Andela IPO

andela.comConsumer & Lifestyle / E-commerce

Andela was founded in 2014 by Christina Sass, Ian Carnevale, Iyinoluwa Aboyeji, and Jeremy Johnson. CEO Johnson told Yahoo Finance "not to expect an IPO announcement soon, though it is the probable long-term outcome for Andela investors." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

One of Africa's largest tech companies, Andela is a recruitment platform that pairs software engineers with companies around the world. In 2021, Andela became the latest company to join the small group of African unicorns. The company has not yet made any acquisitions, but Johnson has stated his intent to begin acquiring startups, adding that “there’s a pretty reasonable chance that some will be in Africa.” Andela has raised $381 million in venture capital funding, most recently in a $200 million round led by SoftBank's Vision Fund 2. Andela's latest valuation placed the company at $1.2 billion.

Buy or sell Andela stock Learn more about Andela stock

Learn more about Andela

Is Andela a publicly traded company?

Andela is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

Will Andela go IPO?

Andela has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Andela's IPO price?

The IPO price for Andela will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.

Can you invest in Andela pre-IPO?

Andela is privately held company and is not publicly traded, therefor investing in Andela pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

What is the value of my Andela shares?

To determine the value of your Andela shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your Andela shares. You can also learn more about how to sell your private shares before getting started.

Can you sell Andela before it goes public?

Yes, you can seek to sell shares in Andela while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is Andela's funding to date?

Andela has raised $330.16MM to date.

When was Andela founded?

Andela was founded in 2014.

Who are Andela's major investors?

Spark Capital

Founder Collective

Learn Capital

SparkLabs

MaRS Investment Accelerator Fund

Andela funding rounds and last known valuation

Date	Funding Round	Funding Raised	Price per Share	Last Known Valuation
9/22/2021	Series E	$150MM raised	$XXX.XX	$XXX.XX
1/23/2019	Series D	$100MM raised	$XXX.XX	$XXX.XX
10/10/2017	Series C	$40MM raised	$XXX.XX	$XXX.XX
6/16/2016	Series B	$23.92MM raised	$XXX.XX	$XXX.XX
7/17/2015	Series A and A-1	$16.24MM raised	$XXX.XX	$XXX.XX

Based on primary financings

Frequently Asked Questions

Updated on: Jul 26, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Andela IPO

Register for Details

Learn more about Andela

Is Andela a publicly traded company?

Will Andela go IPO?

What is Andela's IPO price?

Can you invest in Andela pre-IPO?

What is the value of my Andela shares?

Can you sell Andela before it goes public?

What is Andela's funding to date?

When was Andela founded?

Who are Andela's major investors?

Andela funding rounds and last known valuation

Series E

Series D

Series C

Series B

Series A and A-1

Private companies exploring an IPO

Frequently Asked Questions

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES