Andela Raises About N15 Billion to Expand Its Reach in Africa


Andela has secured a second major investment — they initially received a $24 million investment from the Chan Zuckerberg Initiative in 2016. This time, they have raised a whopping $40 million from CRE Venture Capital.

Andela plans to use the money to expand its reach in Africa—they intend to launch two additional offices in other Africa countries to join the others in Nigeria and Kenya, the specific countries are yet to be disclosed —this will also see the company double the pool of developers from 500 to 1000 and the likes of Julia Gillard and Nigeria’s Omobola Johnson joining the Andela board.

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