# Andela

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/andela

- Industry: Software
- Headquarters: New York, US
- Website: www.andela.com
- Total disclosed funding: $271M
- Latest round: Series E (Sep 29, 2021)
- Investors on record: 35

## About

Founded in 2014 and based in New York, US, Andela Inc. operates as a talent network that helps companies build remote engineering teams. The firm was founded by Brice Steven Nkengsa, Christina Sass, Ian Carnevale, Iyinoluwa Aboyeji, Jeremy Johnson and Nadayar Enegesi. In September 2021, Andela Inc. raised USD 200 million in series E funding led by returning investor SB Investment Advisers, with participation from other returning investors Chan Zuckerberg Initiative, Generation Investment Management, and Spark Capital, post which the company got valued at USD 1.5 billion. As of 2021, the company operates in more than 80 countries and has clients including  GitHub, Cloudflare and ViacomCBS.

Andela Inc. trains software engineers for coding using different tools and analytics and deploys them to companies that need engineers for their business operations. The firm enables businesses to find matches of talents they needed and review shortlisted candidates before onboarding.

As of 2019, the company's annual revenue rate is USD 50 million.

As of 2021, the firm plans for global expansion by increasing its operations from 80 to 100 countries including the regions of Latin and South America by the end of 2021. The company also plans to use the new capital to expand the company's workforce, product development, and engineering.

## Funding rounds

- Series E, Sep 29, 2021, $93M — Spark Capital, Generation Investment Management, Whale Rock Capital Partners, Chan Zuckerberg Initiative, SB Investment Advisers
- Series D, Dec 3, 2018, $100M — PGIM, Spark Capital, TLcom Capital, Generation Investment Management, DBL Partners, GV, Mark Ventures, Salesforce Ventures, Chan Zuckerberg Initiative, CRE, Social Impact Capital, Highline BETA, Serena Ventures
- Series C, Oct 12, 2017, $40M — Spark Capital, TLcom Capital, DBL Partners, GV, Salesforce Ventures, Chan Zuckerberg Initiative, CRE, VentureSouq, Amplo, Golden Palm Investments Corporation
- Series B, May 26, 2016, $24M — Spark Capital, GV, Learn Capital, Omidyar Network, Chan Zuckerberg Initiative, CRE, GSV Ventures, Flat World Partners, Battery Road Digital Holdings, Social Impact Capital
- Series A, Jun 15, 2015, $15M — Spark Capital, GV, Learn Capital, Omidyar Network, Playfair Capital, Future\Perfect Ventures, Susa Ventures, [DUP] International Finance Corporation, Arena Ventures, CRE, GSV Ventures, Golden Palm Investments Corporation, Serena Ventures
- Seed, Jul 28, 2014, $0M — Founder Collective, Learn Capital, Omidyar Network, Rothenberg Ventures, SparkLabs Global Ventures, Album VC, Susa Ventures, M7 Tech Partners, Arena Ventures, Africa Angels Management Co, 4DX Ventures, Highline BETA

## Investors

- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Seed, Series A, Series B
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed, Series A, Series B
- Rothenberg Ventures (https://capitalatlas.ai/funds/rothenberg-ventures) — Seed
- SparkLabs Global Ventures (https://capitalatlas.ai/funds/sparklabs-global-ventures) — Seed
- Album VC (https://capitalatlas.ai/funds/album-vc) — Seed
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series A
- M7 Tech Partners (https://capitalatlas.ai/funds/m7-tech-partners) — Seed
- Arena Ventures (https://capitalatlas.ai/funds/arena-ventures) — Seed, Series A
- Africa Angels Management Co (https://capitalatlas.ai/funds/africa-angels-management-co) — Seed
- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Seed
- Highline BETA (https://capitalatlas.ai/funds/highline-beta) — Seed, Series D
- Spark Capital — Series A, Series B, Series C, Series D, Series E
- GV (https://capitalatlas.ai/funds/gv) — Series A, Series B, Series C, Series D
- Playfair Capital (https://capitalatlas.ai/funds/playfair-capital) — Series A
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Series A
- [DUP] International Finance Corporation — Series A
- CRE (https://capitalatlas.ai/funds/cre) — Series A, Series B, Series C, Series D
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Series A, Series B
- Golden Palm Investments Corporation (https://capitalatlas.ai/funds/golden-palm-investments-corporation) — Series A, Series C
- Serena Ventures — Series A, Series D
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series B, Series C, Series D, Series E
- Flat World Partners (https://capitalatlas.ai/funds/flat-world-partners) — Series B
- Battery Road Digital Holdings — Series B
- Social Impact Capital (https://capitalatlas.ai/funds/social-impact-capital) — Series B, Series D
- TLcom Capital (https://capitalatlas.ai/funds/tlcom-capital) — Series C, Series D
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C, Series D
- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Series C
- Amplo (https://capitalatlas.ai/funds/amplo) — Series C
- PGIM (https://capitalatlas.ai/funds/pgim) — Series D
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series D, Series E
- Mark Ventures (https://capitalatlas.ai/funds/mark-ventures) — Series D
- Whale Rock Capital Partners — Series E
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series E