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.