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Andela Becomes The First Tech Company To Receive Funding From Mark Zuckerberg’s Foundation.

This news is one that calls for a big celebration. ?

Yesterday, news broke that Andela, a Lagos-based company that helps to train thousands of developers in Africa was getting an investment from the Chan-Zuckerberg Initiative (CZI) founded by Zuckerberg and his wife Priscilla Chan. This move has made Andela the first major recipient from the foundation since its launch in December, 2015

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The amount?

They are closing a $24 million Series B round—with the Chan-Zuckerberg Initiative (CZI) leading the round. Also, GV (formerly Google Ventures) joins this round, along with the early Twitter investor Spark Capital, the Omidyar Network, and the San Francisco-based Learn Capital, which all participated in Andela’s first round.

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With this investment, Andela which was Founded by Iyinoluwa Aboyeji and Jeremy Johnson plans to open an office in a third African country before the end of the year. They are also looking to double the 40,000 developers that have been trained by the organization.

3 Comments

  1. Harrie June 17, 2016
  2. optimusPRIME June 18, 2016
  3. KingAbsolute June 20, 2016

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