Funding of $ 200 million and valuation of $ 1.5 billion
- Andela, a global network of remote engineering talent, announced it has raised $ 200 million in Series E funding. These are the details.
Andela – a global network for remote engineering talent – has announced that it has raised $ 200 million in a Series E funding round that values the company at $ 1.5 billion. This funding round was led by Softbank Vision Fund 2 with participation from new investor Whale Rock and existing investors including Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital. And Lydia Jett, founding partner of SoftBank Investment Advisers, will join Andela’s board of directors.
Andela essentially helps companies build remote engineering teams by giving them access to the best software engineers in the world. Launched in Africa in 2014, the Andela network today represents engineers from more than 80 countries and six continents. And thanks to Andela, thousands of engineers have been placed at top tech companies, including Github, Cloudflare, and ViacomCBS.
With a successful placement rate of 96%, Andela has mastered the ability to assess the technical skills and soft skills of engineers to match them to the teams they will be most successful in. And with a new round of funding, the company will invest in product development to simplify global hiring and make life easier for engineers. Additionally, Andela will continue to expand its talent pipeline beyond software development to include new verticals such as design and data after launching Salesforce development earlier this year.
“Andela has always been the high quality option for those building remote engineering teams. Now that the world has embraced remote working, Andela has become the obvious choice for businesses because we can find better talent, faster. If you are a talented engineer, Andela opens up a world of possibilities for you, no matter where you are based.
– Jeremy Johnson, CEO and co-founder of Andela
“Recruiting technical talent remotely is one of the main challenges companies face today. We believe Andela will become the preferred talent partner of the world’s best companies, as remote and hybrid working arrangements become the norm. We are delighted to support Jeremy and Andela’s team in their mission to connect these companies with brilliant engineers and, in so doing, unlock human potential at scale. “
– Lydia Jett, partner at SoftBank Investment Advisers