October 16, 2021

Andela gets support from Zuckerberg and Google

  • June 16, 2016
  • 2 min read
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Andela gets support from Zuckerberg and Google

One of africa’s best startup Andela has gotten support from  the facebook founder Mark Zuckerberg .

The Chan Zuckerberg Initiative LLC, created by Zuckerberg and his wife Priscilla Chan, led a $24 million Series B funding in Andela, the startup said on Thursday.

Andela selects the top 1 percent of tech talent from Africa, trains them and places them in engineering organizations.

The startup, which has nearly 200 engineers currently employed by its Nigeria and Kenya offices, will use the funds to expand to a third African country by the end of 2016.

[quotes quotes_style=”bquotes” quotes_pos=”center”]”We live in a world where talent is evenly distributed, but opportunity is not. Andela’s mission is to close that gap,”

Zuckerberg said in a statement.[/quotes]

When the philanthropy initiative was launched in late 2015, Zuckerberg said he would put in 99 percent of his Facebook shares.

The initiative is structured as a limited liability company. This means, unlike a traditional charitable or philanthropic foundation, the venture can make political donations, lobby lawmakers, invest in businesses and recoup any profits from those investments.

Zuckerberg has also signed the Giving Pledge, which invites the world’s wealthiest individuals and families to commit to giving more than half of their wealth to philanthropy or charitable causes over their lifetime or in their will.

About Author

Jessy Lesley

Jessy Lesley covers startups and investment activities in Kenya and Africa You can hit him up at jessy@incubateafrica.net

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