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Andela and the Funds

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Andela is the talk of the town again this year after it has raised $40 from The CRE Venture Capital, a pan-African venture firm, with additional participation from DBL PartnersAmploSalesforce Ventures, and Africa-focused TLcom Capital. Andela is a tech training and development outsourcer for African coders.

Mid-Last year Andela received a $24 million Series B funding from the Chan Zuckerberg Initiative, GV, and Spark Capital. Launched in 2014 Andela has been known for harnessing the top Talent in its cohorts and the society. As of to date, the company has hired 500 developers — which it calls the 0.7% — from its applicant pool of more than 70,000 candidates. Andel says it invests $15,000 in each developer during this period.

After the six months, once developers are promoted and begin client work, Andela says it pays a salary that is competitive within their local tech ecosystem. That goes up to around $2,500/pm in Lagos and around $3,000/pm in Nairobi.

Anyway, The Andela News hasn’t been received with great reception from some critics so as to say :

Rebecca Enonchong, said this yesterday at the Techcrunch’s Fireside Chat Panel, though she has her reasons to say we think Andela has it on the better side by producing the top talents, making an nurturing our developer circles and expanding its territorial giftsQuoting Seni Sulyman the country Director { Nigeria } at Andela:

our developers are delivering value, day after day. From their experiences building world-class tech products for our partner companies, they are preparing to elevate technology products built in Africa. While doing this, they are already contributing locally, through initiatives like TeenCode, which supports schools in preparing teenagers for tech-enabled futures. Our developers are the heart and soul of our organization, and they are the future of our continent. We’ve always believed in them; we’re glad the world increasingly does so too.

With this investment, Andela will continue to invest in talent, operating out of our hi-tech offices across Africa. We will keep (aggressively) pursuing our dreams and aspirations of Africa as an equal partner in the digital revolution by working alongside more global tech partners. We will keep playing an active role in supporting and galvanizing tech communities across Africa through our Distributed Learning Community. And lastly, we hope our story will inspire other Andelas to emerge and empower Africa’s future leaders, builders, and visionaries.

“If you put yourself in a good place,” Mr. Oshodi said, “opportunity comes.”

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