U.S.-based Andela, which helps companies build distributed engineer teams, raised $200 million in a Series E financing at $1.5 billion valuation.
Andela says it will use the new funds to develop products for simplifying global hiring and diversify beyond providing vetted candidates in software development.
Led by Softbank Vision Fund 2, the investment also saw participation from new investor Whale Rock and existing investors Generation Investment Management, Chan Zuckerberg Initiative, and Spark Capital. Subsequently, SoftBank Investment Advisers founding partner Lydia Jett will join Andela’s board.
Launched in Africa in 2014, Andela offers vetted tech professionals from more than 80 countries and across six continents. It lets job-seekers fill form to become members. Engineers go through proprietary, stack-specific coding, pair programming and problem-solving assessments. They are also examined for English proficiency with AI-powered tools.
The recruiting firm has so far placed more than 1,000 algorithmic-identified engineers.
More than 200 companies benefited from its white-glove support in recruiting and onboarding remote tech people in Angular, data engineering, Golang, IOS, Java, Python, Ruby, and Salesforce among others.
The planned move to new verticals, such as design and data, is expected to improve its competitive position against businesses providing pre-qualified workforce, including Africa-focused GeBeya with a large IT talent pool, TalentQL and GetDev.
Andela says it has 96% placement rate in trades it deals in.
“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,” Jeremy Johnson, CEO and co-founder said in a statement.
All 300 employees of Andela work remotely from across the world. It’s accumulated $381 million in various funding rounds, according to Crunchbase.