US-based IT recruitment company Andela completed a $100m series D round yesterday that included GV, a corporate venturing subsidiary of internet technology conglomerate Alphabet.
The round was led by investment firm Generation Investment Management and included venture capital firms Spark Capital and CRE Venture Capital as well as Chan Zuckerberg Initiative, the investment holding company owned by Facebook founder Mark Zuckerberg and his wife Priscilla Chan.
Founded in 2014, Andela provides training to Africa-based software developers and helps them find jobs in engineering teams in the US.
The company has hired some 1,000 developers to date from more than 100,000 applicants, and operates training campuses in the capital cities of Nigeria, Kenya, Uganda and Rwanda. In addition to developing its platform, it will use the capital to expand further across Africa.
The round took the company’s total financing to $180m, it said. It comes after CRE Venture Capital led a $40m series C round in 2017 that included GV and Salesforce Ventures, a subsidiary of enterprise software producer Salesforce.
Spark Capital, Chan Zuckerberg Initiative, DBL Partners, Amplo and TLcom Capital also took part in the 2017 round, which followed a $24m series B round led by Chan Zuckerberg Initiative and backed by GV, CRE, Spark Capital, Omidyar Network and Learn Capital the year before.
Andela had previously received $14.7m in a 2015 series A round that included Omidyar and Learn Capital, both of which had joined Spark Capital and CRE in a seed round of undisclosed size a year earlier.