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Announced

Completed

SoftBank Vision Fund 2 led a $200m Series E round in Andela.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Venture Capital

Software

Acquisition

Private

Cross Border

Completed

Single Bidder

Minority

Nigeria

software development

Synopsis

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SoftBank Vision Fund 2 led a $200m Series E round in Andela, a global network for remote engineering talent, with participation from Whale Rock, Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital. "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. If you are a talented engineer, Andela opens up a world of possibilities for you, no matter where you are based," Jeremy Johnson, Andela CEO.

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