This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media.
Accept
EdTechReviewEdTechReview
  • News
  • Trends
  • Insight
  • eLearning
  • Research
  • Dictionary
  • EdTech Voices
  • Explore
    • Data & Statistics
    • Reviews
    • AWS for Education
    • Events

    Resources

    • Infographics
    • Reports & Case Studies
    • Videos
    • Books
    • Webinar

    Needs

    • 1:1 Learning
    • 21st Century Education
    • 21st Century Leadership
    • 21st Century Learning
    • 21st Century Teaching
    • 3D Printing
    • More Tags

    For

    • Students
    • Teachers/Educators
    • Administrators
    • Entrepreneurs/Startups
    • Govt. Officials/Policymakers
    • Parents

Contribute

  • Submit A Post
  • EdTech Trainers and Consultants
  • Your Campus EdTech
  • Your EdTech Product
  • Your Feedback
  • Your Love for Us
  • EdTech Product Reviews

ETR Resources

  • About
  • Mission/Vision
  • Team
  • Services
  • Testimonials
  • Authors
  • Sponsor
  • Partner
  • Advertise
  • Our Clients
  • Media Kit
  • Press Release
  • FAQ’S
Reading: Technical Talent Marketplace Andela Becomes $1.5B Unicorn with $200M Funding
Aa
EdTechReviewEdTechReview
Aa
  • News
  • Trends
  • Insight
  • eLearning
  • Reviews
  • Dictionary
  • EdTech Voices
  • Data & Statistics
  • Research
  • AWS for Education
  • Events
  • Voices
  • Tags
  • About
  • Contribute
  • FAQ’S
  • Our Clients
  • Partner
Follow US
Home > News > Technical Talent Marketplace Andela Becomes $1.5B Unicorn with $200M Funding
News

Technical Talent Marketplace Andela Becomes $1.5B Unicorn with $200M Funding

Stephen-soulunii
Stephen Soulunii Published Sep 30, 2021
Share
5 Min Read
Andela Becomes Unicorn
Technical Talent Marketplace Andela Becomes $1.5B Unicorn with $200M Series E Funding
SHARE

Andela, a Nigerian startup that connects leading organizations with highly skilled technologists, has raised $200 million in a Series E funding round led by Softbank Vision Fund 2.

AdvertisementWhy this Ad?

AdvertisementWhy this Ad?

New investor Whale Rock and existing investors including Generation Investment Management, Spark Capital, and Chan Zuckerberg Initiative also participated in the round

With the new funding, New York-based Andela became the latest Nigerian startup to attain unicorn status at a valuation of $1.5 billion.

Andela was started in Lagos, Nigeria, in 2014, with the aim of addressing an acute shortage of software developers and engineers in Africa. It settled on a model where it selected and trained engineers in an intense six-month boot camp and then placed them at global companies in junior developer roles. But when the market for junior developers had become saturated in recruiter countries like the U.S., the company shifted its attention to placing more experienced engineers in 2019.

By mid-2020, Andela switched to a fully remote work company, shutting down its physical campuses in Nigeria, Kenya, Rwanda, and Uganda, and opened itself to placing more developers from across Africa with international companies. Since the pivot, the New York-based Andela no longer trains developers directly; it has passed on that social impact mission to the Andela Learning Community, an online learning program that the company claims to have over 100,000 participants.

According to Jeremy Johnson, CEO and Co-Founder of Andela, the company’s network today represents engineers from more than 80 countries and six continents. He said that through its platform, thousands of engineers have been placed with leading technology companies including GitHub, Cloudflare, and ViacomCBS. Jeremy claimed that its ability to evaluate the technical and soft skills of engineers and match them with the teams they’ll be most successful in has resulted in a 96 percent successful placement rate.

Commenting on the latest funding, Agnes Muthoni, Director of the Andela Learning Community, said in a statement,

“This new round of funding enables Andela to strengthen our already extensive network of incredible talent in Africa and across the world, as we systematically connect the best software engineers with global opportunities.”

With the new capital, Andela said it will invest in growth, enhance its technology and product development to simplify global hiring, and make engineers’ lives easier. The company also plans to expand its workforce, particularly in the product, engineering, and growth.

Lydia Jett, Founding Partner at SoftBank Investment Advisers, said,

“Hiring remote technical talent is one of the top challenges that companies face today, and we believe Andela will become the preferred talent partner for the world’s best companies as remote and hybrid work arrangements become the norm.”

As part of the investment, Lydia Jett will join Andela’s board, the company said in a statement.

In his blog post, Jeremy said that by the end of this year Andela will have engineers from more than 100 countries working with some of the best companies in the world with an average earning of 64% more than they did in their previous job. The co-founder added that in the future, global hiring will be the default position, and it will be faster, easier, and more effective to hire globally through Andela than it is for companies to hire locally today. As a result, he said, companies will have access to better talent, and talent will have access to more compelling roles – and race, gender, and nationality will become less deterministic of opportunity.

With the closing of the Series E round, Andela has raised a total of $381 million since its founding in 2014. The company’s valuation was $700 million when it raised a $100 million Series D in 2019.

Img Src

TAGGED: Engineering, Software Developers, Tech Skilling, Technical Skills, Technical Talent
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Email Copy Link
Stephen-soulunii
Posted by Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
Previous Article Edves Funding Nigerian EdTech Startup Edves Raises $575K to Bring More Schools Online
Next Article Worldgrad Study Abroad Survey Australia Becomes Less Favourable Among Study Destinations for Indian Students, Canada Tops the Choice: Survey
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

Facebook Twitter Youtube Instagram Linkedin
AdvertisementWhy this Ad?

Latest Post

Vitalsource-acquires-akademos
North Carolina-Based EdTech VitalSource Acquires Akademos
News Mar 22, 2023
Upskilling Programmes Has Significant Impact on Women’s Careers: Survey
Upskilling Programmes has Significant Impact on Women’s Careers: Survey
Data & Statistics Mar 21, 2023
Must Know Activities to Support Cognitive Skill Development for Kids 
Must Know Activities to Support Cognitive Skill Development for Kids
Insight Mar 21, 2023
Teaching with Chatgpt: How Ai Can Revolutionize Your Classroom Workflow
Teaching With ChatGPT: How AI Can Revolutionize Your Classroom Workflow
Trends Mar 21, 2023
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

Facebook Twitter Youtube Instagram Linkedin
AdvertisementWhy this Ad?

You Might Also Like

Vitalsource-acquires-akademos
News

North Carolina-Based EdTech VitalSource Acquires Akademos

Mar 22, 2023
Shikho-raises-0k
News

Bangladeshi EdTech Shikho Raises $900k in Strategic Funding Round

Mar 21, 2023
Risekit-raises-5m
News

Community Recruitment Platform RiseKit Raises $4.75M to Offer Job Seekers Access to Career Paths

Mar 21, 2023
Physicswallah-acquires-knowledge-planet
News

Physics Wallah Makes Its First Overseas Acquisition With UAE-Based EdTech Knowledge Planet

Mar 21, 2023
Egyptian Online Video Learning Platform Almentor Raises M
News

Egyptian Online Video Learning Platform Almentor Raises $10M

Mar 20, 2023
Ai-driven Mentorship Marketplace Quantel Records 6x Growth in a Month
News

Mentorship Marketplace Quantel Records 6X Growth in a Month

Mar 20, 2023
Edtech Startup Pivot Raises .4 Million to Support Student and Teacher Wellbeing
News

Edtech Startup Pivot Raises $1.4 Million to Support Student and Teacher Wellbeing

Mar 20, 2023
Hrtech Startup Zinghr Invests in Saas Startup Lokibots
News

HRTech Startup ZingHR Invests in SaaS Startup LokiBots

Mar 20, 2023
Show More
EdTechReviewEdTechReview

H433, 2nd Floor, Vikaspuri, New Delhi, India, 110018
Phone: 011 41321030

Follow US

Copyright © EdTechReview. All Rights Reserved.

  • Home
  • Advertise
  • Event Associations
  • Press Release
  • About
  • Services
  • Contribute
  • News
  • Trend & Insight
  • Data & Statistics
  • eLearning
  • Reviews
  • Research
  • Voices
  • Dictionary
  • Tags
  • Resources
  • Events
  • Courses
  • Submit Your EdTech Product for Review
  • Our Clients
  • FAQ’S
  • Contact Us
  • Important Links
  • Sitemap
  • Terms of Use
  • Privacy Policy
Join 100K+ subscribers!

Subscribe to our weekly newsletter that brings the latest EdTech news, trends, insights, reports, interviews, etc. for educators, school leaders, entrepreneurs, investors, & others.

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?