The philanthropic organisation set up by Mark Zuckerberg and his wife Dr. Priscilla Chan, the Chan Zuckerberg Initiative, has made a substantial investment in Nigerian startup, Andela.
Andela sifts through thousands upon thousands of applications from technology whiz-kids to find the top one percent in Africa. This elite class of techies is then trained and placed at Fortune 500 companies and startups around the world.
The Chan Zuckerberg Initiative along with Alphabet’s GV (formerly Google Ventures) have led the Series B Funding drive of $24 million.
“This marks the first time that Mark and Priscilla have led a round and we’re thrilled to welcome them,” said Chief excutive officer and co-founder at Andela, Jeremy Johnson in a statement.
Meanwhile, Zuckerberg explained why the Nigerian startup was selected as Chan Zuckerberg Initiative’s first major investment on the official Facebook page.
“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,” said the Facebook founder.
Andela addresses that problem with its training and placement of Andela Fellows who go on to build products for some of the biggest names in tech including IBM, Google and, Facebook.
“We’re humbled to partner with folks who helped drive some of the most impactful innovation in the history of tech, and we’re grateful to have the financial support to continue building the movement that is Andela,” Johnson concluded.[Source – Andela]