Private Valuation & Funding Round Tracker · Andela

Andela funding rounds & valuation history

Name: Andela Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Andela, the global marketplace for remote engineering talent founded in Lagos in 2014, from its 2016 Series B to the 2021 Series E at $1.5B, sourced to Andela’s own announcements and TechCrunch.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 4 Currency: US$, nominal

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Last closed round Closed

$1.5B

$200M Series E, 29 Sep 2021 (Andela)

Total raised

About $380M

$180M through the Series D (Andela) + $200M Series E (GNF calc.); TechCrunch/Crunchbase: $381M

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Andela funding rounds, June 2016 to September 2021
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
29 Sep 2021	Closed round	Series ETechCrunch (citing Crunchbase): $381M raised in total after this round. No step-up shown because the 2019 figure is an estimated range.	$200M	SoftBank Vision Fund 2With: Whale Rock (new); Generation Investment Management, Chan Zuckerberg Initiative, Spark Capital and others	$1.5BStated by Andela (“values the company at $1.5 billion”); basis not stated	—Not disclosedNo run-rate stated in the announcement	Andela, 29 Sep 2021Also: TechCrunch, 29 Sep 2021
23 Jan 2019	Closed round	Series DAndela: total venture funding $180M after this round.	$100M	Generation Investment ManagementWith: Chan Zuckerberg Initiative, GV, Spark Capital, CRE Venture Capital	$600M–$700MEstimate reported by TechCrunch from PitchBook data (“somewhere between $600 million and $700 million”); not stated by Andela	—Not disclosedNo run-rate stated in the announcement	Andela via PR Newswire, 23 Jan 2019Also: TechCrunch, 23 Jan 2019
10 Oct 2017	Closed round	Series CAndela: “$40 million in Series C funding. The investment was led by pan-African venture firm CRE Venture Capital”.	$40M	CRE Venture CapitalWith: Chan Zuckerberg Initiative, GV, Spark Capital and others (existing)	—Not disclosedNo valuation disclosed	—Not disclosedNo run-rate stated in the announcement	Andela via PR Newswire, 10 Oct 2017Also: TechCrunch, 10 Oct 2017
16 Jun 2016	Closed round	Series BAndela: the Chan Zuckerberg Initiative’s “first lead investment to date”.	$24M	Chan Zuckerberg InitiativeWith: GV (new); Spark Capital, Omidyar Network, Learn Capital and others (existing)	—Not disclosedNo valuation disclosed	—Not disclosedNo run-rate stated in the announcement	Andela via PR Newswire, 16 Jun 2016

Step-up = valuation ÷ the prior closed valuation (GNF calc.). Talks, tenders and rounds without a stated valuation carry no step-up.

Valuation at each closed round

Closed rounds with a stated or reported valuation. Talks, tenders and rounds without a valuation are in the table, not the chart.

Series DJan 2019$600M–$700M
Series ESep 2021$1.5B

Sources: Andela; TechCrunch; Andela via PR Newswire. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

16 Jun 2016 · Closed
Series B: $24M, led by Chan Zuckerberg Initiative.
10 Oct 2017 · Closed
Series C: $40M, led by CRE Venture Capital.
23 Jan 2019 · Closed
Series D: $100M at $600M–$700M, led by Generation Investment Management.
29 Sep 2021 · Closed
Series E: $200M at $1.5B, led by SoftBank Vision Fund 2.

Still private: Andela has not filed for an IPO and is not owned by a listed company. It has been the buyer in recent deals, including Woven in January 2026 (Andela). No new funding round has been announced since 2021.

Cite this dataset

Free to quote with a link back. Copy this citation:

Andela Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/andela/

Download the data

The same 4 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: andela-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/andela-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Seed and Series A rounds before 2016 (not separately sourced here), Andela’s acquisitions, and secondary-market or aggregator valuation estimates.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled (batch 3, not yet published).

Andela Funding Rounds & Valuation History (2016–2021)