(Ecofin Agency) - Startup Andela has secured $40 million via a new fundraising operation. Investors that contributed to the latter have formed a consortium whose leader is CRE Venture Capital, a company which focuses on African tech firms.

Present in Nigeria, Kenya and Uganda, Andela was founded in 2014 to train software developers in Africa who would be hired by high-tech companies.

The amount raised will enable the startup expand its developer base from 500 to 1,000 individuals and open two new offices in Rwanda and Ghana.

Developers recruited take a strict six-month integration course before being affiliated to one of Andela’s partner companies.

Let it be recalled that in 2016, the Chang Zuckerberg Initiative (CZI) established by Facebook’s founder, Mark Zuckerberg, had granted Andela a $24 million funding to train a large number of ICT engineers in Africa.

Chamberline Moko