Andela Receives $24 Million From The Chan Zuckerberg Initiative


Andela announced yesterday that it had banked $24 million in a round that was led by the Chan Zuckerberg Initiative, which is Mark Zuckerberg and Priscilla Chan’s fund. Additionally, Andela had also received a new investor, GV( formerly known as Google Ventures, CNN Money reports.

Andela is a startup that trains Africa software developers and places them in international companies such as Google and IBM. Currently it has offices in Lagos and in Nairobi. The selection of software developers is rigorous and very selective. Applicants are taken through skills and psychometric tests, interviews and bootcamps. Out of more then 40,000 applications, only 0.7% are accepted. These people then go through an additional six months training.

The announcement on Andela’s website showed Andela’s CEO, Jeremy Johnson’s joy.  His message said in part:

Some exciting news to start your morning: Today, Andela is publicly announcing our Series B, a $24M round led by Chan Zuckerberg Initiative. This marks the first time that Mark and Priscilla have led a round and we’re thrilled to welcome them, as well as GV (formerly Google Ventures), to the Andela family.

The round represents a huge vote of confidence from some of the most respected names in technology. Not only is it a vote for Andela, though, it’s also recognition of the caliber of software developers and human beings that make up the Andela Fellowship. We’re humbled to partner with folks who have helped drive some of the most impactful innovation in the history of tech, and grateful to have the financial support to continue building the movement that is Andela.

Read more here and here.

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