ImpactAlpha, September 5 – The Nigerian Y Combinator graduate builds solar-powered WiFi towers and provides high-speed internet access to 150,000 users via 7,000 WiFi hotspots in Nigeria.
“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,” Tizeti’s Kendall Ananyi said in a statement.
What’s more, it’s solution is more environmentally friendly and cost effective than standard telecoms, because its towers run on solar power rather than diesel generators.
Last July, Tizeti raised $2.1 million in seed funding. That helped the company expand its coverage map to include 70% of Lagos. A new partnership with Facebook will expand its reach to hundreds of new hotspots in Nigeria’s capital, Abuja.
The firm’s new $3 million Series A round will finance the company’s expansion plans to Ghana. The round was led by venture capital firm 4DX Ventures with backing from existing investors Y Combinator, Lynette Capital, Social Capital, Western Technology Investment, Friale, and Golden Palm Investment.