Iyinoluwa Aboyeji's tech training company secures over $10 million in funding

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June 26, 2015 12:48 PM

Led by Spark Capital, the new funding, Spark’s first investment in Africa, will help Andela maintain its growth in Nigeria and Kenya.

Andela runs the most selective tech training program on the continent.

According to reports, Andela, the most selective technology training program in Africa, announced a Series A funding round today.

Led by Spark Capital, the new funding, Spark’s first investment in Africa, will help Andela maintain its growth in Nigeria and Kenya while expanding across the continent to meet the growing demand for Andela’s world-class training. The new round of funding is said to be “well over $10 million” according toTechsuplex.

Additional investors include OmidyarNetwork, LearnCapital, and other leading investors from NorthAmerica and Africa.

Launched in Lagos, Nigeria in 2014, Andela was co-founded by Iyinoluwa “E” Aboyeji, a serial Nigerian entrepreneur who was educated in Canada before returning home to help start the company.

Andela finds Africa’s best and brightest, trains them to become software developers and connects them with companies remotely around the world. Spanning multiple industries and continents, Andela’s clients range from Fortune 100 companies including Microsoft, to fast-growing technology breakouts like Udacity. With more than 15,000 applications, Andela’s acceptance rate is below 1%.

“Spark Capital prides itself on identifying companies with the potential to transform an industry, and we see that potential in Andela,” said Spark Capital general partner Alex Finkelstein, who is joining the Andela board. “Offering talent-as-a-service, Andela is tapping into the world’s most under-utilised resource – human capital – and leveraging it to empower global enterprises to thrive.”

Andela developers join a network of the smartest, most driven and technically savvy young people on the continent.

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