January 24, 2019

Andela, which pairs African developers with global tech companies, raises $100m

Andela, a startup that trains African software developers and then pairs them with global tech companies, raised $100m.

Andela, a company that mentors African software developers and connects them with top-tier tech companies, raised $100m to double in size.

As both an outsourcing company and a professional development program, Andela has staffed more than 200 tech companies and launched tech careers for 1.1k developers. 

So, how does Andela work?

Andela wears two hats. For applicants, Andela is a highly selective professional training program; for corporate clients, it’s a top-quality tech staffing agency.

Employees apply to Andela: If they survive the rigorous application process (less than 1% do), developers go through 6 months of immersive training before they’re paired with a partner company.

Clients pay between $50k-$120k per developer, and Andela pays ⅓ of that directly to the employee and keeps the rest to feed back into the business to provide resources that allow their developers to work remotely.

The distributed future

Andela’s ‘distributed’ model is good for local economies (because highly skilled employees stay in-country) and global tech companies (who need trustworthy remote employees).

To date, Andela has raised $180m (with backing from Mark Zuckerberg’s Chan Zuckerberg Initiative and Al Gore’s investment firm). 

comments

Daily briefings, straight to your inbox

Business and tech news in 5 minutes or less

Join over 1 million people who read The Hustle

Bulb2

Trends Ideation bootcamp

Learn the science behind building massively successful companies

Course Starts In:

Days
Hours
Minutes
Seconds

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.