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Nigerian WiFi service provider Tizeti raises $2.1M in seed funding

Tizeti and its consumer facing brand, Wifi.com.ng, which offers unlimited, uncapped internet service across Lagos, Nigeria, announced on Monday that it has closed on seed funding of $2.1 million from international investors including Western Technology Investment, Social Capital, Vy Capital, Picus Capital, Ace & Company, Lynett Capital Partners, Zeno Ventures and a number of angel investors including Y Combinator’s Michael Seibel and Gabriel Hammond.

 

Tizeti builds and operates solar-powered towers to provide reliable and affordable Wi-fi services to hundreds of residential areas and SMEs across Nigeria’s megacity Lagos. The capital injection, secured as part of this seed round, will enable Tizeti to extend its services across Lagos by scaling out mobility with the inclusion of 3,000 new public hotspots across Lagos.

 

Founded by Y Combinator alumni Kendall Ananyi and Ifeanyi Okonkwo, cohorts of Y Combinator’s Winter 2017 batch, Tizeti was created to boost internet connectivity on the continent by developing a cost-effective solution from inception to delivery, for reliable and uncapped internet access for potentially millions of Africans.

 

Read more: Nigerian WiFi service provider Tizeti lands $2.1 mln – PE Hub

 

Source: http://www.africanbusinesscentral.com

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