Al Gore sets to splash $100m in investment with AndelaJanuary 24, 2019
Al Gore sets to splash $100m in investment with Andela
Al Gore sets to splash $100m…The former United States of America vice president Al Gore’s sustainability-focused investment company, Generation Investment Management (GIM), is directing a $100 million financial philanthropy round in Andela, a technology startup company. By this new development, Andela, with technology campuses in the Federal Republic of Nigeria, Kenya, Uganda, and Rwanda, would increase or advance its capital funding to this point to $180 million.
Andela, that builds distributed engineering groups with Africa’s high software system developers, added that the investment round, that is Series D is led by GIM was with participation from an already existed brand investors as well as Chan Zuckerberg Initiative, GV, Spark Capital, and CRE capital.
Andela was established in 2014 to integrate Africa’s engineering potential with the demand or need for software developers worldwide. In four years, Andela has assessed and trained over 100 thousand candidates, employed one thousand software developers, and integrated them into many firms, like Safaricom, Percolate, and InVision.
See Related Post: Tony Elumelu sets to splash $100m on young entrepreneurs
With the Series D funding, Andela is anticipated to lightspeed the development of its technology platform to spot, grow and match talent at scale. By doing, therefore, Andela can give its customers with the information they desire to grasp developer performance and higher manage distributed groups. the corporate also will expand its presence across Africa to satisfy the world demand for high-quality engineering talent. Co-founder and Chief executive officer of Andela, Jeremy Johnson. She said;
“It’s increasingly clear that the future of work will be distributed, in part due to the severe shortage of engineering talent. Given our access to incredible talent across Africa, as well as what we’ve learned from scaling hundreds of engineering teams around the world, Andela is able to provide the talent and the technology to power high-performing teams and help companies adopt the distributed model faster.”
From her own personal point of view, Country Director at Andela Nigeria, Omowale David-Ashiru, said the company has been a top and important player in Nigeria’s technology revolution. Saying further thus;
“Due to our unwavering commitment to our mission throughout the last four years, Andela has grown into a thriving platform for hundreds of technologists in Nigeria. With this investment, Andela will accelerate the development of Africa’s best tech talent in Nigeria and beyond.”
Lilly Wollman the Co-Head of Growth Equity at Generation Investment Management, pointed out that generation’s investment in Andela was live as the outcome from its in-depth research and study into the future of work. She asserted;
“We believe Andela is a transformational model to develop software engineers and deploy them at scale into the future enterprise. The global demand for software engineers far exceeds supply, and that gap is projected to widen. Andela’s leading technology enables firms to effectively build and manage distributed engineering teams. We are great admirers of the outstanding team, mission and culture Andela has built across two continents and five countries.”
With the assurance of tech campuses in Nigeria, Kenya, Uganda, and Rwanda, Andela has been acknowledged as “The Best Place to Work in Africa.” In 2018, The Wall Street Journal named Andela as one of the twenty-five technology company to consider, and the year prior, Fast Company topped Andela as the most innovative company in Africa. In 2019, Andela is anticipated to double in size, employing another one thousand software developers and spending heavily in data, engineering, and product development.