Andela
PrivateLast Round
Series E
Sep 29, 2021
Est. Valuation
$1.5B
Total Funding Raised
$378.91M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Andela operates in Enterprise Software and is based in New York City, New York. Its latest recorded funding round was a Series E round in September 2021.
Andela is a talent acquisition company that connects businesses with vetted remote engineers from emerging markets while offering services for skill development, sourcing, assessment, and candidate matching to help clients efficiently scale their teams.
Sector
Enterprise Software
Verticals
HR, ML Platforms, DevOps & Containers
Business Model
B2B
Customer Profile
Marketplace Commission, Services & Consulting, Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Andela Comparables
Compare Andela with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Turing | 90% | |
| Toptal | 84% | |
| Braintrust | 84% |
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Andela Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series E | Sep 29, 2021 | ||||
| Series D | Jan 23, 2019 | ||||
| Series C | Oct 10, 2017 | ||||
| Series B | Jun 16, 2016 | ||||
| Series A | Jun 25, 2015 | ||||
Seed | Sep 23, 2014 |
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Key People
Founding team and executive leadership
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Andela Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Whale Rock Capital Management | Series E |
| SoftBank Investment Advisers | Series E |
| L2 Ventures | Series C |
| Entangled Group | Series B, Series D |
| Founder Collective | Series A, Seed |
| Imaginable Futures | Series B |
| Amplo | Series C |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 6, 2026
200 developers in Lagos will build AI solutions for education.
- May 30, 2026
Partnerships include GitHub, OpenAI, Anthropic, AWS, Google, NVIDIA, and CNCF.
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Recent news
Latest coverage and updates
- is_developingNov 6, 2026
Andela is developing artificial intelligence solutions with OpenAI and Miva Open University in Nigeria, where 200 developers and engineers use OpenAI Codex to build applications for teaching, learning and educational accessibility.
- hiresNov 5, 2026
Andela announces on Aug 22 '24 that Carrol Chang becomes Chief Executive Officer and joins its Board of Directors effective Sep 17 '24, while Jeremy Johnson steps down as chief executive and remains on the board.
- has_issues_withOct 31, 2026
Toptal's Jun '21 complaint in New York accuses Andela of interference with contract, unfair competition and misappropriation of trade secrets.
- has_issues_withOct 31, 2026
In Jun '21, Toptal files a complaint in New York against Andela and several former Toptal executives, alleging theft of trade secrets in pursuit of a perfect clone of its business.
- decreases_headcount_byOct 29, 2026
Andela announces cuts affecting more than 400 junior engineers across African markets in 2019 as it shifts toward more experienced developers.
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Andela Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Andela's valuation, stock price, and market status.
Is Andela a public or private company?
Andela is a private company.
What is the current stock price of Andela?
Andela is a private company, so its shares have no public market price. Caplight tracks Andela's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Andela worth (valuation)?
Andela's valuation is estimated at $1.5B based on funding round data.
Can I buy Andela stock?
Andela shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Andela's last funding round?
Andela's most recent funding round was Series E on September 29, 2021.
Who are the main investors in Andela?
Key investors in Andela include SoftBank Investment Advisers, Founder Collective, Learn Capital, Generation Partners, SoftBank Group.
Will Andela IPO soon?
No public IPO plans have been announced for Andela.
How can I track Andela secondary market activity?
Caplight tracks bids, offers, and trades in Andela's shares on secondary markets.