Andela Raises $200M Series E Financing

September 29, 2021Client News

Gunderson Dettmer represented client Andela, a global company that helps tech companies build remote engineering teams, in its $200 million Series E financing. The financing was led by Softbank Vision Fund 2. The new capital, which values the company at roughly $1.5 billion, will be used to grow its pool of job candidates across the globe.

In the announcement of the transaction, CEO and co-founder of Andela Jeremy Johnson said, “Andela has always been the high-quality option for those building remote engineering teams. Now that the world has come to embrace remote work, Andela has become the obvious choice for companies because we can find better talent, faster.”

The Gunderson deal team was led by David Gammell and included Vanessa Smith and Ali Blum.