The Chan Zuckerberg first investment


Facebook's founder and CEO Mark Zuckerberg and his wife pledged 99 percent of their Facebook shares over their lifetimes to charity. They informed this when they celebrated their newborn daughter in December 2015.

Currently valued at $48 billion, Zuckerberg and Priscilla Chan with their initiative called The Chan Zuckerberg, is making their first investment: $24 million funding round for Andela, a New York-based startup that works with communities in Nigeria and Kenya to train software developers.

Andela, which began its operations in 2014, plans to train 100,000 developers over the next 10 years. The company intends to use its newly secured funds to expand to other African countries.

In a statement about the investment, Zuckerberg said, "We live in a world where talent is evenly distributed, but opportunity is not. Andela's mission is to close that gap."