Andela, Nigerian tech start-up, receives $24 million
boost from the Chan Zuckerberg Initiative
Andela, a Nigerian start-up company
based in Lagos and New York, has received a $24 million Series B funding round
from the Chan Zuckerberg Initiative founded by Mark Zuckerberg and his wife,
Priscilla Chan. This is the first leading investment by the initiative formed
late last year after the birth of their first daughter. This development shows
that Africa is well on its way to becoming the next tech hub following the
shortage of developers in Silicon Valley. Since there is a shortage, Andela is
in a good position to link the best coders in Africa to the global economy
through its school.
Investors who participated in
Andela’s first round of fund raising include: GV (formerly known as Google
Venture), Twitter Investor Spark Capital, San Francisco–based Learn Capital and
the Omidyar Network.
Andela is a startup coding school,
which has brought a brand new approach to education on the African continent.
Instead of charging students for a four-year degree before releasing them to a
brutal economic environment characterised by high unemployment, Andela recruits
intelligent, local talent through a rigorous testing and interview process and
then pays each student each month, with benefits. As they progress through the
programme and take on greater responsibility, Andela fellows are eligible for
pay raises.
Many of the recruits are young men
and women in their mid-twenties about to enter the job market. Many have not
had any experience with coding or the world of technology beyond the use of a
mobile phone. Andela’s business model centres on training these students to be
proficient in software and web development, before making their talent
available (while they are still in training) to companies around the world in
need of engineering talent.
Andela currently has campuses in
Nigeria and Kenya and plans to open a third office before the end of the year
with this investment.
The Andela story
Andela launched on the 1st of
September 2014, with six students selected from a developer boot camp, in the
office building it currently occupies on Herbert Macaulay Road, not far from
the famed Co-Creation Hub, an incubator at the centre of Nigeria’s tech
revolution. Within two months, the start-up had outgrown the space and
initiated the search for a larger office. On the 19th of December 2014, E
tweeted a picture of two yellow-painted stretch bungalows: “Looking at this 2
acres property next to us with eyes of faith. #2015 #leggo #specialzone #yaba,”
the tweet read, indicating the young company’s potential plans.
An eight-minute drive away from the
company’s offices on Herbert Macaulay, Andela is putting the final touches
on a new, 800-square-metre campus called Amity. The three-storey,
cream-painted cube structure, which previously served as a teaching hospital as
well as as administrative block for a university, stands out from the colony of
residential buildings clustered around it. From the roof terrace there are
breathtaking views of Yaba, stretching all the way to Lagos’ famous Third
Mainland Bridge and the financial district in Marina. The 20-plus room Amity
campus is designed to give fellows an aspirational feel. When I visited, there
were still renovations going on around the Andela fellows hard at work in
air-conditioned rooms full of shared work stations, Apple laptops and executive
leather chairs.
The building also has a cafeteria on
the ground floor courtyard, which offers fellows free lunches. Amity can
accommodate 45 boarders to provide certain fellows with respite from the three
hours of commuting that many face on a regular basis. “We want them to eat,
think and sleep tech. That’s how we sieve out the lazy ones and those in it
only for the money,” E said. He hopes that the close quarters but open vibe of
the campus will help students to build connections that will grow the Lagos
tech scene. “What we imagine is that people come here, they make friends, they
find cool families for whatever they want to do for the next four years. And
that the relationships that have a massive impact on the ecosystem for the next
four years, five years are built here,” he said enthusiastically.
Author
Published
June 16, 2016
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