By Anthony Noto (Reporter, New York Business Journal)
Tech companies are typically based in established hubs, such as San Francisco and New York. In other corners of the globe, such as Africa, aspiring engineers are rarely presented with the opportunity to apply for jobs within those companies.
Andela is looking to change all that.
The New York-based company, known for building distributed engineering teams with Africa’s top software developers, continues to attract investors.
Andela announced Wednesday the completion of a $100 million Series D funding.
The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, the fund formed by Facebook Inc. CEO Mark Zuckerberg and his wife, Priscilla Chan. Google Ventures (GV), Spark Capital, and CRE Venture Capital also participated in the round.
The most recent financing brings Andela’s total venture funding to $180M.
The startup, founded in 2014, aims to connect Africa’s engineering talent with the demand for software developers worldwide. Over the years, Andela has assessed more than 100,000 applicants and hired one thousand software developers.
It then integrates them into hundreds of companies, such as San Francisco-based Cloudflare and New York-based tech companies like InVision and Percolate.
Jeremy Johnson, co-founder and CEO of Andela, praised the funding round:
It’s increasingly clear that the future of work will be distributed, in part due to the severe shortage of engineering talent. 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.
Andela also expects to expand its presence across Africa. It currently has tech campuses in Nigeria, Kenya, Uganda, and Rwanda. In 2017, Fast Company ranked Andela as the most innovative company in Africa.