17 June 2016
Facebook founder and CEO, Mark Zuckerberg has invested $24 million in Andela, a two-year-old startup that trains software developers in Africa.
The fund was made available by Mr. Zuckerberg via Chan Zuckerberg Initiative, a fund run by the Facebook boss and his wife Priscilla Chan.
Founded by Iyinoluwa Aboyeji and Jeremy Johnson, Andela trains software developers in Africa, then deploys them to work in partner companies such as Microsoft, Udacity and IBM.
According to a Forbes report, the fund is a Series B round of funding and was made available to enable Andela to train more engineers in Africa.
On Thursday, Andela confirmed it has banked the fund and also announced new investors, GV (formerly Google Ventures), SparkCapital, Omidyar Network, Learn Capital, and CRE Ventures.
Andela is focused on tapping into the often-ignored stream of computer engineering talent in Africa, especially among women. Its goal is to get at least 35 per cent of its software developers to be women.
Andela already employs nearly 200 engineers in its offices in Nairobi, Kenya, and Lagos, Nigeria.