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ANDELA
Andela
Technical talent marketplace / IT staffing · New York · United States · Founded · 2014 · ≈ · 308 · employees

Andela Funding — Last Valued at $1.5B

Private

Andela has raised $374M across 4 funding rounds, plus 1 undated round. The latest round valued Andela at $1.5B post-money, with SoftBank Vision Fund 2 on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Andela funding · at a glance
Total raised, all rounds
$374M
sum of disclosed sizes
Funding rounds
4
plus 1 undated round
Latest round
$1.5B
post-money · Sep 2021
Lead on that event
SoftBank Vision Fund 2
new investor Whale Rock plus existing investors Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital
2021
About Andela

Andela counts CRE Venture Capital among its investors, part of the funding that has supported the company since it launched its first recruitment cycle in Lagos in 2014 and grew into a global technical talent marketplace spanning more than 135 countries.

Funding timeline

The Andela funding timeline

4 funding rounds, the latest highlighted.

2014
Andela founded

Andela was founded in 2014, United States.

UNDATED
Series B

No date is disclosed for this round.

JUN 2015
Series A

Many of the Seed investors participated. $10M raised, led by Spark Capital.

Valuation basisAmount$10MPrice / shareLeadSpark Capital
OCT 2017
Series C

A primary round — the company sells new shares to investors it selects. $40M raised, led by CRE Venture Capital.

Valuation basisAmount$40MPrice / shareLeadCRE Venture Capital
JAN 2019
Series D

Included Serena Williams' Serena Ventures. $100M raised, led by Generation Investment Management.

Valuation basisAmount$100MPrice / shareLeadGeneration Investment Management
SEP 2021LATEST
Series E at $1.5B post-money

New investor Whale Rock plus existing investors Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital. $200M raised, led by SoftBank Vision Fund 2.

Valuation basispost-moneyAmount$200MPrice / shareLeadSoftBank Vision Fund 2
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Andela funding rounds in full

4 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series E LATEST
Sep 2021
$200M
$1.5Bpost-money
—
SoftBank Vision Fund 2
new investor Whale Rock plus existing investors Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital
Series D
Jan 2019
$100M
—
—
Generation Investment Management
included Serena Williams' Serena Ventures
Series C
Oct 2017
$40M
—
—
CRE Venture Capital
—
Series A
Jun 2015
$10M
—
—
Spark Capital
many of the Seed investors participated
Series B
—
$24M
—
—
Chan Zuckerberg Initiative
—
Andela · investors

Investors

Chan Zuckerberg InitiativeLEADSSoftBank Vision Fund 2LEADGeneration Investment ManagementLEADCRE Venture CapitalLEADSpark CapitalLEADSerena VenturesWWhale Rock

Frequently asked questions

How can I get exposure to Andela?›

The routes section explains what is realistically available for a company at this stage.

Is Andela publicly traded?›

No. Andela is a private company; its shares do not trade on a public exchange.

What is Andela's valuation?›

The last valuation is $1.5B.

Who has invested in Andela?›

Lead investors for each round are in the funding timeline.

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