Nigerian solar energy-using internet provider Tizeti raised US$3 million Series A round to expand its consumer-facing brand Wifi.com.ng, into Ghana, later this year.
The startup raised US$2.1 million in seed funding last year. “This Series A investment allows us to continue providing a peerless service in Nigeria, building out our customer base there, as well as scale across Africa, starting with Ghana.”
Tizeti currently provides coverage to about 70 percent of Lagos with some 7,000 public Wi-Fi hotspots and 150,000 users.
“Tizeti was built to tackle poor internet connectivity not only in Nigeria, but on the continent as a whole, by developing a cost-effective solution from inception to delivery, for reliable and uncapped internet access for potentially millions of Africans. We have grown rapidly in the Nigerian market in the last 12 months and expect to continue on this trajectory, as millions, more Africans come online,” Kendall Ananyi, chief executive officer (CEO) and co-founder of Tizeti, explained.
The tech company uses solar panels to power its wireless towers which provide homes and businesses across the country with unlimited high-speed broadband internet access packages for US$30 per month.
“Reducing the cost of data in Africa is a critical step in accelerating the pace of internet adoption across the continent,” company board member Walter Baddoo said. “Tizeti, driven by a stellar company culture, has built a world-class network that delivers data to users at a fraction of the current cost.”
The company is currently installing an extensive undersea network of cables, with an aim to provide connectivity to all of Africa.