Andela Overview
- Year Founded
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2014
- Status
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Private
- Employees
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308
- Latest Deal Type
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Later Stage VC
- Investors
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58
Andela General Information
Description
Operator of a global hiring platform intended to connect companies with top technology professionals worldwide. The company platform offers an artificial intelligence-powered talent cloud, rigorous vetting processes, and flexible engagement models, enabling businesses to access skilled professionals, scale teams efficiently, and accelerate project delivery.
Contact Information
Website
www.andela.comCorporate Office
- 580 Fifth Avenue
- Suite 820
- New York, NY 10036
- United States
Corporate Office
- 580 Fifth Avenue
- Suite 820
- New York, NY 10036
- United States
Andela Timeline
Andela Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 12. Later Stage VC | 01-Apr-2023 | Completed | Generating Revenue | |||
| 11. Secondary Transaction - Private | 01-Aug-2022 | Completed | Generating Revenue | |||
| 10. Later Stage VC (Series E) | 29-Sep-2021 | Completed | Generating Revenue | |||
| 9. Secondary Transaction - Private | 30-Jun-2020 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series D) | 23-Jan-2019 | Completed | Generating Revenue | |||
| 7. Debt - General | Completed | Generating Revenue | ||||
| 6. Secondary Transaction - Private | 10-Oct-2017 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series C) | 10-Oct-2017 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series B) | 16-Jun-2016 | $23.9M | $37.9M | Completed | Startup | |
| 3. Early Stage VC (Series A) | 17-Dec-2015 | $14M | $14M | Completed | Startup |
Andela Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series E | ||||||||
| Series D | ||||||||
| Series C | ||||||||
| Series B | ||||||||
| Series A1 | 8,633,160 | $0.000100 | $0.46 | $0.46 | 1x | $0.46 | 11.95% | |
| Series A | 8,661,580 | $0.000100 | $1.42 | $1.42 | 1x | $1.42 | 11.99% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Andela Comparisons
Industry
Financing
Details
Andela Competitors (14)
One of Andela’s 14 competitors is Toptal, a Venture Capital-Backed company based in Wilmington, DE.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Toptal | Venture Capital-Backed | Wilmington, DE | ||||
| Braintrust | Venture Capital-Backed | San Francisco, CA | ||||
| Turing | Venture Capital-Backed | Palo Alto, CA | ||||
| ONSITE - Construction Management Experts | Corporation | Dubai, United Arab Emirates | ||||
| Insight Global | Private Equity-Backed | Atlanta, GA |
Andela Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Andela Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Andela Investors (58)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Africa Angels Network | Venture Capital | Minority | ||
| Hybridge Capital Management | Real Estate | Minority | ||
| Inertia Ventures | Venture Capital | Minority | ||
| MicroVentures | Venture Capital | Minority | ||
| Nimble Partners | Venture Capital | Minority |
Andela Acquisitions (2)
Andela’s most recent deal was a Merger/Acquisition with Casana (Germany). The deal was made on 16-May-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Casana (Germany) | 16-May-2023 | Merger/Acquisition | Human Capital Services | ||
| Qualified | 09-Mar-2023 | Merger/Acquisition | Business/Productivity Software |
Andela Affiliates
Subsidiaries (2)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Casana (Germany) | Munich, Germany | 2019 | |
| Qualified | San Francisco, CA | 2012 |
Andela FAQs
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When was Andela founded?
Andela was founded in 2014.
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Where is Andela headquartered?
Andela is headquartered in New York, NY.
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What is the size of Andela?
Andela has 308 total employees.
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What industry is Andela in?
Andela’s primary industry is Human Capital Services.
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Is Andela a private or public company?
Andela is a Private company.
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What is Andela’s current revenue?
The current revenue for Andela is .
-
How much funding has Andela raised over time?
Andela has raised $378M.
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Who are Andela’s investors?
Africa Angels Network, Hybridge Capital Management, Inertia Ventures, MicroVentures, and Nimble Partners are 5 of 58 investors who have invested in Andela.
-
Who are Andela’s competitors?
Toptal, Braintrust, Turing, ONSITE - Construction Management Experts, and Insight Global are some of the 14 competitors of Andela.
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