The Chan Zuckerberg Initiative, the limited liability company created by Facebook CEO Zuckerberg and his wife, Priscilla Chan announced an investment in Nigerian startup Andela that recruits and trains software developers in Africa last week.
Andela is a a Lagos-based startup which trains software developers who work remotely for Fortune 500 companies and startups around the world. Andeal closed a $24 millon Series B funding round with a lead investment from Zuckerberg and Chan — their first major investment and the first time it has led a funding round. Andela currently employs nearly two hundred engineers in its Nigeria and Kenya offices. They will use the funds to expand to a third country by the end of 2016.
Zuckerberg and Chan signed the Giving Pledge in 2010 and established CZI last December following the birth of their daughter pledging to give 99 percent of their Facebook shares — valued at more than $45 billion — to the company. In a Facebook post, Zuckerberg said “The gap between talent and opportunity is among the greatest in Africa,”. “Six out of every ten Africans are under the age of 35 — and in some places, more than half of them are out of work….Andela is working to unlock that potential by finding and training top tech talent in Africa.”
“Andela provides companies with access to the top 1% of global tech talent. We identify high-potential developers on the African continent, shape them into world-class technical leaders, and pair them with companies as full-time, distributed team members. From Udacity to Microsoft, companies at all stages have partnered with Andela to accelerate their product roadmaps while minimizing time spent interviewing, on-boarding, and training new hires.” (Andela.com) For more info on the company Andela that Mark Zuckerberg and his wife Pricilla Chan have invested in, please click here.
“Tell me and I forget. Teach me and I remember. Involve me and I learn.” – Benjamin Franklin
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