Edtech Business

Andela Raises $40M to Expand Tech Training Program in Africa

Oct 10, 2017

ANDELA, a startup that aims to train and connect African software developers with major tech companies, has raised $40 million in a Series C funding round led by CRE Venture Capital. Google Ventures, the Chan Zuckerberg Initiative, Salesforce Ventures, Spark Capital, DBL Partners, Amplo and TLcom Capital also contributed to the round, according to the press release. The latest raise brings Andela’s total funding to $80 million.

Founded in 2014 and headquartered in New York, Andela has offices in Nigeria, Kenya and Uganda, where chosen students partake in two-week bootcamps or a six-month training program before being paired with one of Andela’s partner companies for a two- to four-year program. The New York Times reports that none of the students have reached four years yet, but the program has a 98 percent retention rate.

The program is highly-selective (on average less than 1 percent of applicants make the full program), and the company has “aggressive expansion plans,” which include launching new offices in two African countries, according to the release. The New York Times also reports the company offers free online training tools that have been used by nearly 20,000 programmers in Africa.

Edtech Business

Andela Raises $40M to Expand Tech Training Program in Africa

Oct 10, 2017

ANDELA, a startup that aims to train and connect African software developers with major tech companies, has raised $40 million in a Series C funding round led by CRE Venture Capital. Google Ventures, the Chan Zuckerberg Initiative, Salesforce Ventures, Spark Capital, DBL Partners, Amplo and TLcom Capital also contributed to the round, according to the press release. The latest raise brings Andela’s total funding to $80 million.

Founded in 2014 and headquartered in New York, Andela has offices in Nigeria, Kenya and Uganda, where chosen students partake in two-week bootcamps or a six-month training program before being paired with one of Andela’s partner companies for a two- to four-year program. The New York Times reports that none of the students have reached four years yet, but the program has a 98 percent retention rate.

The program is highly-selective (on average less than 1 percent of applicants make the full program), and the company has “aggressive expansion plans,” which include launching new offices in two African countries, according to the release. The New York Times also reports the company offers free online training tools that have been used by nearly 20,000 programmers in Africa.

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