October 11, 2017 IBOMLLC Team

Andela raises $40 million in Series C Funding

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Launched in 2014, Andela delivers to companies high-performing software engineering teams to tackle challenges unique to those companies. Andela does so by putting a strong platform for encouraging the development and growth of talented software engineers.

Andela has set up base operations in Nairobi, Lagos, and Kampala where it has hired some 500 top notch developers who work with global brands including Viacom, MasterCard, GitHub, and Gusto among others.

The company yesterday made the announcement that it has secured $40 million in Series C funding. The fund was raised from a number of venture firms including Salesforce Ventures, TLcom Capital, CRE Venture Capital, and Amplo. This new list of VCs joined already existing investors list that includes the Chan Zuckerberg Initiative, Spark Capital, and GV.

Andela Series C funding marks one of the biggest investments made by an African venture firm towards and African-based company. This round of funding also brings Andela’s net worth funding to a little over $80 million.

Andela says the fund will go towards its expansion drive; the company says it has plans to set up two additional new offices across two more countries …read more

Read more here:: Andela raises $40 million in Series C Funding



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