Softbank Vision Fund 2 has led a Series E $200m investment in Andela, a global network for remote engineering talent, that values the company at $1.5bn Other investors in the round included new investor Whale Rock and existing investors: Generation Investment Management, Chan Zuckerberg Initiative, and Spark Capital.
Lydia Jett, Founding Partner at SoftBank Investment Advisers and one of the most respected consumer technology investors in the world, will join Andela’s Board of Directors. Andela helps companies build remote engineering teams by providing them with access to the best software engineers in the world. Launched in Africa in 2014, the Andela network today represents engineers from more than 80 countries and six continents.
“Andela has always been the high-quality option for those building remote engineering teams. Now that the world has come to embrace remote work, Andela has become the obvious choice for companies because we can find better talent, faster,” said Jeremy Johnson, CEO and co-founder of Andela.
Read more/Source: Africa Global Funds
