Companies · Other

Andela Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on Andela Inc. — recommendation, valuation, rhythm, risks.
$271.3M
Total raised · real
6
Rounds
0.9×
Latest step-up
Top 2%
Sector rank · raised
Series C
Latest stage · inferred · Fri Sep 24 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Andela Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.52× the median modeled value of Series C Other companies in 2019–2021 (190 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.8 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

Andela Inc. is one of 25008 Other companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Andela raises $24m in round led by Chan Zuckerberg Initiative.

Andela raises $24m in round led by Chan Zuckerberg Initiative.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
19
Investors (latest)
2021-09-24
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BPre-Seed · 2014-09-05 Raised $308K (real) Modeled valuation $7.1M (est)Pre-Seed2014Series A · 2015-06-15 Raised $15M (real) Modeled valuation $222M (est)Series A2015Series B · 2016-05-26 Raised $24M (real) Modeled valuation $397M (est)Series B2016Series B · 2016-06-20 Raised $24M (real) Modeled valuation $399M (est)Series B2016Series B · 2017-09-05 Raised $40M (real) Modeled valuation $665M (est)Series B2017Series B · 2017-09-05 Raised $38M (real) Modeled valuation $625M (est)Series B2017Series C · 2018-12-03 Raised $100M (real) Modeled valuation $1.7B (est)Series C2018Series C · 2021-09-24 Raised $93M (real) Modeled valuation $1.2B (est)Series C2021+$15M+$24M+$24M+$40M+$38M+$100M+$93MCumulative $333M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$308K · 2014
Series A$14.7M · 2015no Seed on file
Series B$23.9M · 2016
Series B extension$24.0M · 2016
Series B extension$40.0M · 2017
Series B extension$37.6M · 2017
Series C$99.8M · 2018
Series C extension$92.6M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$1.2B
Base estimate est.
$358.1M
Conservative case
$2.8B
Upside case
$617.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $7.1M · 2014-09-052014Series A · modeled $222.0M · 2015-06-15Series B · modeled $397.4M · 2016-05-26Series B · modeled $398.8M · 2016-06-20Series B · modeled $664.6M · 2017-09-05Series B · modeled $625.4M · 2017-09-05Series C · modeled $1.7B · 2018-12-03Series C · modeled $1.2B · 2021-09-242021
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
4.8 yr
Elapsed time used
4.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$38.5M/yr
Capital velocity
11.8 yr
On record since
2014
First round
8
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 133× above median
This company$271.3M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.9× above median
This company$92.6M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 70× above median
This company$1.2B
Sector median$17.7M

Raised more than 99% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #27 of 190.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Lonnie Ray Williams Jr Trust · Series C Raised $100.0M · modeled $1.7B (est)Ault Life Sciences, Inc. · Series C Raised $100.0M · modeled $1.7B (est)Watchtower Topco, LLC · Series C Raised $99.7M · modeled $1.7B (est)Watchtower Management Holdco, LLC · Series C Raised $99.2M · modeled $1.7B (est)Alphaeon 1 LLC · Series C Raised $96.8M · modeled $1.7B (est)Jushi Acquisition Corp. · Series C Raised $92.3M · modeled $1.6B (est)Celebrands, LLC · Series C Raised $89.0M · modeled $1.5B (est)Dashlane, Inc. · Series C Raised $129.2M · modeled $1.5B (est)HES Facilities Holdings, LLC · Series C Raised $84.3M · modeled $1.4B (est)Surterra Holdings, Inc. · Series C Raised $98.0M · modeled $1.4B (est)Carmax Inc · Series C Raised $98.2M · modeled $1.4B (est)PEX Management Aggregator, LLC · Series C Raised $87.8M · modeled $1.4B (est)Andela Inc. (this company) Raised $271.3M · modeled $1.2B (est)Andela Inc.
CompanyStageRaised · realValue · estvs peer med.
Lonnie Ray Williams Jr TrustSeries C$100.0M$1.7B2.10×
Ault Life Sciences, Inc.Series C$100.0M$1.7B2.10×
Watchtower Topco, LLCSeries C$99.7M$1.7B2.09×
Watchtower Management Holdco, LLCSeries C$99.2M$1.7B2.08×
Alphaeon 1 LLCSeries C$96.8M$1.7B2.03×
Jushi Acquisition Corp.Series C$92.3M$1.6B1.94×
Celebrands, LLCSeries C$89.0M$1.5B1.81×
Dashlane, Inc.Series C$129.2M$1.5B1.78×
HES Facilities Holdings, LLCSeries C$84.3M$1.4B1.77×
Surterra Holdings, Inc.Series C$98.0M$1.4B1.74×
Carmax IncSeries C$98.2M$1.4B1.72×
PEX Management Aggregator, LLCSeries C$87.8M$1.4B1.69×
Andela Inc. this companySeries C$271.3M$1.2B1.52×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$308K2014-09-05$1.7M$7.1M85%
Series A$14.7M2015-06-15$66.7M$222.0M85%
Series B$23.9M2016-05-26$132.9M$397.4M85%
Series B$24.0M2016-06-20$133.3M$398.8M45%
Series B$40.0M2017-09-05$222.2M$664.6M90%
Series B$37.6M2017-09-05$209.1M$625.4M90%
Series C$99.8M2018-12-03$665.1M$1.7B90%
Series C$92.6M2021-09-24$617.3M$1.2B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$308K2014-09-05
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Series A$14.7M2015-06-15
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 47.7× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Series B$23.9M2016-05-26
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 16 investors on this round.
  4. Series B$24.0M2016-06-20
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series B$40.0M2017-09-05
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 27 investors on this round.
  6. Series B$37.6M2017-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  7. Series C$99.8M2018-12-03
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 21 investors on this round.
  8. Series C$92.6M2021-09-24
    • Raised again after 34 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~12mo cadence
$92.6M
Modeled next size est.range $92.6M$148.2M
0.9×
Last step-up
$38.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Alex Finkelstein15 other2017-09
Jeremy Johnson8 other2014-09
Sheel Tyle5 other2015-06
Vivian Wu1 other2016-05
Alex Finklestein2015-06
Christina Sass2016-05
Hakeem Belo-Osagie2015-06
Julia Gillard2017-09
Lilly Wollman2018-12
Paul Taukobong2017-09
Pule Taukobong2017-09
Woong Kim2021-09
Registry & provenance

Andela Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1615306
SEC CIK
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Frequently asked
How much funding has Andela Inc. raised?
Andela Inc. has raised approximately $271.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Andela Inc.'s estimated valuation?
Provath's modeled valuation for Andela Inc. is approximately $1.2B (modeled range $358.1M–$2.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Andela Inc. at?
Andela Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Sep 24.
What does Andela Inc. do and where is it based?
Andela Inc. operates in the Other sector, based in NEW YORK. Andela raises $24m in round led by Chan Zuckerberg Initiative.
Explore related

See where Andela Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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