Deal Street

Andela Closes USD 200 Mn Series E Funding Round
Andela Closes USD 200 Mn Series E Funding Round

Andela has announced a USD 200 Mn Series E funding round. Softbank Vision Fund 2 led the new round, with participation from new investor Whale Rock and current investors including, Generation Investment Management, Chan Zuckerberg Initiative, and Spark Capital.

Andela helps companies build remote engineering teams by providing them with access to the software engineers in the world. The company plans to invest the new capital in developing products to simplify global hiring and make engineers’ lives easier. In addition, the company plans to invest in growth and continued expansion of technology.