Andela Series E Funding
Nigeria’s Andela Achieves $1.5-Billion Valuation in Latest Series E Round
Image sourced from TechCabal. Andela, a global engineering talent outsourcing company launched in Nigeria in 2014 has secured a $200-million investment during a Series E funding round led by SoftBank Vision Fund 2, the venture capital arm of Japanese mega-corp SoftBank. This latest funding round brings Andela’s total valuation to $1.5-billion, officially making it Africa’s fifth unicorn startup. According to TechCabal, Andela began as an African-focused software developer training and outsourcing company. The firm soon grew to become a top source for talented, well-rounded developers in Africa thanks to the company’s developer training methodology and curriculum. The company received a comfortable $24-million injection from Facebook’s Mark Zuckerberg in 2016. Last year, Andela went complet...
