Andela Raises $200M in Series E; Valued at $1.5 Billion

Andela, a NYC-based global network for remote engineering talent, raised $200m in Series E financing that values the company at $1.5 billion.

The 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. Lydia Jett, Founding Partner at SoftBank Investment Advisers, will join Andela’s Board of Directors.

With the new capital, the company will invest in developing products to simplify global hiring and continue to expand its talent offering beyond software development to include new verticals such as design and data after launching Salesforce development earlier this year.

Launched in Africa in 2014 by Jeremy Johnson, CEO, Andela Andela is a global talent network that connects companies with vetted, remote engineers in emerging markets. The network today represents engineers from more than 80 countries and six continents. Through Andela, thousands of engineers have been placed with leading technology companies including GitHub, Cloudflare, and ViacomCBS, among others.

A fully remote organization with more than 300 employees around the world, Andela is hiring top talent across the board, particularly in product, engineering, and growth.