Andela, a tech training and development outsourcer for African coders, raises $40M

Article via Tech CrunchAndela, a startup that trains developers in Africa and hires them out to global tech companies, has raised $40 million in Series C funding.

The financing came from CRE Venture Capital, a pan-African venture firm, with additional participation from DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital.

Previous investors, including the Chan Zuckerberg Initiative, GV, and Spark Capital, also joined in funding what is now one of the most highly funded African company not based in Africa.

Andela says it will use the money to fund aggressive expansion plans — including the launch of two additional offices in other African countries.

But the financing comes as some local entrepreneurs have told us they worry about Andela taking money and attention away from other startups which are actually based on the ground in the continent.

Read the rest of the article here.

Posted by Melissa Durrell on October 12, 2017

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