By: Yinka Okeowo
Andela has raised $100million funding from former U.S. Vice President Al Gore’s sustainability-focused investment firm, Generation Investment Management, TechEconomy.ng has learnt.
“By training Nigerian computer programmers, the thinking went, Andela’s office in Lagos would speed the development of the technology industry in those countries. “Technology is the exact opposite of an extractive industry,” says Andela’s Chief Executive Officer, Jeremy Johnson in Bloomberg report. “Success begets success.”
Andela now operates in Kenya, Uganda, and Rwanda, and has about 1,100 developers on staff working for more than 200 companies, nearly 90 percent of which are located in the U.S.
Now former U.S. Vice President Al Gore’s sustainability-focused investment firm, Generation Investment Management, is leading a $100 million funding round in the outsourcer, bringing Andela’s venture capital haul to date to $180 million.
Generation’s interest in Andela parallels CZI’s—with the bonus, it says, that large-scale remote work could help reduce greenhouse gas emissions. “Remote collaboration, and allowing people not to get on planes, obviously has carbon benefits,” says Lilly Wollman, who led the Andela investment.
She expects the company to be placing 10,000 developers with clients within the next several years.