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Andela Profile – About, Employees, Net Worth, Founders, And All You Need To Know

Andela Profile – About, Employees, Net Worth, Founders, And All You Need To Know

Introduction

Andela

Andela is a global talent network. The company serves to connect several companies with engineering talent in emerging markets. They offer computer science education, programming, outsourcing, and software training.

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About

The journey to what Andela is today did not certainly start in a day. It took the collaboration of Ian Carnevale, Nadayar, Brice, and Iyinoluwa Aboyeji. They came together and founded Fora. Fora was a distance learning platform for African universities. After a while, they reached out to Jeremy Johnson. This was because of the similarities between his company at the time, 2U, and what they were hoping to build in Africa.

The trio realized in early 2014, that Fora was not working out as expected. They were in dire straits and were unable to raise the capital needed. They did not also have the political networks to sail through several regulatory barriers they faced.

After an extended period with nothing to show and having spent time chasing elusive investors in Nigeria, they were finally able to raise a small round from Extreme Startups currently Highline. VC. The fund was small, but it helped get them back on track. Having gotten a little money, they had two options — pivot Fora before the cash ran out or die.

At this juncture, they decided to contact Jeremy again to seek his advice. At the moment, he had just gotten back from a trip to Nairobi, Kenya. The purpose of the trip was to give a talk for the MasterCard Foundation. He had been invited by Christina Sass, who is now one of Andela’s co-founders. While there, he was thinking of methods an individual can scale high-quality education without charging tuition.

They fiddled around a few rough ideas and he took them through an idea that eventually became Andela. He promised to personally fund them and join their board if they were willing to consider it. The team loved and were awed by the model, though it was risky. They eventually discovered that the new model was even more aligned with their mission to empower young Africans to take back the continent through education. They excitedly called Jeremy and expressed interest. Jeremy found out that he could not stop thinking about Andela and told them that if they were interested, he would leave 2U to co-found the company with them and lead it on a day-to-day basis.

Andela talent network officially began in Nigeria, Lagos precisely on the 21st of May 2014. The address was in a vacant duplex at 33c Cameron Road Ikoyi, Lagos. The company was a coalition of different individuals from different walks of life, coming together to create magic for Africa and in Africa. They were two Nigerians – Nadayar and Iyinoluwa, two Americans -Christina and Jeremy Johnson, one Canadian -Ian Carnevale, and one Cameroonian -Brice.

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Location

Andela

Andela’s talent network is located in several places. They had offices in Lagos Nigeria, Nairobi Kenya, Kampala Uganda, Kigali Rwanda, Cairo Egypt, Accra Ghana, New York USA, San Francisco California USA, Austin Texas USA. The headquarters in New York USA, but their engineers work from several locations.

In recent times, due to the Covid-19 pandemic, they had to shut their offices down and go remote.

Executives

  • Jeremy Johnson (Co-Founder & Chief Executive Officer).
  • Jess Hunt (President and Chief Operations Officer)
  • Christina Sass (Co-Founder & Chief Operations Officer)
  • Iyinoluwa Aboyeji (Co-Founder & Recruitment Director)
  • Nadayar Enegesi (Co-Founder & Director of Learning)
  • Brice Nkengsa (Co-Founder & Director of Technology)
  • Ian Carnevale (Co-Founder)
  • Seni Sulyman (Vice President, Global Operations)
  • Bryan Caplin (Chief Revenue Officer)
  • David Blair (Chief Technical Officer)
  • Isaac Itenburg (Chief Financial Officer)
  • Milli Feldman (Vice President, People)
  • Wambui Kinya ( Vice President, Partner Engineering)
  • Omowale David-Ashiru (Vice President, Global Operations)
  • Nancy Pfund (Board Member)
  • Haleem Belo-Osagie (Board Member)

Employees

Andela talent network has about a thousand four hundred and fifty-eight people under their employ. The pandemic, however, hit them hard and they had to lay off about a hundred and thirty-five staff.

Salary

The average executive compensation is $208,995 a year. The most compensated executive makes $430,000, annually, and the lowest compensated makes $57,000 annually too.

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Funding rounds

Andela’s talent network has undergone ten funding rounds since its inception. They have received a total of $181 million for all their rounds.

On the 23rd of September 2014, they had their seed round funding and about sixteen investors participated. They realized three million dollars from the funding.

On the 25th of June 2015, they had their Series-A funding round and realized 14 million dollars. There were eleven investors led by Spark Capital.

The Series-B funding round happened on the 15th of June 2016 with eleven investors led by the Chan Zuckerberg initiative. They realized 24 million dollars.

On October 10th, 2017, they had their Series-C round of funding, led by CRE Venture Capital with eleven other investors. 40 million dollars was realized at the end of the day.

January 23rd, 2019 saw the Series-D funding round for Andela. A total of fourteen investors participated led by Generation Investment Management and 100 million dollars was realized at the end.

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Investors

Andela has several investors which include Spark Capital with Alex Finkelstein as a partner, Generation Investment Management, Serena Ventures, Chan Zuckerberg Education, with Vivian Wu as a partner, Peak Ventures, Salesforce Ventures, Imaginable Futures, Learn Capital, Double Bottom Line Venture Capital with Nancy Pfund as a partner, Social Impact Capital, TLcom Capital Partners with Omobola Johnson as a partner, GV, Aera VC, Prudential Financial with Gerry Pambo-Awich as a partner, Amplo with Julia Gillard as a partner, Mark Ventures and a host of other investors.

Conclusion

Andela talent network has solved the world problem of lack of software engineers and the like in a really short time. They have also helped Africans achieve their dreams of being programmers, software analysts, engineers, and much more.

The pandemic however affected their business and the demand for their services reduced. It’s expected that they will grow even bigger and was stronger.

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Find out more about Andela by visiting their website here

 

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