In order to expands its internet service beyond Nigeria and established into Ghana market, Nigerian ISP start-up, Tizeti who is the owner of Wifi.com.ng brand has secured $3 million in a new Series A round fund led by 4DX Ventures with participation from existing investors Y Combinator Continuity, Lynett Capital, Social Capital, Western Technology Investment, Friále and Golden Palm Investments.
Tizeti is using solar energy to power its wireless towers, provides residences, businesses, events and conferences with unlimited high-speed broadband internet access, which now covers more than 70 percent of Lagos. The company has installed over 7,000 public Wi-Fi hotspots in Nigeria with 150,000 users since its established from YCombinator’s winter 2017 batch.
In November, the company partnered with Facebook to offer Express Wi-Fi and roll out hundreds of hotspots across the Nigerian capital of Abuja.
With the new funding, Tizeti is expanding its operations and launching a new brand; Wifi.Africa into Ghana.
According to Kendall Ananyi who is the co-founder and chief executive of Tizeti, “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.”
“Reducing the cost of data in Africa is a critical step in accelerating the pace of internet adoption across the continent,” Baddoo said in a statement. “Tizeti makes it easier and cheaper to connect Africa to the global digital economy and we are excited to partner with Kendall and his team on this mission.”
All of this is being powered by a network of new undersea cables stretching along the ocean floor that is bringing connectivity to the continent.
Walter Baddoo, 4DX Ventures Co-founder, said “If you take the efficiency of point to multipoint wireless technology and you add to that solar infrastructure, you leap-frog a generation of infrastructure. That makes getting cheap data to the hands of customers much easier.”
The new 4DX Ventures has been funding start-ups at a fast space since its established in early 2018. Its portfolio includes Sokowatch, Andela, and mPharma.