How Much Did Andela Raise? Headquarters, Funding & Key Investors

Andela has raised a total of $381 million across multiple rounds, including a $200 million Series E led by SoftBank Vision Fund 2, which valued the company at $1.5 billion in September 2021. Earlier rounds saw participation from Generation Investment Management, Chan Zuckerberg Initiative, Spark Capital, and CRE Venture Capital. Founded in 2014, Andela built the world’s largest private marketplace for vetted remote tech talent. Its platform connects skilled developers from over 80 countries with top global employers, simplifying compliance, payroll, and talent management at scale.

How Much Did Andela Raise? Funding & Key Investors

Andela is a global HRTech company revolutionizing how organizations hire and manage remote technical talent. The platform enables candidates to learn, upskill, and join a curated network of engineers while helping companies source, assess, and hire seamlessly. Founded in 2014 in New York by Brice Nkengsa, Christina Sass, Ian Carnevale, Iyinoluwa Aboyeji, Jeremy Johnson, and Nadayar Enegesi, Andela employs 193 people and operates an AI-powered matching engine that efficiently bridges global talent gaps.

What Is Andela, and What Does It Do?

Andela was founded in 2014 in New York City by Brice Nkengsa, Christina Sass, Ian Carnevale, Iyinoluwa Aboyeji, Jeremy Johnson, and Nadayar Enegesi. Andela connects businesses with vetted, remote engineers from emerging markets.

With a team of 193 employees, it provides end-to-end hiring solutions, sourcing, matching, payroll, and compliance through an intelligent digital platform. Andela serves as a critical bridge for enterprises seeking on-demand engineering talent while empowering developers worldwide to access global opportunities.

How Much Funding Has Andela Raised?

*Seed Round* • Amount Raised: $5.8 K
• Date: May 2014
• Motivation: Validate business model and build an initial engineering team.
*Seed Round* • Amount Raised: $3 M
• Date: September 2014
• Motivation: Scale the platform and expand across Africa.
*Series A* • Amount Raised: $14 M
• Date: June 2015
• Lead Investors: Spark Capital
• Motivation: Accelerate growth and strengthen technical infrastructure.
*Series B* • Amount Raised: $24 M
• Date: June 2016
• Lead Investors: Chan Zuckerberg Initiative
• Motivation: Grow the developer community and enhance learning programs.
*Series C* • Amount Raised: $40 M
• Date: October 2017
• Lead Investors: CRE Venture Capital
• Motivation: Scale global operations and improve matching algorithms.
*Series D* • Amount Raised: $100 M
• Date: January 2019
• Lead Investors: Generation Investment Management
• Motivation: Expand globally and diversify service offerings.
*Series E* • Amount Raised: $200 M
• Date: September 2021
• Lead Investors: SoftBank Vision Fund 2
• Motivation: Develop global-hiring products and broaden talent beyond software.

Total Funding Raised: $381 Million

Current Valuation: $1.5 Billion (as of Sep 2021)

Latest Funding Date: September 2021

Key Investors

*SoftBank Vision Fund 2* • Details: Managed by SoftBank Investment Advisers, backing transformative tech companies.
• Investment Focus Areas: Technology, AI, robotics, telecommunications.
• Notable Investments: Uber, WeWork, DoorDash.
*Generation Investment Management* • Details: Sustainable investment firm co-founded by Al Gore, emphasizing long-term responsible growth.
• Investment Focus Areas: Sustainability, environmental impact, global growth.
• Notable Investments: Asana, DocuSign.
*Chan Zuckerberg Initiative* • Details: Philanthropic organization founded by Mark Zuckerberg and Priscilla Chan.
• Investment Focus Areas: Education, science, social equity.
• Notable Investments: AltSchool, Byju’s.
*Spark Capital* • Details: Venture capital firm investing in high-growth tech startups across sectors.
• Investment Focus Areas: Consumer, commerce, fintech, software, media.
• Notable Investments: Twitter, Oculus, Slack.

Where Is Andela’s Headquarters?

Andela’s headquarters are located in New York City, United States, a prime hub for global technology and startup innovation. Its location provides direct access to international enterprises, venture capital networks, and an extensive pool of digital talent. The company also maintains regional centers across Africa and Europe, enabling efficient collaboration across continents.

What’s Next for Andela?

Andela plans to extend its talent network beyond software development to design, data, and AI roles. Building on its $200 million Series E funding and $1.5 billion valuation, the company aims to become the leading global platform for remote tech teams. Future initiatives include AI-driven skills assessment tools, deeper integration with enterprise HR systems, and expanding its presence in Asia and Latin America.

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