size, adding to their stable of more than 1,100 developers and 200-plus paying customers. “It’s increasingly clear that the future of work will be distributed, in part due to the severe shortage of engineering talent,” Johnson told Techcrunch. “Given our access to incredible talent across Africa, as well as what we’ve learned from scaling hundreds of engineering teams around the world, Andela is able to provide the talent and the technology to power high-performing teams and help companies adopt the distributed model faster.”
In four years, Andela “has evolved from a source of technical talent to a full cycle talent partner,” – a shining example of Africa’s immense potential for technology investors. There are more engineers yet to be unearthed, and the continent and its talent stands to make an even greater future impact.