Business

Nigeria’s Tizeti raised a $3Million Series A And plans to expand to Ghana

Tizeti

WiFi [dot] com [dot] ng, I’m sure you’re familiar with the Nigerian Internet service provider by now; Tizeti happens to be its parent company. The startup deploys high-speed internet access using solar-powered towers with no data or time caps, and they offer their services to residences, businesses, events and conferences. 

Last year, Tizeti raised a US$2.1 million seed round, and  today – the startup testifies of solid growth and its reach to over 150,000 users. Since graduating from Y Combinator’s Winter 2017 batch, it has installed over 7,000 public Wifi hotspots within Nigeria, covering 70% of Lagos and in November 2017, it announced a partnership with Facebook to offer Express Wi-Fi in the country. 

Tizeti has just reported a Series A round of US$3 million, led by 4DX Ventures with participation from existing investors Y Combinator Continuity, Lynett Capital, Social Capital, Western Technology Investment, Friále and Golden Palm Investments. The development will see 4DX Ventures co-founder and managing partner Walter Baddoo join the company’s board of directors.

“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,” said Kendall Ananyi, chief executive officer (CEO) and co-founder of Tizeti.

“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.”  he added.

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Internet company reaching young Africans Worldwide, from Africa.

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