The Nigerian company pays young Africans to take its online coding courses, hiring some graduates as programmers for such companies as Viacom and Mastercard Labs.
Andela’s coursework has been used by 22,000 students, and the company employs 800 in Nigeria, Kenya and Uganda.
Proceeds from the Series C round will help reach its goal to train 100,000 coders by 2024. “African technologists will be leading companies solving some of the world’s most pressing challenges and, simultaneously, reversing age-old misconceptions about talent and potential,” Jeremy Johnson, Andela’s founder, wrote in a blog post.
Johannesburg-based CRE Venture Capital led the latest round, which was backed by Spark Capital, the Chan Zuckerberg Initiative, Salesforce Ventures, DBL Partners, TLcom Capital and Amplo.