Andela wins $24million Chan Zuckerberg Initiative Fund


    Andela, Africa’s leading training company for software engineers has won the first lead investment from Mark Zuckerberg and Priscilla Chan’s social issues-minded fund which aims to help startups. The fund is to enable Andela train more African engineers to get tech jobs.

    The Chan Zuckerberg Initiative is investing $24 million in a Series B round of funding into Andela which already has investors such as Spark Capital, Omidyar Network, Learn Capital, GV and CRE Ventures. In its two years of existence, Andela has trained almost 200 African engineers who were selected from over 40,000 applicants.

    The trainees are given six months intensive training in software development and afterwards are sent to Andela’s technology partners for two weeks. The companies may then decide to hire the software engineers fully. The engineers then work from Andela’s offices in Lagos and Nairobi full-time.

    Andela was founded by Nigerian Iyin Aboyeji and American Jeremy Johnson in 2014. Jeremy Johnson is Andela’s CEO and in his statement said “The goal is to cultivate a next generation of founders and CTOs of great companies across Africa.”

    This funding came after Jeremy met Mark Zuckerberg at a meeting with the CZI team at Learn Capital hosted by Andela’s previous investors. This investment will give Andela the much needed boost to train more African software engineers who will impact the continent and the entire world positively.

    Andela is currently present in Nigeria and Kenya and has plans in motion to enter a third African nation later this year, they also opened a US office in May 2016 in San Francisco. The company is planning to train about 400 developers within next year which is double of what it currently trains.

    Andela is a non profit organization but makes money through strategic partnerships with big tech companies such as Google, Microsoft, Muse and 6Sense.