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.

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Learn more about Andela

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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.
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Can you invest in Andela?

Andela is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Andela shares pre-IPO?

If you own Andela pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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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.

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What is Andela's funding to date?

Andela has raised $330.16MM to date.
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When was Andela founded?

Andela was founded in 2014.

Who are Andela's major investors?

Spark Capital
Founder Collective
Learn Capital
MaRS Investment Accelerator Fund

Andela funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation

Series E

$150MM raised $XXX.XX $XXX.XX

Series D

$100MM raised $XXX.XX $XXX.XX

Series C

$40MM raised $XXX.XX $XXX.XX

Series B

$23.92MM raised $XXX.XX $XXX.XX

Series A and A-1

$16.24MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Jun 18, 2024


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.