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.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 09/22/2021 | Series E | $150MM | $xx.xx | $1.5B | Chan Zuckerberg Initiative, Generation Investment Management, Softbank, Spark Capital, Whale Rock | |
|
Price per Share
$xx.xx
Shares Outstanding
7,225,590
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chan Zuckerberg Initiative, Generation Investment Management, Softbank, Spark Capital, Whale Rock
|
||||||
| 01/23/2019 | Series D | $100MM | $xx.xx | $682.97MM | Amplo, Chan Zuckerberg Initiative, Cre Venture Capital, Dbl Partners, Entangled Group, Generation Investment Management, Gv, Highline Beta, Loftyinc Capital Management, Mark Vc, Salesforce Ventures, Serena Ventures, Social Impact Capital, Spark Capital, Summer Capital, Tlcom Capital, Village Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
9,725,450
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplo, Chan Zuckerberg Initiative, Cre Venture Capital, Dbl Partners, Entangled Group, Generation Investment Management, Gv, Highline Beta, Loftyinc Capital Management, Mark Vc, Salesforce Ventures, Serena Ventures, Social Impact Capital, Spark Capital, Summer Capital, Tlcom Capital, Village Capital
|
||||||
| 10/10/2017 | Series C | $40MM | $xx.xx | $300MM | Amplo, Chan Zuckerberg Initiative, Cre Venture Capital, Dbl Partners, Gv, Highline Beta, Mark Vc, Salesforce Ventures, Social Impact Capital, Spark Capital, Summer Capital, Tlcom Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
7,759,156
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplo, Chan Zuckerberg Initiative, Cre Venture Capital, Dbl Partners, Gv, Highline Beta, Mark Vc, Salesforce Ventures, Social Impact Capital, Spark Capital, Summer Capital, Tlcom Capital
|
||||||
| 06/16/2016 | Series B | $23.92MM | $xx.xx | $109.92MM | Chan Zuckerberg Initiative, Cre Venture Capital, Gsv Accelerate, Gv, Learn Capital, Mits Fund, Omidyar Network, Spark Capital, Vista Venture Partners | |
|
Price per Share
$xx.xx
Shares Outstanding
10,612,783
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chan Zuckerberg Initiative, Cre Venture Capital, Gsv Accelerate, Gv, Learn Capital, Mits Fund, Omidyar Network, Spark Capital, Vista Venture Partners
|
||||||
| 07/17/2015 | Series A-1 | $3.94MM | $xx.xx | $33.83MM | Arena Ventures, Federico Pirzio-Biroli, Future Perfect Ventures, Learn Capital, Omidyar Network, Playfair Capital, Spark Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
8,633,160
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arena Ventures, Federico Pirzio-Biroli, Future Perfect Ventures, Learn Capital, Omidyar Network, Playfair Capital, Spark Capital
|
||||||
| 07/17/2015 | Series A | $12.3MM | $xx.xx | $33.83MM | Arena Ventures, Federico Pirzio-Biroli, Future Perfect Ventures, Learn Capital, Omidyar Network, Playfair Capital, Spark Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
8,661,580
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arena Ventures, Federico Pirzio-Biroli, Future Perfect Ventures, Learn Capital, Omidyar Network, Playfair Capital, Spark Capital
|
||||||
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +42.78% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $28.78 | -0.14% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $22.43 | +0.4% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Liquid Death | $9.00 | -6.25% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Chime | $31.50 | +0.8% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
Updated on: Feb 13, 2025
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