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Andela

Operating

Andela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$381M
disclosed
Last round
$200M
Series E
Rounds
10
since 2014
Investors
38
on record
Employees
1,001-5,000

Andela funding and investors

Andela has raised $381M across 10 disclosed rounds. The latest is a $200M Series E announced 29 Sep 2021, led by Softbank Vision Fund 2.

Lead investors
3
Largest round
$200M
Average round
$63.5M
disclosed rounds
Round cadence
10 mo
average gap
Capital growthrunning total of disclosed rounds
  1. $3MSeedSeed, $3M, $3M raised to date
  2. $14MSeries ASeries A, $14M, $17M raised to date
  3. $24MSeries BSeries B, $24M, $41M raised to date
  4. $40MSeries CSeries C, $40M, $81M raised to date
  5. $100MSeries DSeries D, $100M, $181M raised to date
  6. $200MSeries ESeries E, $200M, $381M raised to date

SLA Funding Index · grey is capital raised before each round · 4 undisclosed rounds not drawn

Andela funding rounds10 · newest first

  1. Series E$200M

    29 Sep 2021 · led by Softbank Vision Fund 2

  2. Series D$100M

    23 Jan 2019 · led by Generation Investment Management

  3. Series C$40M

    10 Oct 2017 · led by CRE Venture Capital

  4. Series B$24M

    15 Jun 2016

  5. AngelUndisclosed

    01 Jan 2016

  6. Series A$14M

    25 Jun 2015

  7. Seed$3M

    23 Sep 2014

  8. SeedUndisclosed

    01 Sep 2014

  9. AngelUndisclosed

    15 Jul 2014

  10. SeedUndisclosed

    01 May 2014

Investors in Andela38 · leads first

InvestorRoleFirst
CRE Venture CapitalVenture CapitalLead in 1 of 3Jun 2015
Generation Investment ManagementVenture CapitalLead in 1 of 2Jan 2019
Softbank Vision Fund 2Venture CapitalLeadSep 2021
Spark CapitalVenture CapitalParticipantJun 2015
GVVenture CapitalParticipantJun 2015
Chan Zuckerberg InitiativeImpact InvestorParticipantJun 2016
Learn CapitalVenture CapitalParticipantSep 2014
Omidyar NetworkVenture CapitalParticipantSep 2014
Susa VenturesVenture CapitalParticipantSep 2014
GSV VenturesVenture CapitalParticipantJun 2015
Golden Palm InvestmentsVenture CapitalParticipantJun 2015
Social Impact CapitalVenture CapitalParticipantJun 2016
DBL PartnersVenture CapitalParticipantOct 2017
Salesforce VenturesVenture CapitalParticipantOct 2017
TLcom Capital PartnersVenture CapitalParticipantOct 2017
4DX VenturesVenture CapitalParticipantMay 2014
Idris Ayodeji BelloAngel InvestorParticipantJul 2014
Mick HagenPrivate EquityParticipantSep 2014
HIGHLINEvcVenture CapitalParticipantSep 2014
Melo7 Tech PartnersVenture CapitalParticipantSep 2014
Paul AppelbaumPrivate EquityParticipantSep 2014
Rothenberg VenturesVenture CapitalParticipantSep 2014
SparkLabs Global VenturesVenture CapitalParticipantSep 2014
Steve CaseVenture CapitalParticipantSep 2014
Wiley CerilliPrivate EquityParticipantSep 2014
Future Perfect VenturesVenture CapitalParticipantJun 2015
International Finance CorporationCorporate Venture CapitalParticipantJun 2015
Playfair CapitalVenture CapitalParticipantJun 2015
Serena VenturesVenture CapitalParticipantJun 2015
Golden Triangle Angel NetworkAngel InvestorParticipantJan 2016
Omar DarwazahPrivate EquityParticipantJun 2016
Flat World PartnerVenture CapitalParticipantJun 2016
Ali Al-SalimParticipantOct 2017
AmploSeed FundParticipantOct 2017
Highline BetaVenture CapitalParticipantJan 2019
Mark VenturesVenture CapitalParticipantJan 2019
Prudential FinancialPrivate EquityParticipantJan 2019
Whale RockPrivate EquityParticipantSep 2021

Frequently asked about Andela

How much funding has Andela raised?
Andela has raised $381M across 10 disclosed rounds. Its latest, a $200M Series E, was announced on Sep 29, 2021.
Who has invested in Andela?
Backers include Softbank Vision Fund 2, Whale Rock, Generation Investment Management, Chan Zuckerberg Initiative and 34 others.

Profile updated Source: SLA Startup IndexHow we count →