Andela, a technology start-up to train coders in the African continent, has raised $40m in a Series C round led by the pan-African venture firm CRE Venture Capital.

Investors in the round also included DBL Partners, Salesforce Ventures, Amplo and TL com Capital.

“At present, there is more capital to fund ideas globally than there are people to build them,” Pule Taukobong, Founding Partner of CRE Venture Capital, said.

“Andela is providing a solution to this global talent dilemma while building a business case for one of Africa’s greatest assets: our people,” he said.

Andela was founded by the duo of Iyinoluwa Aboyeji and Jeremy Johnson in 2014 to develop coders from Africa and put them at the services of top technology companies from around the world.

They currently have campuses in Lagos, Nairobi and Kampala. 

The firm plans to use capital raised to launch two new offices in yet-to-be-specified African countries to join its offices in Nairobi, Kenya and Lagos, Nigeria. 

Andela also aims to double its pool of developers from 500 to 1,000.

Andela got some major attention just over a year ago, when the Chan Zuckerberg Initiative led a $24m investment in the start-up.

“Over the past three years, we’ve helped prove to the world that brilliance is evenly distributed. It’s now time to prove that our model of investing in extraordinary people isn’t just viable, but revolutionary,” Andela CEO Jeremy Johnson, said.

“Increasingly, African technologists will be launching high-impact companies and solving some of the world’s most pressing problems, and this round will help that happen faster,” he said.

Former Australian Prime Minister Julia Gillard and former Nigerian Minister of Communication Technology Ombola Johnson will join Andela’s board.