About Andela
Andela is a company based in New York (United States) founded in 2014.. Andela has raised $379.39 million across 9 funding rounds from investors including The Chan Zuckerberg Initiative, SoftBank Vision Fund and Omidyar Network. Andela has completed 2 acquisitions, including Casana Tech and Qualified. Andela offers products and services including Andela Talent Cloud, Qualified by Andela, Andela Pay, and Andela Connect. Andela operates in a competitive market with competitors including Terminal, Turing, Entelo, Revelo and Fetcher, among others.
- Headquarter New York, United States
- Stage Unicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$379.39 M (USD)
in 9 rounds
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Latest Funding Round
$200 M (USD), Series E
Sep 29, 2021
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Investors
The Chan Zuckerberg Initiative
& 19 more
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Employee Count
Employee Count
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Investments & Acquisitions
Casana Tech
& 1 more
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Products & Services of Andela
Andela offers a comprehensive portfolio of products and services, including Andela Talent Cloud, Qualified by Andela, Andela Pay, and Andela Connect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven system for hiring and managing global tech talent efficiently.
Platform for evaluating technologists' skills through tests and certifications.
Service for paying and managing global contractors across multiple countries.
Tool to create jobs and receive AI-recommended qualified candidates quickly.
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Product Management Team
30 people
Software Development Team
19 people
Leadership Team
18 people
Senior Team
14 people
Human Resources and Administration
14 people
Sales and Marketing
8 people
Operations Team
4 people
Legal and Compliance
3 people
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Funding Insights of Andela
Andela has successfully raised a total of $379.39M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $200 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series E — $200.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series E - Andela | Valuation | SoftBank Vision Fund | |
| Jan, 2019 | Amount | Series D - Andela | Valuation | Generation Investment Management | |
| Oct, 2017 | Amount | Series C - Andela | Valuation | CRE Venture Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Andela
Andela has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include The Chan Zuckerberg Initiative, SoftBank Vision Fund and Omidyar Network. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Andela
Andela has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Casana Tech and Qualified. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software development services are provided by Casana to various clients.
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2020 | ||||
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Technical skills are evaluated via cloud-based coding assessments for enterprises.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Andela
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Andela Comparisons
Competitors of Andela
Andela operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Terminal, Turing, Entelo, Revelo and Fetcher, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Remote developers hiring platform
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| domain | founded_year | HQ Location |
On-demand software development talent is matched via AI algorithms.
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| domain | founded_year | HQ Location |
Cloud-based candidate sourcing and talent engagement are facilitated by Entelo.
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| domain | founded_year | HQ Location |
Pre-vetted remote developers are sourced and hired via the platform.
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| domain | founded_year | HQ Location |
Passive candidates are sourced and contacted via Fetcher's recruitment platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Andela
Frequently Asked Questions about Andela
When was Andela founded?
Andela was founded in 2014.
Where is Andela located?
Andela is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Andela?
Carrol Chang is the current CEO of Andela.
Is Andela a funded company?
Andela is a funded company, having raised a total of $379.39M across 9 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Jun 01, 2014.
What does Andela do?
Andela was founded in 2014 and is headquartered in New York, United States. Operations focus on the tech talent sector, where candidates are enabled to learn skills and form a talent pool. Services for employers include candidate sourcing, assessment, and job matching. The platform supports skill development and employment solutions across global markets.
Who are the top competitors of Andela?
What products or services does Andela offer?
Andela offers Andela Talent Cloud, Qualified by Andela, Andela Pay, and Andela Connect.
How many acquisitions has Andela made?
Andela has made 2 acquisitions, including Casana Tech, and Qualified.
Who are Andela's investors?
Andela has 20 investors. Key investors include The Chan Zuckerberg Initiative, SoftBank Vision Fund, Omidyar Network, Amplo, and Whale Rock Capital Management.
What is Andela's valuation?
The valuation of Andela is $1.5B as of Sep 2021.
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